|Bid||105.55 x 0|
|Ask||105.65 x 0|
|Day's range||98.92 - 107.10|
|52-week range||69.92 - 223.50|
|Beta (5Y monthly)||0.90|
|PE ratio (TTM)||40.58|
|Earnings date||03 Aug 2020 - 07 Aug 2020|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||30 Apr 2020|
|1y target est||241.00|
The G4s (LON:GFS) share price has risen by 1.52% over the past month and it’s currently trading at 105.5. For investors considering whether to buy, hold or sel...
3 June 2020G4S PLCNOTIFICATION OF MAJOR SHAREHOLDINGThe company was notified on 2 June 2020 by Invesco Limited, that, following a disposal of voting rights on 1 June 2020, it now holds less than 5% of the company’s total voting rights.Celine Barroche Company Secretary For further enquiries, please contact:Helen Parris Director of Investor Relations +44 (0) 207 9633189 Media enquiries Sophie McMillan Head of media +44 (0) 759 5523483 Press office +44 (0) 207 9633333 Notes to Editors: G4S is the leading global 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 our markets. G4S is quoted on the London Stock Exchange and has a secondary stock exchange listing in Copenhagen. G4S is active in around 90 countries and has 558,000 employees. For more information on G4S, visit www.g4s.com.
TR-1: Standard form for notification of major holdingsNOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:G4S PLC LEI: 549300L3KWKK8X35QR12 1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate) Non-UK issuer 2\. Reason for the notification (please mark the appropriate box or boxes with an “X”) An acquisition or disposal of voting rightsX An acquisition or disposal of financial instruments An event changing the breakdown of voting rights Other (please specify)iii: 3\. Details of person subject to the notification obligationiv NameInvesco Ltd. City and country of registered office (if applicable)1555 Peachtree Street NE, Suite 1800, Atlanta, GA 30309 United States 4\. Full name of shareholder(s) (if different from 3.)v Name City and country of registered office (if applicable) 5\. Date on which the threshold was crossed or reachedvi:01-06-2020 6\. Date on which issuer notified (DD/MM/YYYY):02-06-2020 7\. Total positions of person(s) subject to the notification obligation % of voting rights attached to shares (total of 8. A)% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)Total of both in % (8.A + 8.B)Total number of voting rights of issuervii Resulting situation on the date on which threshold was crossed or reached4.41%04.41%1,551,594,436 Position of previous notification (if applicable)9.99%09.99% 8\. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii A: Voting rights attached to shares Class/type of shares ISIN code (if possible) GB00B01FLG62Number of voting rightsix% of voting rights Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) 68,475,282 4.41% SUBTOTAL 8. A68,475,2824.41% B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR220.127.116.11 (a)) Type of financial instrumentExpiration datexExercise/ Conversion PeriodxiNumber of voting rights that may be acquired if the instrument is exercised/converted.% of voting rights SUBTOTAL 8. B 1 B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR18.104.22.168 (b)) Type of financial instrumentExpiration datexExercise/ Conversion Period xiPhysical or cash settlementxiiNumber of voting rights % of voting rights SUBTOTAL 8.B.2 9\. Information in relation to the person subject to the notification obligation (please mark the applicable box with an “X”) Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)X Namexv% of voting rights if it equals or is higher than the notifiable threshold% of voting rights through financial instruments if it equals or is higher than the notifiable thresholdTotal of both if it equals or is higher than the notifiable threshold Invesco Asset Management Limited3.9838%03.9838% Invesco Capital Management LLC0.0157%00.0157% Invesco Canada Ltd.0.4135%00.4135% Invesco Hong Kong Limited 0.0001% 0 0.0001% 10\. In case of proxy voting, please identify: Name of the proxy holderInvesco UK Limited The number and % of voting rights heldN/A The date until which the voting rights will be heldN/A 11\. Additional informationxvi Place of completionHenley-on-Thames Date of completion02-06-2020
29 May 2020G4S International Finance plcPublication of Annual Report and Financial Statements for year ended 31 December 2019G4S plc announces that G4S International Finance plc's annual audited unconsolidated financial statements for the year ended 31 December 2019 have been published.G4S International Finance plc’s annual report and financial statements 2019 are attached and a copy has also been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.morningstar.co.uk/uk/NSM. G4S International Finance plcLEI - IC69WB2PZI06SM0YFI11For further enquiries, please contact: Helen Parris, Director of Investor Relations+44 (0)20 7963 3189 Media enquiries: Sophie McMillan, Head of Media +44 (0) 759 5523483 Press office+44 (0) 207 9633333 Attachment * 2019 Annual Report and Financial Statements G4S International Finance plc
18 May 2020G4S plc (the ‘Company’) Disclosure of rights attached to equity sharesIn compliance with Listing Rule 9.2.6E (disclosure of rights attached to equity shares), the Company has forwarded to the FCA for publication a copy of its articles of association, which sets out the principal rights and restrictions attached to its ordinary shares. A copy of the articles of association has been submitted to the National Storage Mechanism and will shortly be available for inspection.For further enquiries please contact Helen Parris Director of Investor Relations+44 (0) 207 9633189 Media enquiries Sophie McMillanHead of media+44 (0) 759 5523483 Press office +44 (0) 207 9633333 Notes to Editors: G4S is the leading global 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 our markets. G4S is quoted on the London Stock Exchange and has a secondary stock exchange listing in Copenhagen. G4S is active in around 90 countries and has 558,000 employees. For more information on G4S, visit www.g4s.com.
THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt about the contents of this document or the action you should take, you should immediately consult your stockbroker, bank manager, solicitor, accountant or other independent professional advisor authorised under the Financial Services and Markets Act 2000 as amended if you are resident in the United Kingdom or, if not, from another appropriately authorised independent financial advisor. If you have sold or otherwise transferred all your shares in G4S plc, please send this Notice and the accompanying documents to the person through whom the sale or transfer was effected so that it can be passed on to the purchaser or transferee.Notice of Annual General MeetingNotice is hereby given that the Annual General Meeting of G4S plc will be held at Sutton Park House, 15 Carshalton Road, Sutton, Surrey, SM1 4LD, UK on Wednesday,17 June 2020 at 11.30am BST in order to consider and, if thought fit, to pass the following Resolutions:Resolutions 1 to 17 will be proposed as ordinary resolutions. Resolutions 18 to 21 will be proposed as special resolutions.Report and Accounts 1. To receive the financial statements of the company for the year ended 31 December 2019 and the reports of the directors and auditor thereon. Remuneration 1. To approve the Directors’ Remuneration Policy as set out in the Directors’ Remuneration Report in the company’s 2019 Integrated Report and Accounts for the year ended 31 December 2019. 2. To approve the Directors’ Remuneration Report (other than the part containing the Directors’ Remuneration Policy) as set out in the company’s 2019 Integrated Report and Accounts for the year ended 31 December 2019.Directors 1. To elect Michel van der Bel as a director. 2. To elect Clare Chapman as a director. 3. To re-elect Ashley Almanza as a director. 4. To re-elect John Connolly as a director. 5. To re-elect Elisabeth Fleuriot as a director. 6. To re-elect Winnie Kin Wah Fok as a director. 7. To re-elect Steve Mogford as a director. 8. To re-elect John Ramsay as a director. 9. To re-elect Barbara Thoralfsson as a director. 10. To re-elect Tim Weller as a director.Auditor 1. To re-appoint PricewaterhouseCoopers LLP as auditor of the company to hold office until the conclusion of the next Annual General Meeting of the company. 