New Contracts for Global Client - worth over $1m

Westminster Group PLC

02 October 2024

 

 

02 October 2024

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED IN ARTICLE 7 OF THE MARKET ABUSE REGULATION NO. 596/2014 ("MAR") WHICH IS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, SUCH INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN

Westminster Group Plc

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

New Security Contracts for Global Client - worth over $1million

Westminster Group Plc (AIM: WSG), a leading supplier of managed services and technology-based security solutions worldwide, is pleased to announce that it has been selected to provide a range of security services to a major international services organisation ("Customer"), under individual contract awards.

The Customer provides services to governmental clients in over 90 countries around the world. The Company has secured several contracts with a combined value of over $1.2million, including a contract to provide comprehensive security concierge services on an annual basis across a number of prominent sites in the United Kingdom starting at circa £650,000 per annum in the first year.  The Company is additionally in discussions regarding security solutions for some of the Customer's sites elsewhere in the world, which we hope will result in additional contracts.

Commenting on the contract awards, Westminster's Chief Executive Officer, Peter Fowler, said:

"I am delighted to be able to announce contract services for this important new global client and we anticipate, with our global reach, we will be able to assist them with equipment and services at their many other locations around the world.

"These  contracts mark a strategic expansion of Westminster Group's recurring revenue, service portfolio and underscores our commitment to delivering high-quality, customer-focused security and support solutions. Our dedicated teams will ensure the highest standards of service, enhancing the experience and safety of all visitors and residents at these locations.

"We look forward to the successful implementation of these contracts and to the positive impact our services will have across these sites."

Notice of Results

Further to its announcement on 13 December 2023, the Company expects that, in line with Board scheduling, its audited results for the 18-month period ending 30 June 2024 will now be announced in early November 2024.

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 Strand Hanson Limited (Financial & Nominated Adviser) James Harris 020 7409 3494 Ritchie Balmer Richard Johnson Zeus Capital Limited (Broker)   Louisa Waddell Simon Johnson 020 3829 5000 Walbrook (Investor Relations) Tom Cooper 020 7933 8780 Joe Walker 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.

The Westminster Group Foundation is part of the Group's Corporate Social Responsibility activities. www.wg-foundation.org

The Foundation's goal is to support the communities in which the Group operates by working with local partners and other established charities to provide goods or services for the relief of poverty and the advancement of education and healthcare particularly in the developing world.

The Westminster Group Foundation is a Charitable Incorporated Organisation, CIO, registered with the Charities Commission number 1158653.

 

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