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On 29 August 2024, Judges Scientific plc announced that its subsidiary, Geotek, signed a binding contract for a coring expedition. This expedition is planned for early 2025, with no revenue for this contract to be recognised in 2024. The revenue arising from this contract is of a similar magnitude to other recent coring contracts.
| Date | 29 Aug 2024 |
| Time | 07:00:09 |
| Category | Corporate updates |
| ID | 0684C |
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Press Release |
29 August 2024 |
Judges Scientific plc
("Judges Scientific" or the "Company")
Geotek coring contract
Judges Scientific, the group focused on acquiring and developing companies in the scientific instrument sector, announces that Geotek, its subsidiary, has signed a binding contract for its next coring expedition.
As explained previously, the expedition is planned to take place early in 2025 and no revenue for this contract will be recognised in 2024. The revenue arising from this contract is of a similar magnitude to other recent coring contracts.
For further information please contact:
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Judges Scientific plc David Cicurel, CEO Brad Ormsby, CFO Tel: +44 (0) 20 3829 6970
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Shore Capital (Nominated Adviser & Joint Broker) Stephane Auton Harry Davies-Ball Tel: +44 (0) 20 7408 4090
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Panmure Liberum (Joint Broker) Edward Mansfield Nikhil Varghese Tel : +44 (0) 20 3100 2222
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Investec Bank plc (Joint Broker) Virginia Bull Carlton Nelson Tel: +44 (0) 20 7597 4000 |
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Alma (Financial Public Relations) Sam Modlin Joe Pederzolli Rebecca Sanders-Hewett Sarah Peters Tel: +44 (0) 20 3405 0205 |
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Notes to editors:
Judges Scientific plc (AIM: JDG), is a group focused on acquiring and developing companies in the scientific instrument sector. The Group consists of 25 businesses acquired since 2005.
The acquired companies are primarily UK-based with products sold worldwide to a diverse range of markets including: higher education institutions, scientific research facilities, manufacturers and regulatory authorities. The UK is a recognised centre of excellence for scientific instruments. The Group has received five Queen's Awards for innovation and export.
The Group's companies predominantly operate in global niche markets, with long term growth fundamentals and resilient margins.
Judges Scientific maintains a policy of selectively acquiring businesses that generate sustainable profits and cash. Shareholder returns are created through the reduction of debt, organic growth and dividends.
For further information, please visit www.judges.uk.com