Plexus Holdings PLC on Tuesday announced that the value of a major contract from March has increased by 60%.
Plexus shares jumped 26% to 4.72 pence each on Tuesday morning in London.
The West Sussex-based engineering services provider said the wellhead equipment and sealing technology supply contract is now worth around £8 million, up from around £5 million.
Chief Executive Officer Ben van Bilderbeek said: ‘I am pleased to be able to announce the additional revenue attributable to this important bespoke solution contract. Using innovative technologies, like ours, oil and gas companies and operators can transform the industry for the better, particularly in relation to reducing methane emissions and meeting net zero goals as part of the global energy transition cycle.’
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