REG - Westminster Group - Update on Broker

WestminsterAnnouncement

06/08/2019 11:25

RNS Number : 0993I
Westminster Group PLC
06 August 2019
 


 
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014
 
Westminster Group Plc
('Westminster', the 'Group' or the 'Company')
Update on Broker
The Board of Westminster has noted from the news story published on the Financial Conduct Authority ("FCA") website on 5 August 2019, that the directors of SVS Securities Plc ("SVS") have placed SVS into Special Administration. The FCA's announcement disclosed that the FCA has imposed requirements requiring SVS to cease all regulated activities and restricting it from disposing of its own or its clients' assets.  SVS was a joint broker to Westminster however as a result of these developments, SVS will no longer be able to provide broking services to the Company.
SP Angel Corporate Finance LLP will continue to act as a sole broker to Westminster.
 
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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