Westminster Group PLC Stmnt re Share Price Movement (6585T)
November 18 2019 - 1:00AM
UK Regulatory
TIDMWSG
RNS Number : 6585T
Westminster Group PLC
18 November 2019
Westminster Group Plc
('Westminster', the 'Group' or the 'Company')
Share Price Movement
Westminster Group Plc (AIM: WSG), a leading supplier of managed
services and technology-based security solutions worldwide, notes
the recent increase in the Company's share price which the Company
believes to be associated with recent articles in the Ghanaian
press regarding the ongoing discussions concerning certain
financial arrangements between Meridian Port Services ('MPS') and
the Ghana Ports and Harbours Authority ('GPHA').
On 18 September 2019 the Company reported that the Scanport
Westminster partnership, the sole appointed contractor for the
x-ray screening and secondary search operations of containers
passing through the new Tema Container Port (Terminal 3), a $1.5
billion US Dollar investment project by Meridian Port Services, was
receiving payments on account for work undertaken, whilst awaiting
formal signing of contracts to be completed once certain financial
arrangements between MPS and GPHA had been put in place.
The Company is pleased to note that the ongoing discussions
between Meridian Port Services and the Ghana Ports and Harbours
Authority are reported to have made significant progress and are
close to being finalised.
The Company will update the market further on this managed
services contract once the contracts are signed.
For further information please contact:
Westminster Group Plc Media enquiries via Walbrook
PR
Rt. Hon. Sir Tony Baldry - Chairman
Peter Fowler - Chief Executive Officer
Mark Hughes - Chief Financial Officer
S. P. Angel Corporate Finance LLP (NOMAD
& Broker)
Stuart Gledhill 020 3470 0470
Caroline Rowe
Walbrook (Investor Relations)
Tom Cooper 020 7933 8780
Paul Vann 0797 122 1972
tom.cooper@walbrookpr.com
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
ongoing 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 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.
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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