Key Developments: G4S PLC (GFSZF.PK)
3.91USD
14 Jun 2013
$0.07 (+1.82%)
$3.84
$3.91
$3.91
$3.91
220
322
$4.54
$3.67
Latest Key Developments (Source: Significant Developments)
G4S Plc Announces Mr. Ashley Almanza as New Chief Executive Officer; Mr. Stuart Curl to Serve as Acting Chief Financial Officer
G4S Plc announced that Mr. Nick Buckles will step down as Chief Executive Officer (CEO) and retire from the Company and as Director on May 31, 2013. He will be succeeded by Mr. Ashley Almanza, who will take up the role on June 1, 2013. On May 1, 2013, Mr. Almanza was appointed to the position of Chief Financial Officer (CFO) of the Company. Now, that he has been elected CEO, Mr. Stuart Curl, the group's regional CFO for the United Kingdom, Ireland and Africa will be acting CFO whilst a search for a new CFO is conducted. Full Article
G4S Plc Announces Resignation Of Chief Financial Officer
G4S Plc announced that Trevor Dighton will be retiring from his position as Chief Financial Officer (CFO) on April 30, 2013 and from the Board of G4S plc following the Company's Annual General Meeting on June 6, 2013. The Company also announced that Ashley Almanza, former CFO of BG Group, will be joining the board as an executive director and will succeed Mr Dighton in the role of CFO with effect from May 1, 2013. He will also serve as a member of the Risk Committee. Mr Dighton will continue to work for the group in order to conclude a number of strategic projects and to ensure a smooth handover to Mr Almanza. Full Article
G4S Plc Recommends Final Dividend
G4S Plc announced that the board has recommended a final dividend of 5.54 pence per share (DKK0.4730). This represents an increase of 8% on the final dividend for 2011. The interim dividend was 3.42 pence per share (DKK0.3220) and the total dividend, if approved, will be 8.96 pence per share (DKK0.7950), representing an increase of 5% on the total dividend for 2011. Full Article
G4S Plc to Divest United States Government Solutions Business
G4S Plc announced that it has decided to divest its United States Government Solutions business. G4S Government Solutions, Inc. provides security, fire protection, facilities management, training and mine clearance services to United States Government organizations including the Departments of Energy, Homeland Security and Defense in addition to international organizations such as NATO and the United Nations, both within the United States and overseas. G4S Government Solutions operates sensitive Government contracts requiring high level security clearances and is therefore managed under a proxy board structure in order to comply with United States national security regulations. The Company announced that it believes that an alternative parent would be able to create or add more value to the business than G4S. As a non-United States parent, with restricted access to important commercial data, the Company's ability to manage the business is limited. In 2012, G4S Government Solutions, Inc. had annual revenues of approximately GBP 400 million. G4S will retain its United States commercial security business which provides a range of security services and technology to commercial companies and Government departments at a Federal, State and local level. Houlihan Lokey has been appointed to manage the divestment process and it is expected that the transaction will be completed within the next six months, subject to all necessary approvals. Full Article
G4S Plc Agrees Financial Settlement with London Organizing Committee of Olympic Games and Paralympic Games in Respect of Provision of Security Workforce for London 2012 Olympic & Paralympic Games
G4S Plc announced that it has agreed a financial settlement with the London Organizing Committee of the Olympic Games and Paralympic Games (LOCOG) in respect of the provision of the security workforce for the London 2012 Olympic & Paralympic Games (the Games). The terms of the settlement mean that the Company will incur an overall loss on the contract of approximately GBP 70 million. The Group has also incurred additional costs of approximately GBP 11 million, relating to charitable donations and external fees and a further GBP 7 million relating to the cost of sponsorship and marketing. All of these costs will be taken in the 2012 accounts as an exceptional charge (GBP 50 million having been provided for at the half year based on the previous contract loss estimate). The main difference between the previous estimate and the final settlement is an agreement to waive a larger proportion of the project management charge. Full Article
G4S Plc Announces Statement Regarding Outsourcing Organizational Support Services for Bedfordshire, Cambridgeshire and Hertfordshire Police Forces
G4S Plc announced that the Police and Crime Commissioners of Bedfordshire, Cambridgeshire and Hertfordshire have on January 29, 2013 announced their decision not to proceed with further work exploring the Lincolnshire Police outsourcing contract for the delivery of the three forces' Organizational Support services. Full Article
Thales SA, G4S Plc and Onet Securite Consortium Wins Electronic Tagging Contract
Thales SA announced that it has been selected alongside its consortium partners G4S Plc and Onet Securite by the French Ministry of Justice to design, deploy and operate a new electronic tagging system for individuals under non-custodial sentencing schemes. The financial terms of the deal were not disclosed. Full Article
G4S Plc's by G4S Cash Solutions (SA) Proprietary Limited Acquires Deposita Systems (Pty) Ltd with Related Intellectual Property Rights
G4S Plc announced that it has agreed to acquire Deposita Systems (Pty) Ltd together with certain related intellectual property rights (Deposita). Deposita is the South African market company in cash devices and related cash-in-transit, cash processing and insurance for the retail sector. The acquisition of Deposita is to be undertaken by G4S Cash Solutions (SA) Proprietary Limited (G4S), a provider of cash solutions in South Africa, from AFGRI Operations (Pty) Ltd (a wholly owned subsidiary of AFRGI Limited) and Fox Business Trust (Fox). Upon completion, G4S will own 87% of the shares in Deposita and pay total consideration of R 114 million (GBP 8.2 million) post debt restructuring. The acquisition of Deposita will strengthen G4S's position in the South African retail cash technology marketplace. Deposita was founded in 2004 and has expanded its operations throughout South Africa. It is headquartered in Midrand, Gauteng, and employs 165 staff across the country. Mr. Wessel Oosthuizen (Chief Executive Officer) and the remainder of the Management Team will remain with the business following the acquisition, reporting to Mr. Albert Erasmus, Managing Director of G4S Cash Solutions (SA) (Pty) Limited. Full Article
G4S Plc and G4S International Finance plc Update on EUR 500,000,000 Note Issue
G4S Plc announced that the Company and G4S International Finance plc have published the Final Terms dated December 4, 2012 in respect of an issue of EUR 500,000,000 2.625% Notes due December 6, 2018 under the GBP 2,000,000,000 Euro Medium Term Note Program updated by G4S Plc and G4S International Finance plc on April 11, 2012 and supplemented on November 19, 2012. The Notes are guaranteed by G4S Plc. The maturity date is December 6, 2018. The notes are Senior Notes. The Managers for the issue are HSBC Bank Plc, ING Bank N.V., Nordea Bank Danmark A/S and UniCredit Bank AG. Full Article
G4S Plc Announces Acquisition Of Two Companies From ASC-group
G4S Plc announced the acquisition of two companies from the ASC-Group, an integrated Belgium-based safety solutions business. G4S Secure Solutions NV in Belgium is paying approximately GBP2.975 million (EUR3.7 million) in cash to ASC-Group's owners Haann BVBA, Mr Hans Buitendijk and Ms Ann Van Durme for 100% of the two acquired businesses. Full Article
Bill Gates buys into British security firm G4S
LONDON - Microsoft co-founder Bill Gates has increased his stake in G4S , the world's biggest security firm, which is looking to bounce back from a blunder over its staffing of the London 2012 Olympics.
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