REG - Westminster Group - New Contracts for Global Client - worth over $1m

WestminsterAnnouncement

02/10/2024 07:00

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RNS Number : 5530G  Westminster Group PLC  02 October 2024

 

 

02 October 2024

 

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Westminster Group Plc

('Westminster', the 'Group' or the 'Company')

 

New Security Contracts for Global Client - worth over $1million

Westminster Group Plc (AIM: WSG), a leading supplier of managed services and
technology-based security solutions worldwide, is pleased to announce that it
has been selected to provide a range of security services to a major
international services organisation ("Customer"), under individual contract
awards.

 

The Customer provides services to governmental clients in over 90 countries
around the world. The Company has secured several contracts with a combined
value of over $1.2million, including a contract to provide comprehensive
security concierge services on an annual basis across a number of prominent
sites in the United Kingdom starting at circa £650,000 per annum in the first
year.  The Company is additionally in discussions regarding security
solutions for some of the Customer's sites elsewhere in the world, which we
hope will result in additional contracts.

 

Commenting on the contract awards, Westminster's Chief Executive
Officer, Peter Fowler, said:

 

"I am delighted to be able to announce contract services for this important
new global client and we anticipate, with our global reach, we will be able to
assist them with equipment and services at their many other locations around
the world.

 

"These  contracts mark a strategic expansion of Westminster Group's recurring
revenue, service portfolio and underscores our commitment to delivering
high-quality, customer-focused security and support solutions. Our dedicated
teams will ensure the highest standards of service, enhancing the experience
and safety of all visitors and residents at these locations.

 

"We look forward to the successful implementation of these contracts and to
the positive impact our services will have across these sites."

 

Notice of Results

 

Further to its announcement on 13 December 2023, the Company expects that, in
line with Board scheduling, its audited results for the 18-month period ending
30 June 2024 will now be announced in early November 2024.

 

 

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

 Strand Hanson Limited (Financial & Nominated Adviser)
 James Harris                                                 020 7409 3494
 Ritchie Balmer

 Richard Johnson

 Zeus Capital Limited (Broker)                                020 3829 5000

 Louisa Waddell

 Simon Johnson

 Walbrook (Investor Relations)
 Tom Cooper                                                   020 7933 8780
 Joe Walker
 Nick Rome                                                    Westminster@walbrookpr.com (mailto:Westminster@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 (including Fever 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.

 

The Westminster Group Foundation is part of the Group's Corporate Social
Responsibility activities. www.wg-foundation.org
(http://www.wg-foundation.org)

 

The Foundation's goal is to support the communities in which the Group
operates by working with local partners and other established charities to
provide goods or services for the relief of poverty and the advancement of
education and healthcare particularly in the developing world.

 

The Westminster Group Foundation is a Charitable Incorporated Organisation,
CIO, registered with the Charities Commission number 1158653.

 

 

 

 

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