Last checked at 12 Mar 2020 07:00
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED IN ARTICLE 7 OF THE MARKET ABUSE REGULATION NO. 596/2014 ("MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN
Westminster Group Plc
('Westminster', the 'Group' or the 'Company')
Ghana Screening Project Update
Westminster Group Plc (AIM: WSG), a leading supplier of managed services and technology-based security solutions worldwide, is pleased to report that the main contract (Contract) relating to the container screening project at Tema Port, Ghana, which Westminster has been operating since July 2019, has now been signed between Meridian Port Services and Scanport, confirming Westminster as the Technical Partner for the duration of the Contract and arrangements are now being made for a Westminster director to travel to Ghana to finalise the associated Scanport-Westminster contract. The Contract is for a renewable 5-year term. As previously announced the signing of these contracts had been delayed due to unrelated issues and have been considered a formality given Scanport and Westminster were appointed and operational from the Port opening in 2019.
We are also pleased to report that container volumes and revenues relating to the project continue to increase with the daily averages so far in 2020 being a 59% increase on the 2019 daily average and we expect volumes to increase further during 2020 as the port continues to expand and the third and fourth berths become operational.
Further details will be provided in due course.
For further information please contact:
Westminster Group Plc | Media enquiries via Walbrook PR |
Rt. Hon. Sir Tony Baldry - Chairman |
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Peter Fowler - Chief Executive Officer |
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Mark Hughes - Chief Financial Officer |
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S. P. Angel Corporate Finance LLP (NOMAD & Broker) |
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Stuart Gledhill | 020 3470 0470 |
Caroline Rowe |
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Walbrook (Investor Relations) |
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Tom Cooper | 020 7933 8780 |
Paul Vann |
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Nick Rome | Westminster@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.