FSG Security plc
LSE : FSSP

July 01, 2008 06:00 ET

Acquisition

FSG Security plc - Acquisition and Placing of Ordinary Shares
                                                                            1st July 2008

                                           FSG SECURITY PLC

                                 ACQUISITION AND PLACING ANNOUNCEMENT

The Board of FSG Security plc is pleased to announce the acquisition of Guardian Facilities Limited on
30th  June  2008  for an initial consideration of GBP1,200,000 comprising cash of GBP357,500  and  the
issue of 2,808,333 Ordinary Shares of 20p in the Company. Further cash payments of GBP400,000 will  be
payable  in 9 monthly instalments commencing 30th September 2008. Funds totaling GBP585,000 have  been
raised  by the placing of 2,340,000 new Ordinary Shares of 20p at 25p per share representing 12.7%  of
the new issued share capital. Following the placing there will be 18,490,413 Ordinary Shares in issue.

In  the last financial year to 31st October 2007, Guardian Facilities Limited had an annual revenue of
GBP3.9m  from  operations  concentrated in and around the London  and  South  East  area.  It  is  ACS
accredited, holds double gold NSI certification, NACOSS certification and has an excellent  reputation
for quality service and loyalty from its employees.

Guardian  Facilities  provides  an  integrated range of  uniformed  manned  guarding  services,  event
management and CCTV installation and maintenance.

The  Board is pleased to announce that Mr. Chris Woodford and Mr. Val Capon have been appointed to the
Board as Support Systems Director and Commercial Director respectively with effect from 1st July 2008.

Chris  Woodford is a Director of Firewalker Events Limited, a wholly owned subsidiary of FSG  Security
plc. He has 83,333 share options over the Ordinary Shares of 20p in the Company.

Val Capon is the former Director and shareholder of Guardian Facilities Limited. He is also a Director
of  Guardian Homes (UK) Limited, Pristwood Limited, Ethical Recovery Limited and Quadrille  Properties
Limited  and  a former Director of Guardian Events Limited, Guardian Guards Limited, Guardian  Hi-Tech
Limited,  Angel  Property (UK) Limited, Ethical Group Limited and Secure Site (UK) Limited.  He  holds
2,808,333 Ordinary Shares of 20p in the Company.

The Directors hold 3,292,864 Ordinary Shares representing 17.8% of the issued share capital.


ENQUIRIES:

Keith Hobbs                                  07831 165 983
Chairman
1.07.08

The Directors of FSG Security plc accept responsibility for this announcement.

Contact Information

  • FSG Security plc