Coronavirus Update

RNS Number : 1778G

Westminster Group PLC

16 March 2020

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED IN ARTICLE 7 OF THE MARKET ABUSE REGULATION NO. 596/2014 ("MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN  

Westminster Group Plc

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

Coronavirus Update

Westminster Group Plc (AIM: WSG), a leading supplier of managed services and technology-based security solutions worldwide, wishes to provide an update on the current effects of Coronavirus on the business.

From the outset of the Coronavirus (COVID-19) pandemic, Westminster established contingency plans, processes and put policies in place to limit, as much as possible, any impact on its people, customers and operations. Thankfully, to date we have only suffered minor disruption to our travel and activities. Our West African airport operations have not yet suffered any downturn; indeed, passenger numbers continue to be at record levels. We continue to monitor the situation accordingly.

Westminster is a recognised provider of security and safety screening equipment and has previously supplied fever screening equipment during epidemics such as Ebola and Bird Flu, to various countries around the world but nothing on the scale we are now seeing. So far in 2020 we have dealt with over 500 enquiries from all over the world for fever detection and associated equipment, resulting in sales of approximately $720,000 USD, by comparison we had no such enquiries in 2019.

We are currently handling an average of 28 enquiries per day and our teams are working hard to support our customers in these difficult times particularly with the potential disruption to supply chains and demand exceeding our suppliers manufacturing capacity in certain items. Given the dynamic situation in respect of the response to the current Coronavirus pandemic it is difficult to forecast future demand however we consider that the supply of fever screening and associated equipment will represent a material element of our business during the current financial period. 

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
Nick Rome	[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 (including fever 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.

 

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