Ann: Execution of Contract with Virgin Care Limited, page-4

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Rision signs first big contract

ASX-listed recruitment technology company Rision has signed UK-based Virgin Care Limited to a five-year contract using its rostering platform.

The deal is the company's first "major sustained revenues" and follows a successful trial, it told the ASX today.

Under the contract, Virgin Care will pay £0.50 ($A xx) per person per week using the platform, and it precludes Rision from working with any other health organisation in the UK provided Virgin Care's expenditure exceeds £15k in the first year and £50k in years two through five.

Rision has recently undergone a review and restructure following last year's board spill in an effort to reduce unsustainable spending.

Shares were trading at eight cents at publication time.