REG - Newmark Security PLC - AGM Statement

Newmark SecurityAnnouncement

22/10/2024 07:00

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RNS Number : 0276J  Newmark Security PLC  22 October 2024

22 October 2024

 

Newmark Security plc

("Newmark", the "Company" or the "Group")

 

AGM Statement

 

Newmark Security plc (AIM: NWT), a leading provider of electronic and physical
security systems, is holding its Annual General Meeting ("AGM") today at 10:30
am (UK).

 

At the AGM, Maurice Dwek, Newmark Chairman, will make the following statement:

 

"Building on the success achieved last year, we are pleased to confirm that
the good progress has continued in the current financial year ending 30 April
2025 ("FY25"). The Group's pipeline of new business opportunities is
expanding, and we are excited to have embarked on our new five-year growth
plan. To support our objectives, we have made several strategic hires and
advanced our new product development.

 

"Approaching the end of the first half of FY25, Grosvenor's Human Capital
Management ("HCM") division has achieved further growth, driven by a strong
U.S. performance. Demand for Grosvenor's GT4 and lower-cost GT4-Lite devices
have been particularly strong, with orders for the latter helping to displace
its main low-cost clock competitor. GT Connect, the division's global
platform, is now processing over 1.1 million punch transactions per month and
has over 25,000 GT devices connected.

 

"Safetell has also made good progress in accordance with the five-year plan,
winning a series of new automatic door service customers, including a national
retailer and a housing trust.  It has also extended existing service
contracts with two of its largest banking customers and a major petrol
retailer. Whilst it has completed the installation of physical security at a
new major football stadium and the first stage of a substantial rollout of
retail screens for national convenience retailer, four projects that were
scheduled for H1 of FY25 are now set to be carried out in H2.

 

"As experienced last year, the later timings of new contracts and
implementations will lead to a greater proportion of the Group's revenue being
recognised in the second half. At this current juncture, the Board remains
confident in the full year outlook and achieving further growth."

 

 

 

 Newmark Security plc                                             Tel: +44 (0) 20 7355 0070

 Marie-Claire Dwek, Chief Executive Officer                       www.newmarksecurity.com (http://www.newmarksecurity.com/)

 Paul Campbell-White, Chief Financial Officer

 Allenby Capital Limited                                          Tel: +44 (0) 20 3328 5656

 (Nominated Adviser and Broker)

 James Reeve / Liz Kirchner / Lauren Wright (Corporate Finance)

 Amrit Nahal, Tony Quirke (Sales & Corporate Broking)

 

About Newmark Security plc

 

Newmark is a leading provider of electronic, software and physical security
systems that helps organisations protect human capital and provide safe spaces
seamlessly and securely.

 

From our locations in the UK and US, we operate through subsidiary businesses
positioned in specialist, high-growth markets.

 

We foster an open and inclusive work environment amongst our c.100 employees,
serving hundreds of blue-chip customers.

 

Our product portfolio consists of Human Capital Management and Access Control
Systems providing both hardware and software and Physical security
installations to various sectors.

 

Newmark Security plc is admitted to trading on AIM (AIM:NWT).

 

For more information, please visit: www.newmarksecurity.com
(https://newmarksecurity.com/)

 

Safe. Seamless. Secure

 

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