REG - Restore PLC - Significant contract win with the BBC

RestoreAnnouncement

30/09/2022 07:01

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RNS Number : 2362B  Restore PLC  30 September 2022

30 September 2022

 

Restore plc

("Restore" or the "Group" or "Company")

 

Significant contract win with the BBC

 

Restore wins largest contract in its history

 

 

Restore (AIM: RST), the UK's leading provider of digital and information
management and secure lifecycle services, is pleased to announce that the
Group has signed a contract with the UK's national broadcaster, the BBC. The
contract is to manage the BBC's archive of entertainment related assets, with
an expected value of £22 million over ten years. The contract award is the
largest in Restore's history.

The BBC's archive consists of approximately 10.2m archived assets made up of a
number of distinct collections which currently take up a total of 74,000
linear meterage of storage in temperature controlled vaults. The assets
consist of audio, moving images, photographic stills, vinyl, and sheet music
collected over the last century.

Restore will build a dedicated vault in one of the Group's existing facilities
(which will be the size of c.250k equivalent storage boxes) and then
throughout 2023 manage the migration of the assets from an existing BBC
facility. In addition to Restore Records Management (part of the Digital and
Information Management division) providing the long-term storage, manage and
retrieval services, Restore Harrow Green (part of the Secure Lifecycle
Services division) will manage the migration project to plan, manage and
migrate the collections from the BBC's existing facilities. This combination
of services with two of Restore's business units coming together was
instrumental in winning the contract with the BBC and demonstrates the Group's
ability to offer a unique full service data management solution to its
customers.

 

 

CHARLES BLIGH, CEO, COMMENTED:

 

"I am delighted the BBC has awarded Restore the contract to manage its archive
of assets which are incredibly important to the whole nation. It is the
largest contract win in the Group's history with an anticipated value of £22m
over ten years.

 

"This contract win demonstrates not only the Group's preeminent position in
the market, bringing large, long-term and essential services to our customers,
but also Restore's ability to effectively combine our Digital and Information
Management and Secure Lifecycle Solutions to offer a compelling proposition to
gain the trust of customers like the BBC and win in the market.''

 

 

For further information:

 Restore plc                                           www.restoreplc.com (http://www.restoreplc.com)
 Charles Bligh, CEO                                    +44 (0) 207 409 2420

Neil Ritchie, CFO

 Investec (Nominated Adviser and Joint Broker)         www.investec.com
 Carlton Nelson                                        +44 (0) 207 597 5970

 James Rudd

 Canaccord Genuity (Joint Broker, Corporate Advisor))  www.canaccordgenuity.com
 Max Hartley                                           +44 (0) 207 523 8000

 Chris Robinson

 Citi (Joint Broker)                                   www.citigroup.com
 Stuart Field                                          +44 (0) 207 986 4074

 Luke Spells

 Buchanan Communications (PR enquiries)                www.buchanan.uk.com (http://www.buchanan.uk.com)
 Charles Ryland                                        +44 (0) 207 466 5000

 Stephanie Whitmore

 

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