2. To authorise the audit committee of the board to determine the remuneration of the auditor.Authority to Make Political Donations 1. That, in accordance with sections 366 and 367 of the Companies Act 2006 (the “Act”), the company and all companies which are subsidiaries of the company during the period when this Resolution 16 has effect be and are hereby unconditionally authorised to: 1. make political donations to political parties or independent election candidates not exceeding £50,000 in total; 2. make political donations to political organisations other than political parties not exceeding £50,000 in total; and 3. incur political expenditure not exceeding £50,000 in total;(as such terms are defined in the Act) during the period beginning with the date of the passing of this Resolution and ending at the conclusion of the next Annual General Meeting of the company provided that the authorised sum referred to in paragraphs (i), (ii) and (iii) above may be comprised of one or more amounts in different currencies which, for the purposes of calculating the said sum, shall be converted into pounds sterling at the exchange rate published in the London edition of the Financial Times on the date on which the relevant donation is made or expenditure incurred (or the first business day thereafter) or, if earlier, on the day in which the company enters into any contract or undertaking in relation to the same.Directors’ Authority to Allot 1. That the directors be and are hereby generally and unconditionally authorised pursuant to and in accordance with section 551 of the Companies Act 2006 (the “Act”) to exercise all the powers of the company to allot shares in the company or grant rights to subscribe for, or convert any security into, shares in the company: 1. up to an aggregate nominal amount of £129,299,000; and 2. comprising equity securities (as defined in section 560 of the Act) up to a further aggregate nominal amount of £129,299,000 provided that they are offered by way of a rights issue to holders of ordinary shares on the register of members at such record date(s) as the directors may determine where the equity securities respectively attributable to the interests of the ordinary shareholders are proportionate (as nearly as may be practicable) to the respective numbers of ordinary shares held or deemed to be held by them on any such record date(s), subject to such exclusions or other arrangements as the directors may deem necessary or expedient to deal with treasury shares, fractional entitlements, record dates, shares represented by depositary receipts, legal or practical problems arising under the laws of any territory or the requirements of any relevant regulatory body or stock exchange or any other matter;provided that this authority shall expire at the conclusion of the next Annual General Meeting of the company or, if earlier, on the 16 September 2021, save that the company shall be entitled to make offers or enter into agreements before the expiry of such authority which would or might require relevant securities to be allotted after such expiry and the directors shall be entitled to allot relevant securities pursuant to any such offer or agreement as if this authority had not expired; and all unexpired authorities granted previously to the directors to allot relevant securities under section 551 of the Act shall cease to have effect at the conclusion of this Annual General Meeting (save to the extent that the same are exercisable pursuant to section 551(7) of the Act by reason of any offer or agreement made prior to the date of this Resolution which would or might require shares to be allotted or rights to be granted on or after that date). Authority for the Disapplication of Statutory Pre-emption Rights 1. That, subject to the passing of Resolution 17, the directors be and are hereby authorised to allot equity securities (as defined in the Companies Act 2006 (the “Act”)) for cash under the authority given by that resolution and/or to sell ordinary shares held by the company as treasury shares for cash as if section 561 of the Act did not apply to any such allotment or sale, such authority to be limited to: 1. the allotment of equity securities and sale of treasury shares for cash in connection with an offer of equity securities (but in the case of the authority granted under paragraph (ii) of Resolution 17 above, by way of rights issue only) to or in favour of the holders of shares on the register of members at such record date(s) as the directors may determine where the equity securities respectively attributable to the interests of the shareholders are proportionate (as nearly as may be practicable) to the respective numbers of shares held by them on any such record date(s), but subject to such exclusions or other arrangements as the directors may deem necessary or expedient in relation to fractional entitlements, treasury shares, record dates, shares represented by depositary receipts, legal or practical problems arising under the laws of any territory or the requirements of any relevant regulatory body or stock exchange or any other matter; and 2. the allotment of equity securities or sale of treasury shares (otherwise than under sub-paragraph (i) of this Resolution 18) up to a nominal amount of £19,394,000;provided that this authority shall expire at the conclusion of the next Annual General Meeting of the company, or if earlier, close of business on 16 September 2021, save that the company shall be entitled to make offers or enter into agreements before the expiry of such authority which would or might require equity securities to be allotted (and treasury shares to be sold) after the authority expires and the directors may allot equity securities (and sell treasury shares) under any such offer or agreement as if the authority had not expired.Additional Authority for the Disapplication of Statutory Pre-emption Rights 1. That, subject to the passing of Resolution 17, the directors be authorised, in addition to any authority granted under Resolution 18, to allot equity securities (as defined in the Companies Act 2006 (the “Act”)) for cash under the authority given by that resolution and/or to sell ordinary shares held by the company as treasury shares for cash as if section 561 of the Act did not apply to any such allotment or sale, such authority to be: 1. limited to the allotment of equity securities or sale of treasury shares up to a nominal amount of £19,394,000; and 2. used only for the purpose of financing (or refinancing, if the authority is to be used within six months after the original transaction) a transaction which the board of the company determine to be an acquisition or other capital investment of a kind contemplated by the Statement of Principles on Disapplying Pre-Emption Rights most recently published by the Pre-Emption Group prior to the date of this Notice; provided that this authority shall expire at the conclusion of the next Annual General Meeting of the company, or if earlier, close of business on 16 September 2021, save that the company shall be entitled to make offers or enter into agreements before the expiry of such authority which would or might require equity securities to be allotted (and treasury shares to be sold) after the authority expires and the directors may allot equity securities (and sell treasury shares) under any such offer or agreement as if the authority had not expired.Authority to Purchase Own Shares 1. That the company be and is hereby generally and unconditionally authorised for the purposes of section 701 of the Companies Act (the “Act”), to make market purchases (within the meaning of section 693(4) of the Act) of ordinary shares of 25p each in the capital of the company on such terms and in such manner as the directors may from time to time determine, provided that: 1. the maximum number of such shares which may be purchased is 155,159,000; 2. the minimum price which may be paid for each such share is 25p (exclusive of all expenses); 3. the maximum price (excluding expenses) which may be paid for any such share is the higher of (a) an amount equal to 105% of the average of the middle market quotations for a share in the company as derived from The London Stock Exchange Daily Official List for the five business days immediately preceding the day on which such share is to be purchased and (b) the price of the last independent trade and the highest current independent bid for a share in the company on the trading venues where the market purchases by the company pursuant to the authority conferred by this Resolution 19 will be carried out; and 4. this authority shall expire at the conclusion of the Annual General Meeting of the company to be held in 2021 (except in relation to the purchase of such shares the contract for which was entered into before the expiry of this authority and which might be executed wholly or partly after such expiry).Notice Period for General Meetings Other Than AGMs21. That a general meeting of the company, other than an Annual General Meeting, may be called on not less than 14 clear days’ notice.By order of the boardCeline Barroche Company Secretary6 May 20205th Floor, Southside 105 Victoria Street London SW1E 6QTCompany No. 4992207LEI Code 549300L3KWKK8X35QR12Entitlement to attend and vote and to appoint proxiesIn light of current UK Government guidance in relation to Covid-19 to avoid all public gatherings and non-essential travel, you will not be able to attend the Annual General Meeting in person and shareholders are asked to please submit their votes in respect of the business to be discussed, electronically or by post in advance, as set out in the Notice of Meeting. Votes should be submitted via proxy as early as possible (and should be received by the company no later than 11.30am on 15 June 2020). 1. To be entitled to vote at the Annual General Meeting (and for the purpose of the determination by the company of the votes they may cast), shareholders must be registered in the Register of Members of the company at 6pm on 15 June 2020 (or, in the event of any adjournment, at close of business on the date which is two working days before the time of the adjourned meeting). Changes to the Register of Members after the relevant deadline shall be disregarded in determining the rights of any person to vote at the meeting. 