Panoply scores 'significant' contracts with HM Land Registry

Panoply said on Thursday that the two contracts were awarded following separate bids placed on the Government's digital marketplace and were worth a value of up to £3.2m and £1.6m, respectively.

The AIM-listed group added that the contracts were already accounted for in forecasts and were expected to be up to 24-months long.

Chief executive Neal Gandhi said: "To win both bids and secure contracts worth up to £4.8m shows that our approach of bringing together experts across the full spectrum of digital transformation services is resonating with clients.

"This is our second contract win worth more than £4m so far this financial year and it is in addition to the £13m in new contract wins announced in the trading update issued on July 21 2020. The win gives us further confidence in our forecasts for the current financial year."

As of 1040 BST, Panoply shares were up 17.42% at 140.90p.