Westminster Group Plc

Result of AGM & Board Changes

Westminster Group Plc ('Westminster', the 'Group' of 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 that at today's AGM all resolutions were passed and the following changes to its Board of Directors were approved.

·     Rt. Hon. Sir Tony Baldry appointed to the post of Chairman

·     Sir Malcolm Ross appointed to the post of Deputy Chairman

·     Martin Boden appointed to the post of Chief Financial Officer

·     Ian Selby resigns as Chief Financial Officer

Sir Tony Baldry and Martin Boden both have extensive international experience.

Sir Tony has held various ministerial posts during the 1990s, serving as Minister of State in the Ministry of Agriculture, Fisheries and Food and as Parliamentary Under Secretary of State in the Foreign and Commonwealth Office, with a range of responsibilities including South Asia, Africa, North America and the West Indies.  Sir Tony was Chairman of the House of Commons Select Committee on International Development in the 2010 Parliament.

Martin Boden is a Chartered Accountant with considerable experience with high growth businesses.  He has worked with both AIM and FTSE 250 listed companies as well as Private Equity owned organisations, having most recently been CFO at Genus plc and JDR, a privately owned energy services business.  Martin has worked closely with both UKTI and UK Export Finance on overseas projects. 

Commenting on the Board changes, Peter Fowler, Chief Executive Officer at Westminster Group, said:

"I am delighted to be able to announce that Sir Tony Baldry has accepted the post of Chairman of the Board and that Sir Malcolm Ross has agreed to continue in the post of Deputy Chairman, to welcome Martin Boden to the Company and thank Ian Selby, our outgoing CFO, for his excellent contribution over the last few years and wish him well with his new venture.

"The recent news underlines the scale and reach of our operations which, in turn, requires that we are structured suitably to deliver for our clients and shareholders.  I am confident that the further development of our management and governance structures puts us in a position of strength to be able to deliver on the Company's potential at this inflexion point in our growth story."

Director declaration:

Martin Brett Boden (aged 58) has held the following directorships within the five years prior to the date of this announcement:

Martin Boden was appointed by Vision Capital LLP as a director of First Quench Group Limited and its subsidiary companies, (including Threshers, the off-licence chain), which went into administration in October 2009, one month after Martin Boden joined the business. First Quench Group Limited and its subsidiary companies have all since been liquidated following a period of Administration. 

Other than the information contained in this announcement, there is no further information required to be disclosed under Rule 17 and Schedule Two, paragraph (g) of the AIM Rules.

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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 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 ferry services, 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.