G4S PLC G4s Plc - Review Of Separation Options For G4s Cash Solutions
13 December 2018 - 6:00PM
UK Regulatory
TIDMGFS
13 December 2018
G4S plc
Review of Separation Options for G4S Cash Solutions
The Board of G4S is today announcing that it is reviewing options for
the separation of the Group's Cash Solutions businesses from the Group,
following the establishment of the Global Cash Solutions division on 1
January 2018.
Since 2013, G4S's portfolio management programme has created a focused
Group with two principal business segments: Secure Solutions and Cash
Solutions. The Board believes that a separation of Cash Solutions has
the clear potential to enhance the focus and success of both businesses
and thus to unlock substantial shareholder value.
The review of separation options has commenced and is expected to be
completed during 2019. An update will be provided with the Group's full
year results in March 2019.
G4S Group CEO, Ashley Almanza, said:
"The implementation of our new organisation structure in January this
year enables us to consider this separation in order to enhance the
strategic, commercial and operational focus of both Secure Solutions and
Cash Solutions.
G4S Cash Solutions has a unique portfolio of market leading cash
management businesses, serving customers in 45 countries across the
globe. Our Retail Cash Solutions business is the clear market leader,
providing cash payment software and services in some of the world's
largest markets. With innovative, industry leading products and services
and substantial market shares, G4S Cash Solutions is transforming cash
management services in its markets.
G4S Secure Solutions is the global leader in security and delivers both
conventional and integrated, technology-enabled security solutions to
our customers across six continents. This business is very well
positioned to address the global growth in demand for security services
with a growing capacity to deliver integrated security solutions, an
unrivalled global footprint and a premier brand in security.
The review of our separation options offers an exciting opportunity to
enhance our focus for the benefit of customers, shareholders and
employees. Our aim is to establish two strong, independent businesses
that are able to take advantage of their leading market positions and
excellent service offerings to deliver sustainable, profitable growth."
This announcement contains inside information and the person responsible
for making this announcement is Celine Barroche, company secretary.
For further enquiries, please contact:
Helen Parris Director of Investor Relations
+44(0) 207 9633189
Media enquiries:
Sophie McMillan Head of Media
+44(0) 759 5523483
Press office
+44(0) 207 9633333
Conference call
There will be a conference call this morning for institutional investors
and analysts at 8.30am GMT.
The details are as follows:
Standard International Access : +44 (0)203 003 2666
UK Toll Free : 0808 109 0700
Copenhagen : +45 3271 4573
Denmark Toll Free : 8088 8649
New York : +1 646 843 4608
USA Toll Free : +1 866 966 5335
Password : G4S
To listen to a replay of the call which will be available for 15 days
after the event, here are the details:
Standard International Access : +44 (0) 208 196 1998
UK Toll Free : 0800 633 8453
Denmark Toll Free : 8088 7109
Replay PIN: 0045696
Notes to Editors:
G4S is the leading global, integrated security company, specialising in
the provision of security services and solutions to customers. Our
mission is to create material, sustainable value for our customers and
shareholders by being the supply partner of choice in all our markets.
G4S is quoted on the London Stock Exchange and has a secondary stock
exchange listing in Copenhagen. G4S is active in around 90 countries and
has over 560,000 employees. For more information on G4S, visit
www.g4s.com.
G4S will announce full year 2018 results on 12 March 2019.
Advisers
Financial advisers - J.P. Morgan Cazenove
Stockbrokers - J.P. Morgan Cazenove and Citigroup Global Markets Limited
(END) Dow Jones Newswires
December 13, 2018 02:00 ET (07:00 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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