2. Shareholders who wish to appoint a proxy should appoint the chair of the meeting as their proxy. As a result of the UK Government's current restrictions, if a shareholder appoints someone else as their proxy, that proxy will not be able to attend the meeting in person in order to cast the shareholder's vote. Proxy instructions may be given by using the registrar’s share portal at signalshares.com. 3. In order to be valid, an appointment of proxy must be returned with any power of attorney or any other authority under which it is executed, by one of the following methods: * by logging on to signalshares.com and following the instructions; * in hard copy form by post to Freepost PXS, 34 Beckenham Road, Beckenham BR3 4ZF; * in hard copy form to that address by courier or by hand during usual business hours; or, * in the case of CREST members, by utilising the CREST electronic proxy appointment service as described in paragraphs 7 and 8. In each case the proxy appointment must be received by the company no later than 11.30am on 15 June 2020. To change your proxy instructions you may submit a new proxy appointment using the method set out above. The deadline for receipt of a proxy appointment also applies in relation to amended instructions. Persons listed on the VP Securities register should follow the instructions on their Voting Request Form. 1. Any person to whom this Notice is sent who is a person nominated under section 146 of the Act to enjoy information rights (a “Nominated Person”) may, under an agreement between him/her and the shareholder by whom he/she was nominated, have a right to be appointed (or to have someone else appointed) as a proxy for the Annual General Meeting. If a Nominated Person has no such proxy appointment right or does not wish to exercise it, he/she may, under any such agreement, have a right to give instructions to the shareholder as to the exercise of voting rights. 2. The statement of the rights of shareholders in relation to the appointment of proxies in paragraph 2 above does not apply to Nominated Persons. The rights described in that paragraph can only be exercised by shareholders of the company. 3. CREST members who wish to appoint a proxy or proxies through the CREST electronic proxy appointment service may do so by using the procedures described in the CREST Manual (available via euroclear.com/CREST). CREST Personal Members or other CREST sponsored members, and those CREST members who have appointed a service provider(s), should refer to their CREST sponsor or voting service provider(s), who will be able to take the appropriate action on their behalf. 4. In order for a proxy appointment or instruction made using the CREST service to be valid, the appropriate CREST message (a “CREST Proxy Instruction”) must be properly authenticated in accordance with Euroclear UK & Ireland Limited’s specifications and must contain the information required for such instruction, as described in the CREST Manual. The message, regardless of whether it constitutes the appointment of a proxy or is an amendment to the instruction given to a previously appointed proxy must, in order to be valid, be transmitted so as to be received by the issuer’s agent (ID RA10) by 11.30am on 15 June 2020. For this purpose, the time of receipt will be taken to be the time (as determined by the time stamp applied to the message by the CREST Application Host) from which the issuer’s agent is able to retrieve the message by enquiry to CREST in the manner prescribed by CREST. After this time any change of instructions to proxies appointed through CREST should be communicated to the appointee through other means. 5. CREST members and, where applicable, their CREST sponsors or voting service providers should note that Euroclear UK & Ireland Limited does not make available special procedures in CREST for any particular message. Normal system timings and limitations will, therefore, apply in relation to the input of CREST Proxy Instructions. It is the responsibility of the CREST member concerned to take (or, if the CREST member is a CREST personal member, or sponsored member, or has appointed a voting service provider, to procure that his CREST sponsor or voting service provider(s) take(s)) such action as shall be necessary to ensure that a message is transmitted by means of the CREST system by any particular time. In this connection, CREST members and, where applicable, their CREST sponsors or voting system providers are referred, in particular, to those sections of the CREST Manual concerning practical limitations of the CREST system and timings. 6. The company may treat as invalid a CREST Proxy Instruction in the circumstances set out in Regulation 35(5)(a) of the Uncertificated Securities Regulations 2001. 7. Voting on all Resolutions will be conducted by way of a poll rather than a show of hands. This is a more transparent method of voting as shareholders’ votes are to be counted according to the number of shares held. As soon as practicable following the Annual General Meeting, the results of the voting at the meeting and the numbers of proxy votes cast for and against and the number of votes actively withheld in respect of each of the Resolutions will be announced via a Regulatory Information Service and also placed on the company’s website at g4s.com. 8. Any corporation which is a shareholder can appoint one or more corporate representatives who may exercise on its behalf all of its powers as a shareholder provided that they do not do so in relation to the same shares. However please note this year’s arrangements for the Annual General Meeting.Issued Share Capital As at 5 May 2020 (being the latest practicable date prior to the publication of this Notice) the company’s issued share capital consisted of 1,551,594,436 ordinary shares, carrying one vote each. Therefore, the total voting rights in the company as at 5 May 2020 was 1,551,594,436.Audit Statements Under section 527 of the Act, members meeting the threshold requirements set out in that section have the right to require the company to publish on a website a statement setting out any matter relating to: (i) the audit of the company’s accounts (including the auditor’s report and the conduct of the audit) that are to be laid before the Annual General Meeting; or (ii) any circumstance connected with an auditor of the company ceasing to hold office since the previous meeting at which annual accounts and reports were laid in accordance with section 437 of the Act. The company may not require the shareholders requesting any such website publication to pay its expenses in complying with sections 527 or 528 of the Act. Where the company is required to place a statement on a website under section 527 of the Act, it must forward the statement to the company’s auditor not later than the time when it makes the statement available on the website. The business which may be dealt with at the Annual General Meeting includes any statement that the company has been required under section 527 of the Act to publish on a website.Information available on website A copy of this Notice, and other information required by section 311A of the Act, can be found at g4s.com/agm.Any electronic address or web site address is provided in this Notice solely for the purpose stated expressly herein and may not be used to communicate with the company other than for such purpose. Notwithstanding any telephone number, fax number or email address that appears on this document or elsewhere, neither the company nor Link Asset Services will accept voting instructions received via media other than by post, courier or hand, or by CREST Proxy Instruction in accordance with the notes above.Important information about the 2020 Annual General MeetingIn light of the UK Government’s current ban on public gatherings of two or more people, shareholders will not be able to attend the Annual General Meeting, Instead, shareholders are asked to please vote by proxy as set out on pages 6 and 7. Shareholders are also invited to ask questions prior to the meeting. The Annual GeneralMeeting is an important opportunity for all shareholders to express their views by asking questions and voting. Your participation in this annual event continues to be very important to us.If you would like to submit a question on the business of the meeting in advance, and at the latest by 11.30am on 15 June 2020 please submit your questions via email to firstname.lastname@example.org. We will endeavour to answer questions received in advance, either by publishing responses on our website prior to or shortly after the Annual General Meeting.The situation regarding Covid-19 is evolving rapidly and G4S is following the health advice of the UK Government and Public Health England. Shareholders are encouraged to monitor the G4S website in the AGM 2020 section for any further updates in relation to arrangements for the Annual General Meeting.
7 May 2020G4S PLCGroup HR Director G4S plc (“G4S”), the leading global security company today announces that Catherine Hooper has been appointed as Group HR Director (acting) effective on 8 May 2020. Ms Hooper is currently HR Director, Global Cash Division and has previously held a number of senior HR roles at GB Airways (a franchise of British Airways), Virgin Atlantic and Cornhill InsuranceJenni Myles, currently Group HR Director has resigned from her position and will be leaving G4S on 8 May 2020 to take on a new role outside G4S. For further enquiries, please contact: Helen ParrisDirector of Investor Relations+44 (0) 207 963 3189 Media enquiries: Sophie McMillanHead of Media+44 (0) 759 5523483 G4S Press Office +44 (0) 207 963 3333 Notes to Editors: G4S is the leading global 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 our markets. G4S is quoted on the London Stock Exchange and has a secondary stock exchange listing in Copenhagen. G4S is active in around 90 countries and has over 558,000 employees. For more information on G4S, visit www.g4s.com.
