RCS - Hercules Site Svcs - New Civils Support Framework Agreement

Hercules Site ServicesAnnouncement

14/04/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250414:nRSN7820Ea&default-theme=true

RNS Number : 7820E  Hercules Site Services PLC  14 April 2025

Reach

14 April 2025

Hercules Site Services plc

("Hercules" or the "Company")

 

New Civils Support Framework Agreement

 

Hercules Site Services plc (AIM: HERC), a leading technology enabled labour
supply company for the UK infrastructure and construction sectors, is
pleased to announce that it has secured a place on the Wessex Water Civils
Support Framework.

 

Wessex Water Services Limited ("Wessex Water") is a top performing water and
sewerage company as measured by Ofwat. It serves part of the southwest of
England, supplying drinking water to circa 1.4 million customers and sewage
services to some 2.9 million customers.

 

Hercules successfully tendered for a position on the new framework agreement
for additional civils resources, which will include both our Labour Supply and
Civil Projects divisions, to support Wessex Water with internal programme
delivery and capital maintenance activities. Wessex Water has identified a
need for investment of £3.65bn in 2025-30 which is more than double their
previous spend of £1.5bn.

 

The framework agreement is divided into five lots to cater to the varied needs
across different sites, and potable and waste-water infrastructure. The
framework agreement is for a term of five years and may be extended for a
further three years.

 

The lots are as follows:

 

Lot 1 - Site Works

Lot 2 - Main laying

Lot 3 - Potable Water Infrastructure

Lot 4 - Wastewater Infrastructure

Lot 5 - Reservoirs

 

Brusk Korkmaz, CEO of Hercules Site Services, said: "It's great to see our
Labour Supply and Civil Projects division going from strength to strength.
With the water industry facing and addressing enormous challenges, our Civil
Projects team has leveraged its experience to work with important partners
throughout the industry. We are delighted to join Wessex Water's Civils
Support Framework. Wessex Water is a top performing water and sewage company
as measured by Ofwat and we look forward to working closely with them."

 

 Hercules Site Services plc                                          c/o SEC Newgate

 Brusk Korkmaz (CEO)

 Paul Wheatcroft (CFO)

 SP Angel Corporate Finance LLP (Nominated Adviser and Broker)       +44 (0) 20 3470 0470

 Matthew Johnson / Adam Cowl (Corporate Finance)

 Grant Barker / Rob Rees (Sales and Broking)

 Cavendish Capital Markets Limited (Joint Broker)                     +44 (0) 20 7397 8900

 Adrian Hadden / Charlie Combe / Dale Bellis (Sales and Broking)

 SEC Newgate (Financial Communications)                              +44 (0) 20 3757 6882

 Robin Tozer / Ian Silvera / Nina Renata Pop                         hercules@secnewgate.co.uk

 

 

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRABLGDSGXBDGUB