De La Rue Selected as Preferred Bidder

RNS Number : 0521R

De La Rue PLC

08 September 2014

 

RNS

8 September 2014

 

DE LA RUE SELECTED AS PREFERRED BIDDER ON BANK OF ENGLAND BANKNOTE PRINTING CONTRACT

Following the press release distributed by the Bank of England this morning, De La Rue is delighted to be named as the preferred bidder for the 10 year contract to print banknotes for the Bank of England, which is due to commence in April 2015.

De La Rue will cooperate fully with the Bank over the weeks ahead to ensure that it conforms to all of the Bank's due diligence checks, ahead of the contract being awarded.

The relationship between the Bank of England and De La Rue dates back many years. Most recently De La Rue has been printing banknotes at the Bank's facility in Debden, Essex under a contract the Bank awarded in 2003 and which is due to come to an end in April 2015.

Philip Rogerson, De La Rue Chairman commented; "We are delighted that De La Rue has been selected as the preferred bidder for this very prestigious and important contract with the Bank of England."

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Enquiries:

De La Rue plc                                                                                               [phone]

Philip Rogerson          Chairman

Colin Child                   Chief Operating Officer

Rob Hutchison            Group Director, Communications

Brunswick

Jon Coles                                                                                                        [phone]

Oliver Hughes            

About De La Rue plc:

De La Rue is the world's largest commercial banknote printer and passport manufacturer and is a trusted partner of governments, central banks and commercial organisations around the world.

De La Rue also produces a wide range of other security products, including tax stamps, authentication labels and identity documents and manufactures high speed cash sorting and banknote inspection equipment.

De La Rue's Currency division provides customers with a full range of sophisticated products and services which are available either individually or as a whole. This includes design, production of security components, manufacture of paper and polymer substrates and printing of banknotes.

Within the Solutions division, a similar integrated offering from design to manufacture is available. In addition De La Rue offers a range of specialist services and software solutions including government identity schemes, product authentication systems and cash management processing solutions

In recent years De La Rue has been involved in the production of over 150 national currencies, and passports or identity systems for over 65 countries.

De La Rue employs approximately 4,000 people worldwide and is listed on the London Stock Exchange.

www.delarue.com

 

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