Westminster Group PLC Directorate Changes (4433N)
18 January 2019 - 6:00PM
UK Regulatory
TIDMWSG
RNS Number : 4433N
Westminster Group PLC
18 January 2019
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF EU REGULATION 596/2014
Westminster Group Plc
Directorate Changes
Westminster Group Plc ('Westminster', the 'Group' or the
'Company'), the AIM listed supplier of managed security services
and technology-based security solutions to governments and
government agencies, non-governmental organisations (NGO's) and
blue-chip commercial organisations worldwide, is pleased to
announce the appointment of Mr Charles Enea Cattaneo to the Board
as a Non-Executive Director with effect from 17 January 2019 and
the appointment of James Sutcliffe to the post of Chairman of the
International Advisory Board.
Charles Cattaneo, aged 55, is a Fellow of the Institute of
Chartered Accountants in England and Wales, a Fellow of the
Securities and Investment Institute and has an MBA from Birmingham
University where he also read Commerce.
He has over 30 years' corporate finance experience gained in
investment banking, industry and the accounting profession. He is a
partner in Cattaneo LLP, a business he founded in 2005 which
provides corporate finance advice to a wide range of clients
including Main Market Listed, AIM and private companies. He is
experienced in all aspects of corporate finance and has advised on
many public company transactions including hostile and recommended
takeovers, acquisitions, disposals, equity and debt fund raisings,
transfers to the Full List and to AIM, and flotations. Charles has
been a director of a number of public and private companies and is
currently the Chairman of the West Midlands Regional Advisory Group
of the London Stock Exchange.
Commenting on Charles' appointment, Westminster's Chairman, Rt
Hon Sir Tony Baldry, said:
"We are delighted Charles has agreed to join the Board of
Westminster and I am sure his wealth of City and corporate finance
knowledge and experience gained from a variety of business sectors,
in particular advising AIM companies and serving on boards of
growing and successful companies, will be of great value to our
business as we expand and deliver on our significant potential.
"As a qualified accountant he will be taking over as Chair of
the Audit Committee and Chair of the Risk Committee."
Commenting on his appointment Charles Cattaneo added:
"This is an exciting time to join Westminster Group, I look
forward to serving on the Board making a significant contribution
to Corporate Governance and supporting the Board's strategy to make
Westminster a substantial international security services company
in the infrastructure sector."
James Sutcliffe
James Sutcliffe, by agreement, will be leaving the Westminster
Group Plc board to take on the role as Chairman of the
International Advisory Board, where the benefit of his extensive
international experience and high-level Government contacts
overseas can be of significant value to the Company's business
development and expansion going forward.
The following details in relation to the appointment of Mr
Cattaneo are disclosed in accordance with Schedule 2(g) of the AIM
Rules:
Current directorships Past directorships held within
the last five years
---------------------- -------------------------------
Cattaneo LLP Mediwatch plc
Cattaneo Corporate Finance Solutions Home of Fast Food Limited
Limited Glide 2 Limited
Future Screen Partners No.1 LLP
Owen Film Partnership LLP
International Automotive Engineering
Projects Limited
Charles was a director of Home of Fast Food Limited at the time
that a liquidator was appointed in February 2016. The liquidation
was solvent and a final distribution of GBP135,000 was made to
shareholders.
There are no other disclosures in accordance with Schedule 2(g)
of the AIM Rules.
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 0797 122 1972
tom.cooper@walbrookpr.com
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, 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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