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Contract Wins and Joint Ventures

De La Rue clinches deal for new £20 notes

05 October 2017 08:26

De La Rue has been awarded a 10-year contract by the Bank of England to supply the base material for its new polymer £20 notes.

De La Rue already has the contract to design and print the notes, which will be issued in 2020.

Under the terms of the contract, De La Rue will supply the Bank of England its Safeguard polymer substrate for 25% of the first call-off volume.

De La Rue said that based on estimated timings, production for this contract was expected to commence in the financial year of FY18-19.

At 8:26am: (LON:DLAR) De La Rue PLC share price was +8.25p at 658.75p

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Related Company: DLAR

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