AWARD OF S$3 MILLION SECURITY SERVICES CONTRACT BY SEMBCORP INDUSTRIES LTD

May 19, 2022. SINGAPORE.

The Contract is not expected to have any significant impact on the earnings per share and net asset value per share of the Group for the financial year ending 31 December 2022.

The board of directors (“Directors” or “Board”) of Secura Group Limited (the “Company”, together with its subsidiaries, the “Group”) is pleased to announce that in connection with the letter of award dated 10 May 2022, Soverus Pte. Ltd., a wholly-owned subsidiary of the Company, had on 19 May 2022 entered into a twenty-four (24) month contract (“Contract”) with Sembcorp Industries Ltd to provide unarmed security services for an amount of approximately S$3 million. The Contract is effective from 1 August 2022 to 31 July 2024.


The Contract is not expected to have any significant impact on the earnings per share and net asset value per share of the Group for the financial year ending 31 December 2022.


As at the date of this announcement, including the Contract, the Group has an order book of approximately S$56.8 million for contracts from security guarding, of which approximately S$21.8 million is expected to be fulfilled by 31 December 2022 and the remainder by August 2026.


None of the Directors or controlling shareholders of the Company, or their respective associates, has any interest, direct or indirect, in the Contract, other than through their respective shareholdings in the Company.


BY ORDER OF THE BOARD


Kan Kheong

Ng Executive Director and Chief Executive Officer


19 May 2022


This announcement has been prepared by the Company and has been reviewed by the Company’s sponsor, United Overseas Bank Limited (the “Sponsor”), for compliance with Rules 226(2)(b) and 753(2) of the Singapore Exchange Securities Trading Limited (the “SGX-ST”) Listing Manual Section B: Rules of Catalist.


This announcement has not been examined or approved by the SGX-ST. The SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.


The contact persons for the Sponsor are Mr David Tham, Senior Director, Equity Capital Markets and Ms Priscilla Ong, Vice President, Equity Capital Markets, who can be contacted at 80 Raffles Place, #03-03 UOB Plaza 1, Singapore 048624, telephone: +65 6533 9898.


Source Link: https://www.securagroup.com.sg/wp-content/uploads/2022/05/Secura-Awarded-3m-security-services-contract.pdf