Westminster Group PLC New Tema Container Port Update (7525F)
17 July 2019 - 4:00PM
UK Regulatory
TIDMWSG
RNS Number : 7525F
Westminster Group PLC
17 July 2019
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')
Update New Tema Container Port Project, Ghana
Westminster Group Plc (AIM: WSG), a leading supplier of managed
services and technology-based security solutions worldwide, is
pleased to provide an update on its operations at the new Tema
Container Port, Ghana
The new Tema Container Port is a $1.5billion US Dollar
investment project by Meridian Port Services ('MPS'), expanding the
port's capacity from 1 million Twenty-foot Equivalent Units ('TEU')
pa to over 3.5 million p.a., creating a world-class container port
operation.
In the Company's AGM Statement released on 18 June 2019, it was
announced that Scanport Ltd. had received a Letter of Intent
('LoI') with MPS acknowledging Westminster as the Technical Partner
regarding a contract to manage, operate, maintain and upgrade, as
necessary, the container screening services at the new Tema
Container Port setting out the preliminary terms regarding the
appointment and scope of work and that negotiations were underway
towards concluding a contract within the 30-day exclusivity
period.
Whilst formal contracts have not yet been finalised, the
Scanport-Westminster partnership is the sole appointed contractor
for scanning operations at the new port and has established a full
scanning operation both at the primary scanning stations at the
import and export gates and also secondary screening services at
the intensive search area for physical inspections; in total
employing around 50 personnel with another 124 applicants
undertaking induction and x-ray training by Westminster
specialists. The LoI is therefore being extended for a further
period to allow for the definitive contract to be finalised with
MPS.
The first phase of the port expansion project was formally
opened for business on Friday 28 June 2019 and the first two trial
vessels have been successfully processed as all operations,
including screening, at the port are tested to iron out any
teething issues. The scanning services have performed well and are
now operational 24/7 with around 2,000 containers screened by us to
date.
Following successful operations across the port, it is expected
that activity will continue to ramp up during the coming months as
more and more vessels move to the new port.
Further details will be announced in due course.
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
& Joint Broker)
Stuart Gledhill 020 3470 0470
Caroline Rowe
SVS Securities PLC (Joint Broker)
Elliot Hance 020 3700 0100
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
UPDFMGMNNVGGLZM
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