Danish services provider ISS said it was seeing higher demand for disinfection and deep cleaning of premises as people start returning to work after the coronavirus lockdown. ISS, one of the world's biggest private employers, reported first quarter sales above expectations but said it had temporarily or permanently laid off just under a quarter of its 471,000 workforce as many clients such as large banks had been forced to shut their offices. The Copenhagen-based company, which delivers services such as cleaning and catering to more than 200,000 clients in 63 countries, posted first-quarter revenue of 19.1 billion Danish crowns ($2.8 billion) on Wednesday, above the 18.2 billion forecast by analysts.
5 May 2020G4S PLCAPPOINTMENT OF A NEW NON-EXECUTIVE DIRECTORG4S plc, the leading global security company today announces that Michel van der Bel, who retired at the end of March from his role as President of EMEA Region for Microsoft, will join the board of G4S as a non-executive director with effect from 7 May 2020. Mr van der Bel will also become a member of the Remuneration Committee and of the Risk Committee. Commenting on the new appointment, John Connolly, G4S chairman said:“I am delighted to welcome Michel van der Bel to the board of G4S. Michel brings strong technology leadership experience gained in highly international businesses and a deep understanding of digital transformation in varying markets and industries, which will be very valuable to our board as we recognise the growing importance of technology to our strategy going forward.” Biography: Michel has more than 21 years of leadership experience at Microsoft, playing a pivotal role in the company’s cultural transformation. As President of the Europe, Middle East and Africa business, Michel led more than 20,000 employees across 29 subsidiaries and 70 languages, during a time of profound corporate change. Michel’s career at Microsoft started in 1999, when he became the General Manager of Microsoft Netherlands, then Microsoft International’s Vice President for Public Sector, concentrating on the implementation of a global public sector strategy. He then served as Microsoft’s Chief Operating Officer in the Greater China Region before taking on the role of CEO of Microsoft UK. For the last 4 years, Michel led Microsoft EMEA. Michel holds a degree in electronics and an MBA from Henley Business School. No further information is required to be disclosed under paragraph 9.6.13R of the Listing Rules.For further enquiries, please contact: Helen ParrisDirector of Investor Relations+44 (0) 207 963 3189 Media enquiries: Sophie McMillanHead of Media+44 (0) 759 5523483 G4S Press Office +44 (0) 207 963 3333 Notes to Editors: G4S is the leading global 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 our markets. G4S is quoted on the London Stock Exchange and has a secondary stock exchange listing in Copenhagen. G4S is active in around 90 countries and has 558,000 employees. For more information on G4S, visit www.g4s.com.
1 May 2020G4S PLC UPDATED FINANCIAL CALENDAR FOR 2020G4S plc, the world’s leading international security solutions provider, announces its updated financial calendar for 2020:17 JuneAnnual General Meeting AugustAnnouncement of half-year results to 30 June 2020 November Q3 2020 Trading Update Notes to Editors:G4S is the leading global 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 our markets. G4S is quoted on the London Stock Exchange and has a secondary stock exchange listing in Copenhagen. G4S is active in around 90 countries and has over 558,000 employees. For more information on G4S, visit www.g4s.com.For further enquiries, please contact: Helen ParrisDirector of Investor Relations+44 (0) 207 963 3189 Media enquiries: Sophie McMillanHead of Media+44 (0) 7595 523483 LEI 549300L3KWKK8X35QR12
1 May 2020G4S plc (the “Company”)Integrated Report and Accounts 2019 Further to the preliminary announcement of its results for the year ended 31 December 2019 made on 11 March 2020, G4S plc, the global, integrated security solutions provider, announces that it has published its Integrated Report and Accounts 2019, which is available for viewing in the Investor Relations section of the Company’s website at g4s.com/Investors.As announced on 9 April 2020, the original date of the Company’s 2020 Annual General Meeting was postponed and the Company’s 2020 Annual General Meeting is now scheduled to take place on 17 June 2020. An announcement with further details including publication of the 2020 Notice of Annual General Meeting will be circulated in due course.Hard copies of the Integrated Report and Accounts 2019 will be posted together with the Notice of Meeting in due course to those shareholders who have elected to receive them. A copy of the Integrated Report and Accounts 2019 has also been submitted to the National Storage Mechanism and will be available for viewing shortly at morningstar.co.uk/uk/NSM.A condensed set of the Company’s financial statements and extracts of the management report were included in the Company’s preliminary final results announcement, which is available at g4s.com/Investors. That information, together with the Appendix to this announcement, which contains additional information extracted from the Integrated Report and Accounts 2019 for the year ended 31 December 2019, constitutes the material required for the purposes of compliance with the Transparency Rules. This announcement should be read in conjunction with, and is not a substitute for, reading the full Integrated Report and Accounts 2019. Together these constitute the information required by DTR 6.3.5, which must be communicated in unedited full text, through a Regulatory Information Service. References in this announcement to the Company’s website are intended to refer only to the specific documents mentioned herein and not to other information available on that website.Page and note references in the text below refer to page numbers and notes in the Integrated Report and Accounts 2019.APPENDIXThe group’s principal risks and uncertainties:A description of the principal risks and uncertainties that the Company faces is extracted from pages 81 to 87 of the Integrated Report and Accounts 2019.Emerging riskCovid-19RiskThe global coronavirus pandemic involving the spread of Covid-19 presents a number of different risks to the business. The spread is rapid and the global economic outlook uncertain. We have a large workforce and operate in a wide range of business sectors in over 90 countries. It follows that the risks of adverse health and safety, operational and financial impacts arising from the pandemic and the associated governmental responses in the markets where we operate could be significant. The safety of our employees and those in our care is our first priority and is at the forefront of our response to the pandemic. The counter measures adopted by governments around the world as they seek to mitigate the impact of the pandemic, the resultant disruption and economic effect in the countries where we operate and the actions taken by our customers in response will impact on our operations and financial results leading to potential decreases in revenue, increases in costs and adverse effects on profits and cash flows.The most material immediate reductions in demand for our services as a result of pandemic-related restrictions have arisen in the ports & airports, transport & logistics and leisure & tourism sectors, which, together, represent around 6% of our annual revenues and in respect of our retained traditional cash businesses which represent around 4% of our annual revenues. There may be further demand reductions in other sectors driven by the economic effect of governmental restrictions, although this is likely to vary substantially from market-to-market and, in some cases, we are seeing increased demand in other sectors (for example in healthcare-related services in the Americas and Europe & Middle East regions). Increased operating costs are also likely to result from additional investment in personal protective equipment, increased workforce sickness levels and the need to furlough staff, although, in a number of geographies the impact of this is being mitigated by government financial support arrangements.Risk mitigationG4S has taken action across a wide range of fronts in mitigation of the risks presented by the pandemic. We have instituted protective measures for staff in the “frontline”, which in some cases included wearing protective equipment and guidelines to follow in certain security situations. All our regions have rolled out agreed Business Continuity Plans to ensure we are actively managing the disruption presented by this pandemic. We provide essential services for our customers and the continuation of these services is a key priority. Contingency plans have been implemented in consultation with our customers on whose sites we operate and we are implementing a range of measures to mitigate operational and commercial risks as they emerge.We are working closely with customers to understand their actions in response to the pandemic, in some cases requiring extra security services, in some reducing or suspending services. We are working diligently on redeploying and supporting our employees being affected by the change in demand from customers and ensuring we understand, and engage, the help and support available from various governments.From a funding perspective, we are adopting a prudent stance in relation to our liquid resources. We have a favourable debt maturity profile and a strong liquidity position, which has been further enhanced by the sale of the conventional cash businesses. The Board has not recommended payment of the 2019 final dividend and we have implemented strict cost and cash flow management measures to ensure we protect the Group’s financial position.Mitigation priorities for 2020We are responding dynamically to the rapidly changing situation that the Coronavirus pandemic has created. We will continue with our current focused management approach to protect the company and its key stakeholders until the impact of Covid-19 abates. Our priorities remain the health and safety of our staff, customer service, financial discipline and business continuity. Principal riskCulture and valuesRiskG4S operates in around 90 countries, and provides security for people, premises and valuable assets. Inevitably, our employees, customers and services are impacted by many different cultures that