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Oil & Gas Services

Plexus Holdings contract worth £3m more than first expected

Plexus Holdings PLC (AIM:POS), the AIM-listed oil and gas engineering firm that has developed the POS-GRIP wellhead engineering method, has reported an increase in a major contract's value.

Initially announced in March at £5 million, the deal, with an unnamed customer, is now worth around £8 million.

The entire value of the transaction will be recorded in the financial year to 30 June 2024.