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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Snowline Gold Corp | CSE:SGD | CSE | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 5.50 | 4.00 | 5.50 | 80 | 01:00:00 |
RNS Number:4905K SectorGuard PLC 29 April 2003 SectorGuard Plc (or 'the Group') Acquisition Overview: *Acquires manned guarding business of London Alliance Contract Services *Increases the Group's turnover by #4.2 million and strengthens position in London *In talks with other potential nationwide acquisition targets SectorGuard Plc, the AIM listed manned guarding provider has acquired the manned guarding business of London Alliance Contract Services Ltd ('London Alliance') for an initial payment of #500,000 in cash. Further consideration will be payable over the next 12 months dependant on the performance of the acquired contracts. London Alliance has a solid client base predominately within the Greater London area. It has a #4.2 million turnover and provides comprehensive manned guarding services in a number of areas including large corporations, Local Authorities, and Charities. Clients include Royal & Sun Alliance Plc, Heron Group Plc, Crown Estates, the London Borough of Brent and Barnardos. SectorGuard Chief Executive David Marks said: "This acquisition, our third and largest since the beginning of 2003, significantly increases our presence in central London and cements our position as a leading provider of manned guarding solutions in the region. The deal expands our client base significantly and will help solidify our reputation in the South East. Alliance has many blue chip clients such as Royal & Sun Alliance and Heron, which both enhances our general exposure and increases our credibility when attracting new business. "Our strategy remains to become a leading supplier of manned guarding solutions in the UK through organic growth and selective acquisitions. As a result we're constantly on the look out for new business opportunities that can increase our size, range of services and geographical spread. We have made a number of significant acquisitions over the last year and we're currently speaking to other potential targets and expect to make a further announcement soon." SectorGuard, founded in 1998, supplies manned guarding solutions for an expanding range of clients including Shell International, The Bank of America, the London Borough of Camden and Sun Life. Its services encompass static guards, mobile patrols and key holding and alarm response. ENDS Contacts: David Marks SectorGuard Plc Tel: 01279 724 777 Hugo de Salis/Isabel Crossley St Brides Media Tel: 020 7242 4477 This information is provided by RNS The company news service from the London Stock Exchange END ACQBGGDSDSDGGXC
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