MedservRegis plc - Award of New Contract in Egypt

On 27 May 2021, Medserv plc announced that it has been awarded a second contract by BP in Egypt. This contract is for the Integrated Facility Management of the West Nile Delta Site in Idku, Egypt, and represents the largest award in value terms secured by the company in Egypt to date.

The contract will take effect in June 2021 for a term of three years with an option for BP to extend the term by a further year. It is expected that this contract will be serviced through Medserv’s internal resources and will not require major capital expenditure.