Westminster Group PLC Stmnt re Share Price Movement (6585T)

TIDMWSG

RNS Number : 6585T

Westminster Group PLC

18 November 2019

Westminster Group Plc

('Westminster', the 'Group' or the 'Company')

Share Price Movement

Westminster Group Plc (AIM: WSG), a leading supplier of managed services and technology-based security solutions worldwide, notes the recent increase in the Company's share price which the Company believes to be associated with recent articles in the Ghanaian press regarding the ongoing discussions concerning certain financial arrangements between Meridian Port Services ('MPS') and the Ghana Ports and Harbours Authority ('GPHA').

On 18 September 2019 the Company reported that the Scanport Westminster partnership, 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, was receiving payments on account for work undertaken, whilst awaiting formal signing of contracts to be completed once certain financial arrangements between MPS and GPHA had been put in place.

The Company is pleased to note that the ongoing discussions between Meridian Port Services and the Ghana Ports and Harbours Authority are reported to have made significant progress and are close to being finalised.

The Company will update the market further on this 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 
Peter Fowler - Chief Executive Officer 
Mark Hughes - Chief Financial Officer 
 
S. P. Angel Corporate Finance LLP (NOMAD 
 & Broker) 
Stuart Gledhill                            020 3470 0470 
Caroline Rowe 
 
Walbrook (Investor Relations) 
Tom Cooper                                 020 7933 8780 
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 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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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November 18, 2019 02:00 ET (07:00 GMT)