anybody know about the below?12 Aug 2020 16:10
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.