Westminster Group PLC Coronavirus Update (1778G)
16 Marzo 2020 - 01:00AM
UK Regulatory
TIDMWSG
RNS Number : 1778G
Westminster Group PLC
16 March 2020
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED IN
ARTICLE 7 OF THE MARKET ABUSE REGULATION NO. 596/2014 ("MAR"). UPON
THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS
NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN
Westminster Group Plc
('Westminster', the 'Group' or the 'Company')
Coronavirus Update
Westminster Group Plc (AIM: WSG), a leading supplier of managed
services and technology-based security solutions worldwide, wishes
to provide an update on the current effects of Coronavirus on the
business.
From the outset of the Coronavirus (COVID-19) pandemic,
Westminster established contingency plans, processes and put
policies in place to limit, as much as possible, any impact on its
people, customers and operations. Thankfully, to date we have only
suffered minor disruption to our travel and activities. Our West
African airport operations have not yet suffered any downturn;
indeed, passenger numbers continue to be at record levels. We
continue to monitor the situation accordingly.
Westminster is a recognised provider of security and safety
screening equipment and has previously supplied fever screening
equipment during epidemics such as Ebola and Bird Flu, to various
countries around the world but nothing on the scale we are now
seeing. So far in 2020 we have dealt with over 500 enquiries from
all over the world for fever detection and associated equipment,
resulting in sales of approximately $720,000 USD, by comparison we
had no such enquiries in 2019.
We are currently handling an average of 28 enquiries per day and
our teams are working hard to support our customers in these
difficult times particularly with the potential disruption to
supply chains and demand exceeding our suppliers manufacturing
capacity in certain items. Given the dynamic situation in respect
of the response to the current Coronavirus pandemic it is difficult
to forecast future demand however we consider that the supply of
fever screening and associated equipment will represent a material
element of our business during the current financial period.
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
Nick Rome Westminster@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 (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.
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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