Brexit

RNS Number : 2429C

Westminster Group PLC

24 June 2016

 

24 June 2016

Westminster Group Plc:

Brexit

Westminster Group Plc ('Westminster' 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 believes that the UK's decision to leave the EU will have little material effect on the Company's business.

The Company's business and major value creation opportunities are predominantly focussed on high growth and emerging markets outside of the Eurozone, such as Africa, the Middle East and Asia. As much of the Company's current revenues are in USD, including airline receipts, they more than cover any USD linked expenditure and the Company therefore expects that any reduction in the value of Sterling will have a positive impact on Sterling reported results. The Company also adopts appropriate hedging strategies as necessary.

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 leader in the supply of system solutions and products to the security, defence, fire protection and safety markets worldwide.

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  

 

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