TIDMRST

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 GBP140 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 
 Charles Skinner, CEO 
  Mike Killick, Interim CFO                    +44 (0) 207 409 2420 
 
 Investec (Nominated Adviser and Joint         www.investec.com 
  Broker) 
 Carlton Nelson 
  James Rudd                                   +44 (0) 207 597 5970 
 Canaccord Genuity (Joint Broker, Corporate    www.canaccordgenuity.com 
  Advisor) 
 Max Hartley 
  Chris Robinson                               +44 (0) 207 523 8000 
 Citi (Joint Broker)                           www.citigroup.com 
 Stuart Field 
  Luke Spells                                  +44 (0) 207 986 4074 
 Buchanan Communications (PR enquiries)        www.buchanancom ms.co.uk 
 Charles Ryland 
  Simon Compton                                +44 (0) 207 466 5000

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September 06, 2023 05:41 ET (09:41 GMT)

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