13 May 2021
DE LA RUE PLC
AUTHENTICATION CONTRACT WINS
De La Rue plc (LSE: DLAR) ("De La Rue") today announces that it has signed a five-year renewal of its contract with Microsoft to provide innovative authentication products to Microsoft's OEM, Retail and Xbox channels, thereby extending the 25-year relationship until 2026.
Under the contract, De La Rue's secure global supply chain will deliver solutions to Microsoft's partners around the world while reducing carbon footprint and delivering innovative brand protection through unique physical and digital technologies.
De La Rue has also been awarded contracts for digital tax stamp schemes with two Tier 1 countries, demonstrating its continued growth in the Government Revenue Solutions market.
These contract wins are in line with De La Rue management Turnaround Plan expectations.
De La Rue plc's LEI code is 213800DH741LZWIJXP78.
Enquiries:
| De La Rue plc | +44 (0) 7387 122645 |
| Clive Vacher | Chief Executive Officer |
| Rob Harding | Chief Financial Officer |
| Matthew Rose
| Director of Tax, Treasury and Investor Relations
|
| Brunswick | +44 (0)207 404 5959 |
| Stuart Donnelly |
|
| Ed Brown |
|
Cautionary note regarding forward-looking statements
This announcement includes statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "anticipates", "expects", "intends", "plans", "goal", "target", "aim", "may", "will", "would", "could" or "should" or, in each case, their negative or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this announcement and include statements regarding the intentions, beliefs or current expectations of the directors, De La Rue or the Group concerning, amongst other things, the results of operations, profitability, financial condition, liquidity, prospects, growth and strategies of De La Rue and the industry in which it operates.
By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future and may be beyond De La Rue's ability to control or predict. Forward-looking statements are not guarantees of future performance. The Group's actual results of operations, profitability, financial condition, liquidity, prospects, growth and/or strategy and the development of the industry in which it operates may differ materially from the impression created by the forward-looking statements contained in this announcement. In addition, even if the results of operations, profitability, financial condition, liquidity, prospects, growth and/or strategy of the Group and the development of the industry in which it operates are consistent with the forward-looking statements contained in this announcement, those results or developments may not be indicative of results or developments in subsequent periods.
Other than in accordance with its legal or regulatory obligations, De La Rue does not undertake any obligation to update or revise publicly any forward-looking statement, whether as a result of new information, future events or otherwise.
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