Australia's MCS Services jumps on Vicinity Centres contract

MCS Services

03/11/2021 03:08

** Shares of security services provider  MSG.AX  climbs as
much as 13.3% to A$0.068, set for best session since Sept. 22 
    ** Co says it was awarded a contract to supply security
services to all 13 shopping centres owned by Vicinity Centres
 VCX.AX  in Western Australia  urn:newsml:reuters.com:*:nFWN2RT1M8 
    ** Annual core value of contract is A$4.8 mln ($3.57 mln)
per year - MSG
    ** Contract term is for 3 years starting Oct. 1, with an
option of additional two years, adds co  
    ** Says contract will provide an estimated A$5 mln ($3.71
mln) to co's income in the first 12 months
    ** As of last close, stock up 53.8% so far this year


($1 = 1.3461 Australian dollars)

 (Reporting by Roushni Nair in Bengluru)
 ((Roushni.Nair@thomsonreuters.com;))