Westminster Group PLC Westminster Franchise - Nigeria (2789I)

TIDMWSG

RNS Number : 2789I

Westminster Group PLC

26 August 2016

26 August 2016

Westminster Group Plc:

Westminster Franchise - Nigeria

Westminster Group Plc ('Westminster', the 'Group' or the 'Company'), the AIM listed supplier of managed services and technology based security solutions to governments and government agencies, non-governmental organisations (NGO's) and blue chip commercial organisations worldwide has become aware of speculation regarding its Nigerian Franchise operation, Westminster Security Solutions Nigeria Ltd ("WSSN").

WSSN are currently advertising for security personnel for posting in various states in Nigeria however Westminster was not aware of any contracts having been awarded to WSSN and upon making enquiries to clarify the nature and timing of any such contracts have been advised that as part of the recommendations of Nigeria Security and Civil Defence Corps (NSCDC), a para-military agency of the Government of the Federal Republic of Nigeria responsible for the issuance of Private Guard Company (PGC) Licence, before security guards can be employed PGCs are expected to:

-- submit detailed personal history of persons aspiring to be recruited as security guards;

   --           obtain court endorsement of the declared history; 
   --           obtain guarantors' statement and 
   --           train such persons in conjunction with the NSCDC. 

This can be a time consuming process and can amount to administrative bottleneck in the case where guards are required to be deployed to clients' facilities at short notice.

As a result, WSSN have decided to reserve a pool of persons who will have satisfied the above requirements ready for possible deployment. The advert was therefore a proactive step on behalf of WSSN in readiness for potential private guarding contracts it is pursuing. Any equipment or training and related services required for such potential contracts would, under the terms of the franchise agreement with WSSN, be supplied through Westminster.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For further information please contact:

 
Westminster Group plc.                                      Tel: [phone] 
Peter Fowler (Chief Executive) 
Ian Selby (Chief Financial Officer) 
 
S. P. Angel Corporate Finance LLP (NOMAD & Broker)          Tel: [phone] 
Stuart Gledhill 
 
Walbrook PR (Financial PR)                                  Tel: [phone] 
Tom Cooper/Paul Vann                                             0797 122 1972 
                                                     [e-mail] 
 

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 ferry services, 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. For further information please visit www.wsg-corporate.com

This information is provided by RNS

The company news service from the London Stock Exchange

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August 26, 2016 08:54 ET (12:54 GMT)