REG - 4GLOBAL PLC - Significant contract extension and expansion

4GlobalAnnouncement

16/10/2024 07:00

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RNS Number : 3216I  4GLOBAL PLC  16 October 2024

16 October 2024

4GLOBAL plc

("4GLOBAL" or "the Group")

Significant contract extension and expansion with international customer

4GLOBAL, a provider of data and technology for sports, fitness and wellness
organisations to optimise operational and investment decisions, is pleased to
announce a two-year extension of its framework contract with the Peruvian
government to mid 2027. The value of the new agreement is significantly higher
than the original, signed in 2021
(https://investors.4global.com/app/uploads/2021/12/4-Global-New-Contract-Win-Dec-2021.pdf
(https://investors.4global.com/app/uploads/2021/12/4-Global-New-Contract-Win-Dec-2021.pdf)
).

The contract extension is consistent with 4GLOBAL's strategic priority of
increasing customer lifetime value and further demonstrates the demand for and
efficacy of its offering internationally.

An Insight Lab project, 4GLOBAL was originally selected as one of a number of
technical delivery partners to work alongside the UK Government to provide
specialised data and technical assistance to the Peruvian government on a
major ongoing initiative to create 75 new schools.

This extension will enable the Peruvian government to continue leveraging
4GLOBAL's data and experts, supporting its efforts to maximise student
activity levels and forge strong connections between the schools and local
communities.

The Board's expectations for the outturn for the Company's current financial
year remain unchanged.

Eloy Mazon, CEO of 4GLOBAL, commented:

"This extension is a powerful demonstration of the stickiness of customers
once they have experienced firsthand 4GLOBAL's ability to leverage data to
transform investment planning.

The continued success and repeat business we've enjoyed in Peru highlights our
ability to enter entirely new markets and add substantial value through the
flexibility of our data and expertise in applying it effectively.

Our ongoing relationship with the Peruvian government is a key customer
reference and positions us strongly to secure similar agreements in key
markets like North America, where we are actively expanding our efforts."

Contacts

 4GLOBAL                                      via Alma
 Eloy Mazon (CEO)
 Stuart Wooller (Group Finance Director)

 Spark Advisory Partners (Nominated Adviser)  +44 (0)20 3368 3554
 Neil Baldwin

 Canaccord Genuity (Broker)                   +44 (0)20 7523 8000
 Bobbie Hilliam

 Alma Strategic Communications                +44 (0)20 3405 0205
 Rebecca Sanders-Hewett                       4global@almastrategic.com (mailto:4global@almastrategic.com)
 David Ison
 Louisa El-Ahwal
 Josh Royston
 Will Ellis Hancock

 

About 4GLOBAL

4GLOBAL empowers sports, fitness and wellness organisations to make faster,
smarter decisions about their operations, customers and investments through
data and actionable insights.

It operates the largest sport participation and facility database in the
world, with more than 4 billion data points.

Sourcing data from health & fitness operators, community programmes and
other structured activities through its DataHub while drawing on information
from GPS location updates and wearable devices, 4GLOBAL's unique combination
of data assets provides a holistic view of physical activity patterns.

4GLOBAL is at the forefront of predictive modelling and advanced analytics,
with the insights it generates empowering customers to drive efficiencies,
improve customer relationships and make more informed strategic decisions.

Its customers span both the public and private sectors, including central and
local governments, cities, sporting bodies, trade associations, health &
fitness operators and sports clubs.

Key markets include North America, the Middle East and Europe. Its
headquarters are in London with offices in Miami and Istanbul.

4GLOBAL was founded in 2002 and listed on AIM in 2021 under the ticker 4GBL.

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