this scenario brings. Furthermore, we operate security services and solutions in environments involving detainees, victims of crime, people needing assistance, and other members of the public. Having an appropriate set of values strongly embedded as our corporate culture is very important to ensure employees meet our high expectations including compliance with our ethical business conduct standards. Failure to do so risks not delivering on our commitment to our colleagues, customers and other stakeholders and may fail to comply with legislation and international standards. In some cases, this could impact the Group’s performance, have an adverse effect on the Group’s reputation and lead to penalties or criminal action. Risk mitigationOur values, detailed on page 27, are continually reinforced to all employees through a variety of key processes including recruitment, induction training, and recognition schemes as well as communications materials. Our values-based training materials have been developed to reflect common experiences or particular challenges which come to light from whistleblowing cases, internal grievances or feedback from the global employee-engagement survey (most recently conducted in 2019). There are HR controls in place to ensure that the way we organise, acquire, protect, develop, engage and reward our employees is in line with our values, our expectations and applicable laws and regulations. Values ambassadors in businesses are helping to cascade values-related communications. For managers, the enhanced competency framework has helped guide the development of mandatory on-line training, which uses realistic scenarios to guide participants to make values-based decisions from a range of options in order to achieve the right outcomes in real situations. We continue to build awareness of the importance of living our values in our day to day activities and reward and recognition schemes continue to be aligned to our values. In everything we do, no matter how challenging the circumstances, we require our people to behave in line with our values and to be prepared to use our whistleblowing facility, Speak Out, if they become aware that others are not living up to our values.In 2019, we received 555 reports through Speak Out (2018: 519). All matters are reviewed and follow a standard process of consideration and potential investigation. Those of a serious nature are investigated at a senior and independent level. We have finalised our investigations in respect of 69% of those cases opened in the year, and will work to complete the remainder in 2020.Mitigation priorities for 2020During 2020, we will embark on a review and refresh of our policies around employee screening and vetting, our G4S onboarding programme, our bribery and corruption awareness training programme and our whistleblowing programme, including our investigation and close-out procedures. We aim to pursue a best-practice approach to business ethics, and to driving the appropriate behaviours in a global workforce. Specific actions relating to these programmes are covered throughout this report. We will devise methodologies and processes to measure our success in embedding the G4S values.Principal riskHealth and safety (H&S)RiskThe provision of security services to protect people and valuable assets, presents a unique mix of health and safety risks. The main categories are armed attacks, road safety, accidents on customer sites and firearms management. In addition to the potential to harm individuals, a breach of H&S regulations or not meeting customers’ standards could disrupt the Group’s business, have a negative impact on our reputation and lead to financial and regulatory costs. In 2019, 20 (2018: 24) employees lost their lives in work-related incidents, of which 9 (2018: 14) were as a result of armed attacks and 7 (2018: 7) were road-traffic incidents. There were 2 (2018: 9) non-natural deaths of people in our custody and one work-related death of a subcontractor.Risk mitigationOur goal is Zero Harm and we prioritise safety management to protect the health and well-being of our colleagues and those around us. Our controls reflect the risk profile of our industry and lessons from investigating incidents, including standards for road safety and firearm management. We have minimum requirements for H&S and firearms training, including bespoke modules for front-line staff. Performance is measured retrospectively through injury rates and more proactively through high potential incidents and compliance scores. All sites are inspected prior to deploying security officers to ensure the risks do not exceed our risk appetite.All businesses are expected to have workplace audits and inspections in place, and business leaders complete statements of compliance to G4S standards for H&S and firearms where applicable. Targeted reviews and support are provided by the corporate H&S function. Key controls are included in the scope of Internal Audit. During 2019 we continued to refine our controls such as the process of assessing site risks as well as training on road safety. We have utilised lessons learned from serious incidents to drive actions to prevent reoccurance, conducted mandatory induction training, firearm safety awareness training and conducted targeted reviews of high priority businesses. Mitigation priorities for 2020Since the start of 2020, our focus has progressively shifted to managing the impact of the Covid-19 pandemic (see page 81). In addition to following the advice of local authorities, we have introduced mandatory controls in all businesses. Work practices are being adjusted in consultation with our customers.Where possible we will continue to focus on our workplace inspections. We will strengthen our risk assessment processes for service lines which represent a different risk profile to our core manned guarding and cash services. We will investigate every serious H&S incident and strive to continuously refine our standards, policies, controls and training materials where we see an opportunity to reduce H&S risks further, using lessons learned from serious incidents to drive actions to prevent reoccurance. Principal riskLaws and regulationsRiskG4S operates under many complex and diverse regulatory frameworks, some of which have extraterritorial reach and many where regulations change frequently. Risks include: new or changed restrictions on foreign ownership; difficulties obtaining all relevant licences to operate; complying with employment legislation covering a wide range of requirements; complying with often complex and broad ranging local tax regulations; increasing litigation and class actions; bribery and corruption and complying with human rights legislation. Failure to meet the required standards can lead to higher costs from claims and litigation; inability to operate in certain jurisdictions, through either direct ownership or joint ventures; loss of management control; damage to our reputation; and loss of customer confidence. The investigation opened by the Serious Fraud Office (SFO) in 2013 in the UK, in respect of the Group’s Electronic Monitoring contract remains on-going and we are unable to predict the outcome with certainty. The Group continues to engage and co-operate fully with the SFO investigation, however based on currently available information and the broad range of possible adverse outcomes (including any one or a combination of the SFO prosecuting individuals and/or the G4S Group companies involved and ultimately if convicted, the imposition of significant financial penalties, possible debarment from future UK Government contracts, or the entering into a deferred prosecution agreement between the SFO and relevant G4S entities, with the potential, in certain circumstances, should a G4S entity or one or more of the Group’s current or former employees face criminal charges, to allow the Ministry of Justice to reopen the £108.9m settlement agreed and paid in 2014), the Group is unable to make a reasonable determination and a reliable estimate of the outcome of the on-going process.Risk mitigationOur policies and procedures clearly set out the requirement for local management teams to comply with all relevant laws and regulations. Group and regional leadership, together with our Ethics Committees at group and regional level provide oversight and support our businesses to mitigate the risks. We continue to conduct compliance reviews to enhance our understanding and compliance with legislation, including Human Rights legislation, ethical practices and codes of conduct. Group legal and regional leadership closely monitor changes in foreign ownership laws and make appropriate plans to respond. G4S continues to liaise with relevant governments and authorities to influence positively the regulatory environments in which we work.Mitigation priorities for 2020Given the complexity and impact of non-compliance in respect of this risk, the board and Executive team will focus on the enhancement of compliance with laws and regulations across all jurisdictions we operate in. We have enhanced our compliance structures to improve our three lines of defence in managing and monitoring the associated risk. This will include direct enquiry and oversight by group and region of local management to ensure these risks are fully understood and ensure that concerns are addressed appropriately with mitigation plans implemented promptly. Principal riskGeopoliticalRiskWe operate in many countries across the world, with wide-ranging government and political structures, different cultures with varying degrees of compliance with laws and human rights, particularly within conflict and post-conflict zones. We operate in varying and often volatile political environments, doing difficult and dangerous work for high profile customers. At the strategic level we acknowledge these risks as a part of the business we are in, and ensure we carefully assess the risks before entering a new country and keep the situation in high risk countries under review. At an operational level we deploy our expertise, take great care to monitor the situation and respond to threats appropriately, and employ effective operational controls to protect our business and our employees. The risk factors include: political volatility, including the outcome of elections and referendums affecting trade rules and regulations and changes in policies towards business, revolution, terrorism, military intervention, mistreatment of