REG - Westminster Group - Update New Tema Container Port Project Ghana
RNS Number : 6744MWestminster Group PLC18 September 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 New Tema Container Port Project, Ghana
Westminster Group Plc (AIM: WSG), a leading supplier of managed services and technology-based security solutions worldwide, wishes to provide an update on its operations at the new Container Port, Terminal 3, Tema, Ghana.
As previously reported the Scanport Westminster partnership, is 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 ('MPS').
The various contractual arrangements between all the different parties, MPS, Scanport, Westminster and support contractors, are agreed in principle and Westminster is pleased with the outcome. Contracts are due to be signed once certain financial arrangements between MPS and the port authorities have been put in place, which are in the process of being finalised.
Screening and search operations have been in place since Terminal 3 opened on 28 June 2019 and payments on account to Scanport and Westminster for work undertaken are being made, whilst awaiting final contracts execution.
The Company will update the market further on this important 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
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.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.ENDUPDUBUNRKRAKAAR
Recent news on Westminster
See all newsREG - Westminster Group - Purchase of Shares by Director
AnnouncementREG - Westminster Group - Director Share Purchase
AnnouncementREG - Westminster Group - £1.5m Convertible Loan Note Agreement
AnnouncementREG - Westminster Group - Signing of 10+ year 5 airport DRC contract
AnnouncementREG - Westminster Group - Interim Results
Announcement