Medserv plc - New Maintenance Contract

Tuesday, March 10th, 2015

On 10 March, Medserv plc announced that the offshore maintenance contract referred to in the Chairman’s report in the 2013 financial statements and more recently in the Company Announcement dated 19 November 2014 has now been awarded to Medserv. The value of this contract is approximately €4 million and will commence in the second quarter of 2015. The maintenance work on this platform, situated offshore North Africa, is expected to be completed in ten months.

In a press release following the announcement, Chairman Anthony Diacono highlighted the importance of the Group’s maintenance unit, which to date has won four major contracts for a value of €7 million. The division deploys its experienced maintenance and engineering personnel to the clients’ offshore units while still in operation, therefore keeping downtime for its clients to a minimum.

Additionally, Medserv’s representation of Oxifree Metal Protection complements its maintenance and engineering units, as it strengthens its service offering with an innovative and cost-effective approach towards protecting the clients’ assets from corrosion.

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