Westminster Group PLC AGM Statement (4713J)
June 29 2017 - 1:00AM
UK Regulatory
TIDMWSG
RNS Number : 4713J
Westminster Group PLC
29 June 2017
Westminster Group Plc:
AGM Statement
Westminster Group Plc ('Westminster', the 'Group' or the
'Company'), the AIM listed supplier of managed security services
and technology based security solutions to governments and
government agencies, non-governmental organisations (NGOs) and blue
chip commercial organisations worldwide, will hold its Annual
General Meeting today at 11am at the offices of Moore Stephens LLP,
150 Aldersgate Street, London, EC1A 4AB. At the meeting,
Westminster's Chief Executive, Peter Fowler, will provide
shareholders with the following update:
"In the 2016 Annual Report issued on 5(th) June 2017 I was
pleased to report that our business is now in a better position
than it has been for some time as we continue to expand our
international presence including the establishment of subsidiaries
and an operational office in Germany which will provide strategic
support for our projected growth.
"A defining and key focus for the Group in recent months has
been on closing the long term Middle East project opportunity which
is expected to result in revenues in excess of GBP35m per annum. I
am pleased to report that we have made substantial progress with
this complex project. Following extended discussions over recent
months around the scope of works, preparations are now being made
for certain Board members and myself to travel to the country
concerned for what we hope will be final negotiations, although
with complex projects of this nature there can never be certainty
as to timing or outcome. We expect to provide an update on
developments in the near future.
"Airport security solutions and our experience in the sector
represent a significant growth opportunity for the Group and we
continue to progress a number of long term prospects, both those
under existing MoUs and others that are at an early stage.
"As I mentioned in our 2016 Annual Report, we have an
opportunity to achieve unprecedented growth from the many prospects
and initiatives we are pursuing, any one of which could be
transformational for the Group, and the Board and I remain
committed to delivering on this potential."
For further information, please contact:
Westminster Group Plc Via Walbrook PR
Rt. Hon. Sir Tony Baldry - Chairman
Peter Fowler - Chief Executive Officer
Martin Boden - Chief Financial Officer
S. P. Angel Corporate Finance LLP (NOMAD & Joint Broker)
Stuart Gledhill 020 3470 0470
Lindsay Mair
Beaufort Securities Limited (Joint Broker) 020 7382 8300
Elliiot Hance
Walbrook (Investor Relations) 020 7933 8780
Tom Cooper 0797 122 1972
Paul Vann
Notes:
Westminster Group plc is a specialist security and services
group operating worldwide via an extensive international network of
agents and offices in over 50 countries.
Westminster's principal activity is the design, supply and
on-going support of advanced technology security solutions,
encompassing a wide range of surveillance, detection, tracking and
interception technologies and the provision of long-term managed
services contracts such as the management and running of complete
security services and solutions in airports, ports and other such
facilities together with the provision of ferry services, manpower,
consultancy and training services. The majority of its customer
base, by value, comprises governments and government agencies,
non-governmental organisations (NGO's) and blue chip commercial
organisations.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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