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IN BRIEF: Shearwater shares jump with £21 million contract

ALN

Shearwater Group PLC - London-based cybersecurity services provider - Says subsidiary Brookcourt Solutions Ltd secured ‘significant’ new contract with potential value of up to £21.0 million with an unnamed telecommunications and media company. The initial, secured value of the contract is £12.9 million, across an initial three-year term, with the option to extend by a further two years for a total additional value of about £8.0 million. Says Brookcourt Solutions will provide forensic monitoring solutions, support, maintenance, training and managed services to the customer.

Current stock price: 136.25 pence, up 24% on Wednesday

12-month change: down 0.2%

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