migrant workers and employees working for our suppliers. These risks impact us in many ways: the health and safety of our staff and customers; the continued operation of our businesses; and the ability to secure our assets and protect our financial performance.Risk mitigationIn markets where potential policy or trade agreements have a significant impact on our ability to trade we engage with national and international governments to promote the benefits that G4S brings to a market and an economy, to ensure that we minimise the impact of any trade restrictions or trade policy.We collaborate with our local partners; conduct early risk assessments before and during security assignments; develop robust operating procedures; and work closely with our local and global customers in managing the risks of operating in such environments. Our G4S Risk Management business has particular expertise in providing secure solutions in very high risk, low infrastructure environments.We have a clear commitment to respect human rights, which all businesses must comply with. All business units are required to annually self assess their compliance with human rights standards which are reviewed by group management and included in internal audits for the higher risk countries. We have also built awareness of human rights responsibilities across the business and our partners and are increasing engagement with suppliers to ensure they are also complying with international human rights standards. This is governed by a mandatory supplier code of conduct which includes anti-bribery and modern slavery requirements. A set of HR core standards which businesses have to confirm compliance with each year, include explicit reference to HR policies on screening, migrant workers (including their recruitment and accommodation) and practices which underpin the fair treatment of employees such as redundancy, grievances, and discrimination.Mitigation priorities for 2020In markets where potential government policy or trade agreements may have a significant impact on our ability to trade we will continue to engage with national and international governments to promote the benefits that G4S brings to a market and an economy, to ensure that we minimise the impact of any trade restrictions or trade policy. We will continue to monitor the results of human rights control self-assessments providing support with training and guidance where needed to further embed awareness and understanding of expectations. We will also continue to increase engagement with suppliers to ensure their compliance with human rights standards.Principal riskPeopleRiskAs one of the world’s largest employers, we recognise that there are challenges in attracting and retaining employees in such a diverse range of regions and countries. We face risks associated with recruiting, training, engaging, rewarding and managing people, as well as ensuring we retain critical talent to deliver increasingly sophisticated services through our employees. Screening and vetting is a particular challenge in some territories, which lack supporting infrastructure from the relevant authorities. Any incident where our people fail to meet expectations of customers and other stakeholders could lead to financial and reputational damage. Whilst our controls are robust we still face the risk of an employee not behaving in line with our values.Risk mitigationThe Group’s mandatory human resource standards cover core requirements for delivering the HR strategy, such as ensuring there are effective organisational structures in place, that employees are screened, inducted and trained to perform their jobs, and that there are appropriate mechanisms in place for managing on-going performance and recognising great performance. Compliance is self-assessed annually and reviewed by local, regional and group teams. Additionally, key HR controls are tested by internal audit during visits to the businesses. The HR Screening Policy has been revised and implemented and forms part of the assessment process for 2020. The performance and potential of managers across the Group is reviewed to identify development needs and build succession plans. We also deliver leadership programmes to nurture talented individuals early in their careers, and help them develop into more senior roles as they move through the organisation. Feedback from our global employee survey is used to develop initiatives which support employee engagement and development at all levels of the organisation. Staff turnover is a key indicator to us of employee satisfaction, and reducing it improves service excellence and reduces recruitment costs. During the year staff turnover reduced from 24.7% in 2018 to 23.7% in 2019.Mitigation priorities for 2020Compliance with our Core HR Standards will again be self-assessed during 2020 and reviewed by local, regional and group teams as well as tested by internal audit. Particular focus will be placed on the revised Screening and Vetting Policy, as well as reviews of in-country labour supply, laws and regulations. Direct support will be provided as necessary to enhance compliance with our standards. More detailed training is being prepared to ensure HR teams have a really good understanding of the core standards, why they are important and what actions they need to take to ensure compliance if there are any gaps.Principal riskGrowth strategyRiskOur focus is on the development and offering of innovative, integrated products and services and improving business efficiency to strengthen service excellence and support improved margins. We are focusing on higher value security solutions underpinned by technology, in addition to core service areas. We target territories where we feel we can grow our market offerings, as well as concentrate on overall customer service using an integrated service oriented approach to differentiate us from competitors.There are risks with adopting such a strategy: that we fail to create higher-value solutions that differentiate us from local commoditised competitors; that we fail to deliver our core services effectively and consistently; that we lose contracts or growth opportunities through price competition and market changes; that we fail to enter target markets successfully; that we become over-reliant on large customers; and that our business transformation initiatives do not deliver as expected. Risk mitigationWe focus on delivering excellent service through the best-practice service delivery guidelines in place for both Secure Solutions and Cash Solutions service lines. We have implemented an effective sales methodology focused on consultative selling which enables our customers to view our innovative integrated solutions offerings.We continue to innovate our product offering, including proprietary security systems, video and intelligent camera systems, video management systems, global security intelligence systems and software tools including incident-management systems such as RISK360 in our Secure Solutions business. For Cash Solutions, development would include: retail solutions, CASH360 and solutions for smaller retailers.Our global accounts programme supports and promotes our multinational accounts initiatives and our consistent focus on delivering excellent service to customers helps to drive customer satisfaction, retention and future growth.Mitigation priorities for 2020We will continue to drive the focus on customer needs and how our innovative and integrated service will add value. We will leverage the existing structural approach to understand customers requirements and proactively improve relationships and customer satisfaction. We will continue to innovate our product offering. We will focus energy on identifying emerging risks and take appropriate action as soon as practicably possible. The customer service and management structure is robust and effective, but continues to be enhanced and adapted to the changing environments. Principal riskInformation securityRiskInformation Security remains a focal point for many organisations. Regulations and sanctions relating to the potential failure to secure sensitive and confidential data, which we are entrusted with by customers, staff, suppliers and other stakeholders, drive risk in this area. Like all organisations, we face cyber attacks from a variety of sources which, if successful, could result in censure and fines by national governments; loss of confidence in the G4S brand and specific loss of trust by customers, especially those in government and financial sectors. Additionally, we face the risk of disruption to service delivery from system failures, incomplete backup routines, inadequate business continuity and disaster recovery plans.Risk mitigationThe IT function is centrally managed to control the way our systems are supported and run. We have “defence-in-depth” technologies (i.e. multiple layers of defence) in key systems to protect information entrusted to us. This helps to ensure policies and standards are applied consistently across all operating businesses. We are in Phase 3 of our cyber defence investment programme, which involves moving to a managed cloud platform, upgrading our operating systems and endpoint computing structures, further enhancing the security of our IT systems and infrastructure. We continue to manage cyber security threats through the use of managed cyber security products, centralised infrastructure management tools and cyber vulnerability assessments. We maintain and monitor our use of information security standards and guidance to ensure compliance with General Data Protection Regulation (GDPR) across the UK and Europe.Mitigation priorities for 2020We are more than halfway through the final phase of our Cyber Investment strategy, which is due to complete in Q2 2020. We are confident of achieving our objectives on a timely basis, enabling a more effective and agile cyber defence programme.We have developed a G4S Cyber Risk Assessment methodology enabled by a set of powerful tools that assess the enterprise risks caused by PC’s and user behaviour in real time. We will further develop and embed this methodology in 2020.Principal riskMajor contractsRiskThe Group operates a number of long-term, complex, high-value contracts with multinational companies, governments or strategic partners. Key risks include; accepting onerous contractual terms; poor mobilisation of contracts; not transitioning effectively from mobilisation to on-going contract management; not