REG - Restore PLC - Significant Digital contract win with HMRC

RestoreAnnouncement

06/09/2023 10:45

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RNS Number : 5730L  Restore PLC  06 September 2023

6 September 2023

 

Restore plc

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

 

Significant Digital contract win with HMRC

 

 

 

Restore (AIM: RST), the UK's leading provider of digital and information
management and secure lifecycle services, is delighted to announce a
significant Digital contract win with His Majesty's Revenue and Customs
("HMRC"). The contract, valued at up to £140 million (dependent on
transactional volumes), spans a duration of 5 to 7 years and is expected to
commence in September 2024.

 

The new contract follows the successful outcome of a public procurement
process which will see Restore taking on responsibility for three service
towers on behalf of HMRC - outbound print and messaging (SMS, email, rich
messaging) services will be managed by Restore but sub-contracted to two
strategic partners, as well as the inbound mailroom and scanning services
which Restore already currently provides to HMRC under its existing contract.
Within this service, Restore will deliver a communications platform, working
with its strategic partners, aimed at moving HMRC's customers to digital
communications. Through this partnership, Restore will support the
transformation of HMRC's operations into a cutting-edge digital solution and
at the same time, deliver for HMRC a reduction in paper consumption by the end
of the contract term.

 

 

 

For further information:

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

 Mike Killick, Interim 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.buchanancom (http://www.buchanancom) ms.co.uk
 Charles Ryland                                       +44 (0) 207 466 5000

 Simon Compton

 

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