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G4s Regulatory News (GFS)



Regulatory News for G4s (GFS)


Share Price: 251.00Bid: 251.00Ask: 251.30Change: 1.90 (+0.76%)Riser - G4s
Spread: 0.30Spread as %: 0.12%Open: 249.40High: 251.90Low: 248.788Yesterday’s Close: 249.10





Statement re Update on Olympic Games Security Contract

Tue, 24th Jul 2012 11:34

24 July 2012

G4S PLC

Update on Olympic Games Security Contract

G4S notes the announcement today that Ministers have decided to mobilise the
additional 1,200 troops which had previously been put on standby in order to
supplement the security workforce deployment for the Olympic Games.  The
security of the Games is the primary focus and therefore we understand the
decision by Ministers to activate the additional contingency resource as a
further precaution at this stage of the process.

We have made very good progress in the last few days and, in line with the
revised deployment plan submitted to LOCOG, currently have around 5,800 security
personnel deployed at Olympic venues.  Significant numbers of candidates are now
reaching the final stages of the training and accreditation process each day and
we are working hard to ensure that we deliver on the commitments we made to
LOCOG last week.

We are grateful to the military for their support in securing the Olympic and
Paralympic Games and will continue to work with them and LOCOG to ensure that
the Games are safe and secure.

As we have announced previously, G4S has undertaken to cover the additional
costs relating to the military deployment and believes that, including the
deployment of the additional 1,200 troops, the overall losses to be incurred on
the contract will remain within the previously stated estimate of £35m - £50m.

For further enquiries, please contact:
Helen Parris - Director of Investor Relations   +44 (0) 1293 554400
G4S

Media enquiries:
Adam Mynott - Director of Media Relations +44 (0) 1293 554400
G4S

David Allchurch +44 (0) 207 353 4200
Ed Orlebar
Michael Huberts
Tulchan

Notes to Editors:

G4S plc

G4S is the world's leading secure outsourcing group, specialising in outsourcing
of business processes in sectors where security and safety risks are considered
a strategic threat.

G4S is the largest employer quoted on the London Stock Exchange and has a
secondary stock exchange listing in Copenhagen.  G4S has operations in more than
125 countries and over 657,000 employees.

For more information on G4S, visit www.g4s.com.

This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: G4S plc UK DK via Thomson Reuters ONE
[HUG#1628858]


Related Shares: G4S (GFS).




DateSourceHeadlineCategory
13-May-13 15:28ONEG4S plc UK DK : Director/PDMR ShareholdingResults and Trading Reports
07-May-13 07:03ONEG4S plc UK DK : Interim Management StatementCompany Announcement - General
26-Apr-13 16:02ONEStatement re Change of Director's DetailsCompany Announcement - General
17-Apr-13 15:48ONEG4S plc UK : Holding(s) in CompanyResults and Trading Reports
17-Apr-13 14:53ONEG4S plc UK DK : Director/PDMR ShareholdingResults and Trading Reports
16-Apr-13 14:17ONEG4S plc UK DK : Director/PDMR ShareholdingResults and Trading Reports
15-Apr-13 15:46ONEG4S plc UK : Holding(s) in CompanyResults and Trading Reports
15-Apr-13 09:25ONEG4S plc UK : Annual Financial ReportCompany Announcement - General
28-Mar-13 12:39ONEG4S plc UK DK : Director/PDMR ShareholdingResults and Trading Reports
28-Mar-13 12:36ONEG4S plc UK DK : Director/PDMR ShareholdingResults and Trading Reports
28-Mar-13 10:50ONEG4S plc UK : Holding(s) in CompanyResults and Trading Reports
26-Mar-13 15:34ONEStatement re Change to Date of Capital Markets DayCompany Announcement - General
26-Mar-13 11:43ONEG4S plc UK : Holding(s) in CompanyResults and Trading Reports
25-Mar-13 10:11ONEStatement re Change of Director's DetailsCompany Announcement - General
19-Mar-13 15:46ONEG4S plc UK : Holding(s) in CompanyResults and Trading Reports
19-Mar-13 10:03ONEG4S plc UK DK : Director/PDMR ShareholdingResults and Trading Reports
14-Mar-13 10:48ONEG4S plc UK : Holding(s) in CompanyResults and Trading Reports
13-Mar-13 07:01ONEG4S plc UK DK : Directorate changeCompany Announcement - General
13-Mar-13 07:00ONEG4S plc UK DK : Annual Financial ReportCompany Announcement - General
05-Mar-13 12:00ONEG4S plc UK DK : DisposalTransaction in Own Shares
04-Dec-12 17:31ONEG4S plc and G4S International Finance plc - Publication of Final TermsCompany Announcement - General
03-Dec-12 14:49ONEG4S plc UK : Holding(s) in CompanyHolding(s) in Company
21-Nov-12 15:02ONEG4S plc UK : Holding(s) in CompanyHolding(s) in Company
20-Nov-12 09:31ONEG4S plc: Bond Terms - UpdateCompany Announcement - General
13-Nov-12 12:41ONEG4S plc UK : Holding(s) in CompanyHolding(s) in Company
06-Nov-12 07:01ONEG4S plc UK DK : Interim Management StatementCompany Announcement - General
01-Nov-12 14:38ONEG4S plc UK : Holding(s) in CompanyHolding(s) in Company
19-Oct-12 14:02ONEG4S plc UK : Holding(s) in CompanyHolding(s) in Company
05-Oct-12 09:00ONEG4S plc UK DK : AcquisitionMergers, Acquisitions and Disposals
28-Sep-12 07:10ONEStatement re Review of London Olympic and Paralympic Games Security ContractCompany Announcement - General


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