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SGD Snowline Gold Corp

5.14
0.00 (0.00%)
25 Nov 2024 - Closed
Delayed by 15 minutes
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% 5.14 5.16 5.21 69 20:58:09

Acquisition

20/06/2003 6:00pm

UK Regulatory


RNS Number:6095M
SectorGuard PLC
20 June 2003


                SectorGuard Plc ('SectorGuard' or 'the Company')

            ACQUISITION OF FIRST RESPONSE SECURITY SERVICES LIMITED

Overview:

   *Acquires First Response Security Services Ltd

   *Increases enlarged Group turnover by #1.4 million

   *Fourth acquisition in 2003

   *Part of SectorGuard's active on-going expansion strategy

SectorGuard Plc, the AIM listed manned guarding provider has acquired First
Response Security Services Limited ("First Response") for an initial payment of
#150,000 in cash. Further consideration will be payable over the next 12 months
dependant on the performance of the acquired contracts.

First Response, which has a #1.4 million turnover, provides comprehensive manned
guarding services to businesses and landmark buildings in London and the
Midlands. The deal, which follows the acquisition of London Alliance Contract
Service, expands SectorGuard's profile and enhances its corporate offering.

SectorGuard Chief Executive David Marks said: "First Response has a solid
reputation of providing high quality security services. This acquisition, our
fourth this year, complements our core offering, increases our range of blue
chip contracts, provides further critical mass in the London market and builds
up our growing presence in the Midlands.

"We remain committed to our business model of building a company through
acquisition and organic growth. There are many smaller privately run manned
guarding outfits in the UK whose clients and staff would benefit greatly from
being associated with a larger and more centralised organisation. As a result we
continue to explore other opportunities, to build a company that provides
comprehensive and competitive manned guarding solutions nationally."

SectorGuard, founded in 1998, supplies manned guarding solutions for an
expanding range of clients including Shell International, The Bank of America,
The International Press Centre, the London Borough of Camden, CGNU 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
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