Newmark Security PLC AGM Statement (2102R)

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RNS Number : 2102R

Newmark Security PLC

28 February 2023

28 February 2023

Newmark Security plc

("Newmark", the "Company" or the "Group")

AGM Statement

Newmark Security plc (AIM: NWT), a leading provider of electronic and physical security systems, will hold its Annual General Meeting ("AGM") today at 10:30 am (UK).

At the AGM, Maurice Dwek, Newmark Chairman, will make the following statement:

"The Board is pleased with the Group's return to profitability in the year to date. The Company entered FY23 with a strong sales pipeline driven by high-margin recurring income in the human capital management business.

"As we focus on the optimum product solutions to meet today's market demand, we are expanding our offering globally. We will continue select investments in product development and new workplace ecosystems to remain ahead of the market, increase the share of existing clients' wallets and tap into new markets where we see commercial opportunities.

"We are pleased with our business development in the UK market, where we have gained blue-chip clients and kept expanding our client base. With a strong balance sheet, adequate finance and an efficient organisational structure, we are well placed to continue growing, returning shareholder value".

For further information:

 
 Newmark Security Plc                          Tel: [phone] 
  Marie-Claire Dwek, Chief Executive Officer    0070 
  Paul Campbell-White, Chief Financial          www.newmarksecurity.com 
  Officer 
 Allenby Capital Limited (Nominated            Tel: [phone] 
  Adviser and Broker)                           5656 
 James Reeve / Lauren Wright (Corporate 
  Finance) 
  Amrit Nahal (Sales & Broking) 
 

About Newmark Security plc

Newmark is a leading provider of electronic, software and physical security systems that helps organisations protect human capital and provide safe spaces seamlessly and securely.

From our locations in the UK and US, we operate through subsidiary businesses positioned in specialist, high-growth markets.

We foster an open and inclusive work environment amongst our c.100 employees, serving hundreds of blue-chip customers.

Our product portfolio consists of Human Capital Management and Access Control Systems providing both hardware and software and Physical Security, installations and maintenance to various sectors.

Newmark Security plc is admitted to trading on AIM (AIM: NWT).

For more information, please visit: www.newmarksecurity.com

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February 28, 2023 02:00 ET (07:00 GMT)