Last checked at 29 Sep 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')
Significant Contract Award - UK Parliament
Westminster Group Plc (AIM: WSG), a leading supplier of managed services and technology-based security solutions worldwide, is pleased to announce that its Technology Division has been awarded a contract to replace and maintain the security screening equipment at the Palace of Westminster, informally known as the Houses of Parliament, together with the provision of other ancillary services.
The contract commencement date is the 1 October 2020 and the duration of contract is initially for 5 years, although this may be extended. The contract value will not exceed the maximum sum of £1.8 million, subject to what services are provided over the life of the contract. This contract was awarded after a lengthy tender process under which Westminster was rated highest out of all bidders, both technically and commercially.
The project includes the removal of existing systems and the installation and maintenance of new advanced X-Ray Screening and associated systems to screen people and baggage entering this iconic building, together with other ancillary services.
Given the nature of this contract and the services involved, further information is restricted.
Commenting on the contract award Westminster's Chief Executive Officer, Peter Fowler, said:
"As reported in our 2020 half year results, released on 14 August 2020, Westminster has not only successfully navigated the COVID-19 crisis but has continued its year on year double digit growth trajectory, with another 24% increase in revenues for H1 2020. We achieved this, in part, through our ability to secure and deliver complex security solutions and a wide range of security products to clients around the world, including many governments and large-scale organisations, such as the recently announced $665,000 contract for fever screening to a global investment management corporation's worldwide offices.
"However, whilst we operate worldwide, it is always pleasing to add to our growing portfolio of high-profile contracts nearer to home, which includes clients such as Holyrood, the Scottish Parliament and other government bodies. I am delighted therefore that Westminster has been selected to provide security screening and maintenance services to the Palace of Westminster, being the iconic home of the UK Parliament. I am equally delighted to have scored so highly in the assessment.
"With the Palace of Westminster being such an important building and the nature of the services involved, the project required careful planning and an innovative approach to the various challenges involved. Securing this latest high-profile contract is a testament to our agility, expertise and professionalism."
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 (including Fever 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.
The Westminster Group Foundation was formed in 2014 as an initiative of Westminster Group plc. during the West African Ebola Crisis.
The Foundation's goal is to support the communities in which the Group operates by working with local partners and other established charities to provide goods or services for the relief of poverty and the advancement of education and healthcare particularly in the developing world.
The Westminster Group Foundation is a Charitable Incorporated Organisation, CIO, registered with the Charities Commission number 1158653.