Westminster Group PLC Directorate Change (4766B)
21 September 2018 - 4:01PM
UK Regulatory
TIDMWSG
RNS Number : 4766B
Westminster Group PLC
21 September 2018
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF EU REGULATION 596/2014
Westminster Group Plc
('Westminster', the 'Group' or the 'Company')
Appointment of Chief Financial Officer
Westminster Group Plc (AIM: WSG), a leading supplier of managed
services and technology based security solutions, announces the
appointment of Mark L W Hughes as Chief Financial Officer from 1
November 2018. Martin Boden, the current Chief Financial Officer,
will be leaving the Company on 31 October 2018 to pursue new
opportunities.
Mark Leonard William Hughes BSc MBA FCA, aged 63, is an
experienced Group Chief Financial Officer with over 30 years'
experience of leading groups, divisions and companies sized from
pre-revenue to GBP600m turnover, including those listed on both the
main market and AIM including CFO of Hall Engineering (Full) Royal
Doulton (Full), Axon (Full) and Mediwatch (AIM).
Mark currently holds 70,000 ordinary shares in the Company,
representing 0.05 per cent. of the issued share capital of the
Company.
Mark will be joining the Risk Committee.
Commenting on Mark's appointment, Westminster's Chairman, Sir
Tony Baldry, said:
"Mark's wide-ranging international experience, particularly in
emerging markets together with his considerable experience in
capital markets and in M&A work, with close to 40 M&A
transactions completed, and as CFO of listed, venture capital,
private and private equity owned companies, will be a great asset
in assisting the Company achieve its growth potential.
"Mark has helped grow shareholder value in groups of similar
size to ours. He also has worked in both Sierra Leone and the
Middle East so brings significant experience in those geographical
areas. We believe that his track record of growing groups both
organically and through strategic acquisitions is the profile we
need to take us to the next level
"I would like to express my thanks to Martin Boden for his
support during his time with the business and we wish him well for
the future."
The following details in relation to the appointment of Mr
Hughes are disclosed in accordance with Schedule 2(g) of the AIM
Rules:
Current directorships Past directorships held within
the last five years
---------------------- -------------------------------
Twenty One Productions Limited Cell Therapy Limited
MLWH Limited Cell Therapy Tendoncel Limited
G&H (Warwick) Limited Cell Therapy Skincel Limited
Cell Therapy Oncology Limited
Cell Therapy Diabetes Limited
Mediwatch Genesis Limited
Medi-watch UK Limited
Mediwatch Biomedical Limited
Mediwatch Diagnostic Clinics Limited
Mediwatch PLC (now Mediwatch Limited)
Mediwatch Pathology Limited
Innovo Finance Limited
For further information, please contact:
Westminster Group Plc Media enquiries via Walbrook PR
Rt. Hon. Sir Tony Baldry - Chairman
Peter Fowler - Chief Executive Officer
Martin Boden - Chief Financial Officer
S. P. Angel Corporate Finance LLP (NOMAD & Broker)
Stuart Gledhill 020 3470 0470
Lindsay Mair
Caroline Rowe
Walbrook (Investor Relations)
Tom Cooper 020 7933 8780
Paul Vann 0797 122 1972
tom.cooper@walbrookpr.com
Notes:
Westminster Group plc is a specialist security and services
group operating worldwide through an international network of
agents and offices in over 50 countries.
Westminster's principal activity is the design, supply and
on-going 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 rns@lseg.com or visit www.rns.com.
END
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