Extension to UK asylum accommodation contract08 December 2016
G4S, the leading global integrated security company, is pleased to note the Immigration Minister’s Written Ministerial Statement on asylum seeker accommodation in the UK, laid before the House of Commons today.
G4S has continued to work closely and co-operatively with the Home Office to improve service delivery and efficiency and to support a sustainable contract extension.
Following the improvements made in service delivery and clarification of the extension arrangements, the company expects the loss making Compass contract to be delivered broadly in line with the onerous contract provision already established in the group balance sheet.
This announcement contains inside information and the person responsible for making this announcement is Peter David, Company Secretary.
For investor queries please contact G4S plc:
Helen Parris - Director of Investor Relations +44 (0) 20 8722 2125
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Nigel Fairbrass - Director of Media +44 (0) 7799 894265
G4S is the leading global, integrated security company, specialising in the provision of security services and solutions to customers. Our mission is to create material, sustainable value for our customers and shareholders by being the supply partner of choice in all of our markets.
G4S is quoted on the London Stock Exchange and has a secondary stock exchange listing in Copenhagen. G4S is active in over 110 countries and has 623,000 employees. For more information on G4S, visit www.g4s.com.