The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Security and cleaning provider Millennium has gained three new contracts at New Zealand shopping centres
  • The client remains anonymous, but is referred to as a blue chip ASX-listed company
  • Additionally, Millennium has extended two of its contracts by five years
  • For this particular client, the company provides services at 30 of its locations in Australia and New Zealand
  • Millennium’s share price is up 14.55 per cent today, currently sitting at 32 cents per share

Security and cleaning service provider Millennium has locked in three new contracts and received extensions for two as it expands its New Zealand presence.

Millennium hasn’t revealed the name of its contractor, but refers to it as a blue chip company listed on the Australian Securities Exchange.

The contract extensions are by five years each and bring the total contract value to $41.3 million. They will commence on November 1, 2019.

“This new contact demonstrates our client’s confidence in Millennium’s ability to quickly mobilise a strong, professional team that delivers quality outcomes and reflects our shared long-term commitment to providing excellent service delivery,” company CEO Darren Boyd said.

Under the agreement, Millennium will now provide cleaning services and three large-scale shopping centres in New Zealand. This is in addition to the previous two sites under the extended contracts.

“Millennium has forged a strong relationship with this valued client and we are proud to partner with them as they continue to grow and deliver exceptional customer experiences to the New Zealand market,” Darren said.

For this client alone, the company is providing services at 30 of its locations across Australia and New Zealand.

Millennium’s share price is up 14.55 per cent today, currently sitting at 32 cents apiece at 12:18 pm AEDT.

MIL by the numbers
More From The Market Online

Fed keeps rates on hold, with downward pressure on inflation still the focus

The United States Federal Reserve on Wednesday cited inflation concerns as its main reason for keeping…

Arafura jumps 60% after Canberra provides $800M to NT REE play

Arafura has posted a jump of 66 percent in share value after securing federal government funding…

Pacific Current (ASX:PAC) completes divestment of GQG Partners’ shares

Pacific Current Group has announced its subsidiary Northern Lights Midco has sold its Chess depository interests…

Income Asset Management (ASX:IAM) boosts its A-team

Emerging financials stock Income Asset Management (ASX:IAM) has internally promoted a long-time CPA to head of…