Last checked at 18 Sep 2019 07:00
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, wishes to provide an update on its operations at the new Container Port, Terminal 3, Tema, Ghana.
As previously reported the Scanport Westminster partnership, is 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 ('MPS').
The various contractual arrangements between all the different parties, MPS, Scanport, Westminster and support contractors, are agreed in principle and Westminster is pleased with the outcome. Contracts are due to be signed once certain financial arrangements between MPS and the port authorities have been put in place, which are in the process of being finalised.
Screening and search operations have been in place since Terminal 3 opened on 28 June 2019 and payments on account to Scanport and Westminster for work undertaken are being made, whilst awaiting final contracts execution.
The Company will update the market further on this important managed services contract once the contracts are signed.
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 | 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.