Less Ads, More Data, More Tools Register for FREE

Pin to quick picksWestminster Group Regulatory News (WSG)

  • This share is currently suspended. It was suspended at a price of 0.85
  • There is currently no data for WSG

New Tema Container Port Update

17 Jul 2019 07:00

RNS Number : 7525F
Westminster Group PLC
17 July 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, is pleased to provide an update on its operations at the new Tema Container Port, Ghana

The new Tema Container Port is a $1.5billion US Dollar investment project by Meridian Port Services ('MPS'), expanding the port's capacity from 1 million Twenty-foot Equivalent Units ('TEU') pa to over 3.5 million p.a., creating a world-class container port operation.

In the Company's AGM Statement released on 18 June 2019, it was announced that Scanport Ltd. had received a Letter of Intent ('LoI') with MPS acknowledging Westminster as the Technical Partner regarding a contract to manage, operate, maintain and upgrade, as necessary, the container screening services at the new Tema Container Port setting out the preliminary terms regarding the appointment and scope of work and that negotiations were underway towards concluding a contract within the 30-day exclusivity period.

Whilst formal contracts have not yet been finalised, the Scanport-Westminster partnership is the sole appointed contractor for scanning operations at the new port and has established a full scanning operation both at the primary scanning stations at the import and export gates and also secondary screening services at the intensive search area for physical inspections; in total employing around 50 personnel with another 124 applicants undertaking induction and x-ray training by Westminster specialists. The LoI is therefore being extended for a further period to allow for the definitive contract to be finalised with MPS.

The first phase of the port expansion project was formally opened for business on Friday 28 June 2019 and the first two trial vessels have been successfully processed as all operations, including screening, at the port are tested to iron out any teething issues. The scanning services have performed well and are now operational 24/7 with around 2,000 containers screened by us to date.

Following successful operations across the port, it is expected that activity will continue to ramp up during the coming months as more and more vessels move to the new port.

Further details will be announced in due course.

 

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 & Joint Broker)

 

Stuart Gledhill

020 3470 0470

Caroline Rowe

 

 

 

SVS Securities PLC (Joint Broker)

 

 Elliot Hance

 

 

020 3700 0100

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.

 

 

 

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.
 
END
 
 
UPDFMGMNNVGGLZM
Date   Source Headline
13th Jul 20207:00 amRNSTrading Update & Notice of Results
30th Jun 20207:00 amRNSTotal Voting Rights
25th Jun 202011:45 amRNSResult of AGM
25th Jun 20207:00 amRNSAGM Statement & Investor Webinar
18th Jun 20202:05 pmRNSSecond Price Monitoring Extn
18th Jun 20202:00 pmRNSPrice Monitoring Extension
5th Jun 202011:00 amRNSPrice Monitoring Extension
3rd Jun 20207:00 amRNSFever Screening Trials at Stockholm Airport
2nd Jun 20205:00 pmRNSCLN Conversion & TVR
2nd Jun 20207:00 amRNSAnnual Financial Report & Notice of AGM
26th May 20202:06 pmRNSSecond Price Monitoring Extn
26th May 20202:00 pmRNSPrice Monitoring Extension
26th May 20207:00 amRNS$665k Fever Detection Deal with Global Inv Mgmt Co
18th May 20207:00 amRNSWSG Aviation Training graded as Outstanding by CAA
15th May 20207:00 amRNSPurchase of Shares by Directors
14th May 202011:05 amRNSSecond Price Monitoring Extn
14th May 202011:00 amRNSPrice Monitoring Extension
14th May 20207:00 amRNSFinal Results
11th May 20201:01 pmRNSHolding(s) in Company
11th May 20201:00 pmRNSHolding(s) in Company
11th May 20209:05 amRNSSecond Price Monitoring Extn
11th May 20209:00 amRNSPrice Monitoring Extension
4th May 202011:05 amRNSSecond Price Monitoring Extn
4th May 202011:00 amRNSPrice Monitoring Extension
30th Apr 20207:00 amRNSTotal Voting Rights
29th Apr 20203:01 pmRNSChange of release date of Annual Report & Accounts
29th Apr 20202:05 pmRNSSecond Price Monitoring Extn
29th Apr 20202:00 pmRNSPrice Monitoring Extension
27th Apr 20204:41 pmRNSSecond Price Monitoring Extn
27th Apr 20204:36 pmRNSPrice Monitoring Extension
27th Apr 20209:05 amRNSSecond Price Monitoring Extn
27th Apr 20209:00 amRNSPrice Monitoring Extension
2nd Apr 20201:58 pmRNSHolding(s) in Company
2nd Apr 20201:57 pmRNSHolding(s) in Company
1st Apr 20207:00 amRNSCoronavirus and Business Update
31st Mar 20207:00 amRNSExtension of Convertible Loan Notes
18th Mar 20207:00 amRNSCoronavirus Update
16th Mar 20207:00 amRNSCoronavirus Update
12th Mar 20207:00 amRNSGhana Screening Project Update
24th Feb 20207:00 amRNSRedemption of CSLN
31st Jan 20207:00 amRNSTrading Update, Notice of Results & TVR
29th Jan 20202:30 pmRNSHolding(s) in Company
29th Jan 20202:29 pmRNSHolding(s) in Company
23rd Jan 20207:00 amRNSFinancing Facility & Repayment of CLN
31st Dec 20197:00 amRNSTotal Voting Rights
19th Dec 20197:00 amRNSTrading Update and Exercise of Warrants
21st Nov 201911:21 amRNSDirectorate Change
18th Nov 20197:00 amRNSStmnt re Share Price Movement
28th Oct 20194:00 pmRNSSir Malcolm Ross
18th Sep 20197:00 amRNSUpdate New Tema Container Port Project Ghana

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.