REG - Westminster Group - Stmnt re Share Price Movement

WestminsterAnnouncement

18/11/2019 07:05

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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