delivering contractual requirements; losses exceeding contractual liability limits; inaccurate billing for complex contracts; ineffective contract-change management; and not managing sub-contractors appropriately.Risk mitigationWe have strict thresholds for the approval of major bids, involving detailed legal review and senior management oversight. For a selection of our most significant contracts, independent reviews of all aspects of contract management and performance are completed with appropriate actions agreed and monitored to completion. We also perform a quarterly financial review of the top 25 and low-margin contracts in each region.For our large multinational customers, account managers oversee performance of these contracts across relevant countries and have regular updates with customers to ensure we deliver against contractual terms. We develop and maintain strategic partnerships in order to fulfil global customer needs in markets where G4S does not operate directly and maintain regular monitoring and communication processes to manage effective delivery. We have embedded into the Salesforce opportunity management tool our updated approval requirements to make compliance and monitoring more effective, and have introduced a global reporting platform for global strategic customers monitoring key performance metrics and risk indicators.Mitigation priorities for 2020While great improvements have been made in reducing the risk of taking on onerous contracts, we will continue to enhance the quality of the analysis used in the bidding process and ensure that lessons are learned from underperforming contracts. Internal audit will perform more contract reviews to ensure the risks in those contracts are appropriately mitigated. Principal riskBusiness separationRiskAfter an intensive review, the Group announced the approval of the separation of Cash Solutions from the business. As a result, various options for the separation were considered, including demerging to create two companies, a Global Secure Solutions business and a Global Cash Solutions business. However, we were approached by various investors interested in our conventional cash business and, as announced on 26 February 2020, we agreed to sell the majority of the conventional cash businesses to Brink’s (see page 16).A separation of this nature is always accompanied by risks such as: transformation risk borne out of the need to separate the business systems and processes; people and change risk, such as distraction from normal business focus, anxiety surrounding future roles; and future needs. Furthermore, operational and financial risk, project delivery risk, and strategic risks exist which may impact on customer and investor confidence and share price. Risk mitigationThe Cash Solutions business is a distinct and identifiable operation around the world which reduces much of the operational and financial risks. The agreement reached between the parties sets out a phased approach to handover of the affected businesses, with clear understanding of timelines and process. As is usual for a large transformation project, there are many dynamic workstreams and timelines, which are refreshed and reported on at regular intervals. The workstreams are risk assessed, managed and communicated to ensure clear activity in delivering the separation. Mitigation priorities for 2020The strategic priority is to deliver the separation of the disposal businesses within the timelines set, in a controlled and organised manner, and with the least possible disruption to the remaining business. Our transformation team is engaged and focused and has clear plans on the key separation areas such as systems, people, and the change agenda. Around 71% of the Transaction has completed as at 28 April 2020. Principal riskCash lossesRiskWe provide a wide range of cash-management services across the Group, including cash processing, fit-sorting of notes for recycling, holding funds on behalf of customers, secure storage, ATM services, as well as transporting high values of cash and valuables including international shipments. Our Retail Cash Solutions offering provides full outsourcing of the cash cycle.Our Cash Solutions business faces risks related to external attacks, internal theft, and administrative failure. This can lead to reputational damage, loss of profit, increased cost of insurance and health and safety considerations for our employees and the public.Risk mitigationOur Cash Solutions business focuses on the effective operational performance of the cash cycle, including physical security, cash reconciliations and cash management throughout our cash businesses, to reduce both the number and value of losses. We have continued to improve the Reconciliation and Operational Cash Controls procedures throughout our cash businesses and have concentrated on implementing the right processes through direct support from regions and the Group. Self assessments against these standards are performed twice a year by each branch and head office and compliance is supported and monitored by regional teams and through internal audit. We have clearly-defined, mandatory security principles and standards to secure our employees, cash holding facilities and vehicles. The region and local cash security teams are responsible for monitoring compliance with these security principles through self-assessments performed by local management. Internal audit conducts yearly audits to verify compliance based on individual country risk profiles and loss records. There are processes in place for monitoring attacks and cash losses to ensure early detection and lessons learned are communicated across the Group. Innovative security-defence products are enabled in the tracking of secure boxes, employees and vehicles. Mitigation priorities for 2020We will continue to drive excellence and improvement in our Reconciliation and Operational Cash Controls process, through a continuous improvement programme of reviewing and adapting standards, monitoring and assessing performance against those standards, and maintaining an effective cash management cycle.See page 16 for the details of the disposal of the majority of our conventional cash solutions businesses during 2020. This principal risk will be reviewed in 2020, as the Transaction completes. Related party transactions (note 38 to the consolidated financial statements, (page 230) Transactions and balances with joint ventures Transactions between the company and its subsidiaries have been eliminated on consolidation and are not disclosed in this note. Details of transactions between the Group and other related parties are disclosed below. All transactions with related parties are entered into in the normal course of business.Transactions with joint ventures included revenue recorded of £79m (2018: £60m) and purchases recorded of £nil (2018: £nil). Amounts due from related parties include £1m (2018: £2m) from joint ventures. Amounts due to related parties include £nil (2018: £nil) to joint ventures.No expense (2018: £nil) has been recognised in the year for impairment in respect of amounts owed by related parties. Up until the end of 2019 the Group had a legal interest in a number of joint ventures and joint arrangements, where the economic interest was divested by the Global Solutions Group prior to its acquisition by G4S plc in 2008. The Group’s legal interest in these entities was terminated during December 2019. Transactions with these entities during the year comprised: 2019 Services/sales to £m 2018 Services/sales to £m White Horse Education Partnership Limited 3 3 Integrated Accommodation Services plc 44 50 Fazakerley Prison Services Limited 43 41 Onley Prison Services Limited 18 17 UK Court Services (Manchester) Limited 2 2 East London Lift Company Limited 1 2 Total 111 115 The Group had outstanding balances of £12m due from these entities at 31 December 2018. Transactions with post-employment benefit schemes Details of transactions with the Group’s post-employment benefit schemes are provided in note 31. Unpaid contributions owed to schemes amounted to £0.1m at 31 December 2019 (31 December 2018: £0.2m). Transactions with other related partiesIn the normal course of the Group’s business the Group provides services to and receives services from certain non-controlling interests on an arm’s-length basis.Remuneration of key management personnel The Group’s key management personnel are deemed to be the non-executive directors and those individuals, including the executive directors, whose remuneration is determined by the Remuneration Committee. Their remuneration is set out below. Further information about the remuneration of individual directors included within key management personnel is provided in the audited part of the Directors’ Remuneration report on pages 124 to 148. 2019 £ 2018 £ Short-term employee benefits 7,636,207 8,168,995 Post-employment benefits 33,512 21,788 Other long-term benefits 24,630 33,514 Share-based payment 2,015,161 4,596,918 Total 9,709,510 12,821,215 Statement of directors’ responsibilities:The following responsibility statement is repeated here solely for the purpose of complying with Disclosure and Transparency Rule 6.3.5. This statement relates to and is extracted from page 152 of the Company’s Integrated Report and Accounts 2019. Responsibility is for the full Integrated Report and Accounts 2019, not the extracted information presented in this announcement and in the preliminary final results announcement.‘Statement of directors’ responsibilities in respect of the annual report and the financial statementsThe directors are responsible for preparing the Integrated Report and Accounts and the Group and parent company financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare group and parent company financial statements for each financial year. Under that law they are required to prepare the group financial statements in accordance with IFRSs as adopted by the EU and applicable law and have elected to prepare the parent company financial statements in accordance with UK Accounting Standards comprising FRS101 and applicable law.Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Group and parent company and of their profit or loss for that period. In preparing each of the group and parent company financial statements, the directors are required to: * select suitable accounting policies and then apply them consistently; * make judgments and estimates that are reasonable and prudent; * for the group financial statements, state whether they have been prepared in accordance with IFRSs as adopted by the EU, subject to any material departures disclosed and explained in the group financial statements; * for the parent company financial statements, state whether applicable UK Accounting Standards comprising FRS101 have been followed, subject to any material departures disclosed and explained in the parent company financial statements; and * prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group and the parent company will continue in business.The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Group and parent company’s transactions and disclose with reasonable accuracy at any time the financial position of the Group and parent company and enable them to ensure that its financial statements and Directors’ remuneration report comply with the Companies Act 2006 and, as regards the Group financial statements, Article 4 of the IAS Regulation. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the Group and to prevent and detect fraud and other irregularities. Under applicable law and regulations, the directors are also responsible for preparing a strategic report, directors’ report, directors’ remuneration report and corporate governance statement that comply with that law and those regulations. The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company’s website. Legislation in the UK governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.Directors’ responsibility statementEach of the directors in office at the date of this report, whose name is set out on pages 92 and 93 of this Integrated Report and Accounts, confirms that, to the best of his or her knowledge: * the financial statements in this Integrated Report and Accounts have been prepared in accordance with the applicable accounting standards and give a true and fair view of the assets, liabilities, financial position and results of the company and the Group; and * the management report required by DTR4.1.8R (contained in the strategic report and the Directors’ report) includes a fair review of the development and performance of the business and the position of the parent company and the Group taken as a whole, together with a description of the principal risks and uncertainties they face.The strategic report from the inside front cover to page 87 includes information on the group structure, the performance of the business and the principal risks and uncertainties it faces. The financial statements on pages 163 to 254 include information on the Group and the company’s financial results, financial outlook, cash flow and net debt and balance sheet positions. Notes 22, 25, 26, 29 and 30 to the consolidated financial statements include information on the Group’s investments, cash and cash equivalents, borrowings, derivatives, financial risk management objectives, hedging policies and exposure to interest, foreign exchange, credit, liquidity and market risks.Pages 163 to 245 contain information on the performance of the Group, its financial position, cash flows, net debt position and borrowing facilities. Further information, including financial risk management policies, exposures to market and credit risk and hedging activities, is given in note 30 to the financial statements. After making enquiries, including consideration of the potential financial impact on the Group of the Covid-19 pandemic, the directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future. For this reason the directors consider it appropriate to adopt the going concern basis in preparing the financial statements as explained in note 3 to the financial statements on page 168.Directors are also required to provide a broader assessment of viability over a longer period, which can be found on page 113 of the Integrated Report and Accounts.The directors consider that the Integrated Report and Accounts, taken as a whole, is fair, balanced and understandable and provides the information necessary for shareholders to assess the Group and parent company’s performance, business model and strategy.The statement of directors’ responsibilities and the strategic report are approved by a duly authorised committee of the board of directors on 29 April 2020 and signed on its behalf by Tim Weller, Group Chief Financial Officer.’Celine Barroche Company Secretary G4S plcLEI 549300L3KWKK8X35QR12Notes to Editors: G4S is the leading global 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 our markets. G4S is quoted on the London Stock Exchange and has a secondary stock exchange listing in Copenhagen. G4S is active in around 90 countries and has over 558,000 employees. For more information on G4S, visit www.g4s.com.
1 May 2020G4S PLCNOTIFICATION OF MAJOR SHAREHOLDINGThe company was notified on 30 April 2020 by Mondrian Investment Partners Limited, that, following a disposal of voting rights on 29 April 2020, it now holds less than 5% of the company’s total voting rights.Celine Barroche Company Secretary For further enquiries, please contact:For further enquiries please contact Helen Parris Director of Investor Relations+44 (0) 207 9633189 Media enquiries Sophie McMillanHead of media+44 (0) 759 5523483 Press office +44 (0) 207 9633333 Notes to Editors: G4S is the leading global 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 our markets. G4S is quoted on the London Stock Exchange and has a secondary stock exchange listing in Copenhagen. G4S is active in around 90 countries and has 558,000 employees. For more information on G4S, visit www.g4s.com.
30 April 2020G4S PLC(the “Company”) Reduction of awards of conditional shares under the Company’s 2020 Long Term Incentive Plan (“LTIP”) to persons discharging managerial responsibilities ('PDMRs')The Company is providing an update on the level of awards granted under the Company’s 2020 LTIP on 3 April 2020 as announced on 8 April 2020. Having reviewed these grants in the context of current market conditions and in line with a recommendation received from management, the Remuneration Committee has determined to exercise its discretion under the rules of the 2020 LTIP and reduce the number of shares under the 2020 LTIP awards by 25% in order to eliminate the potential for windfall gains. By making the adjustment upfront participants are provided with clear targets and incentives in order to look beyond the current Covid-19 pandemic and to achieve the demanding LTIP targets.Resulting changes to the level of conditional awards of ordinary shares under the Company's 2020 LTIP made on 3 April 2020 to two executive directors and eight other PDMRs are set out in the table below:Name of PDMR/Executive directorRoleOriginal level of grant under 2020 LTIP on 3 April 2020Revised level of grant under 2020 LTIP after 25% reduction Ashley Almanza Chief Executive Officer2,569,1671,926,875 Tim Weller Chief Financial Officer1,407,9421,055,956 Mel Brooks Regional President – Africa517,084387,813 John Kenning Regional CEO – Americas1,083,837812,878 Graham LevinsohnRegional CEO – Europe & Middle East799,738599,803 Søren Lundsberg-NielsenGroup General Counsel580,227435,170 Jesus RosanoDivisional CEO –Global Cash Solutions 722,698542,023 Stephane VerdoyGroup Sales & Marketing Director439,027329,270 Sanjay Verma Regional President – Asia612,425459,318 Debbie WalkerGroup Corporate Affairs Director435,795326,846 Allocations vest after three years and are subject to performance and employment criteria. Name of authorised official of issuer responsible for making notification:Celine Barroche, Company Secretary
30 April 2020G4S plc Q1 2020 Trading Update G4S provides the following update for the three months ended 31 March 2020. Unless stated otherwise, all figures and commentary relate to underlying results, are unaudited and stated at March 2020 exchange rates. All comparisons are with the first quarter of 2019 unless otherwise stated and are presented on a proforma basis that excludes all conventional cash businesses sold to Brink’s on 26 February 2020.Commenting on first quarter trading, G4S Group Chief Executive Officer, Ashley Almanza said:“Organic growth in revenues was 2.5% compared with the first quarter of 2019.In response to the Covid-19 pandemic, we have taken significant action to reinforce health and safety measures for employees and customers, assure service delivery and to protect the company’s financial performance, cash flow and financial position.Following growth in the first two months, revenues were unchanged year-on-year for the month of March, principally reflecting the impact of the Covid-19 pandemic on the remaining conventional cash businesses.As our services have been designated as essential in all of our major markets the overwhelming majority of our employees continue to support our customers, including in the provision of additional services in some markets.As indicated in more detail below, there are some sectors which will be adversely impacted by the pandemic and considerable uncertainty remains about the level and duration of the economic downturn in our major markets. We have therefore taken significant steps to reduce our costs and to underpin our cash flows. Including the incremental restructuring savings of £20 million (annualised) that we are targeting post the completion of the sale of our conventional cash businesses, we have, to date, identified direct and indirect cost savings of around £100 million this year.We have continued to make good progress with the completion of the sale of most of the Group’s conventional cash businesses and have to date completed around 71% of the transaction, realising £518 million in cash proceeds.The US federal social security tax deferral programme is expected to provide the Group with a net cash flow benefit of around £50 million, most of which will crystallise in the second half of the year. Curtailing discretionary capital investment provides an additional opportunity to preserve financial flexibility.Despite the economic uncertainty, the Board is confident that the Group’s diversified revenue base, financial strength and liquidity provide the Group with substantial and sustainable resilience. With the sale of our conventional cash businesses and the actions we are taking in response to the pandemic, we aim to emerge as a leaner and focused market leader in the global delivery of technology enabled security solutions”Performance in Q1 2020 Group revenues were 2.5% higher than the first quarter of 2019, with 2.9% growth in Secure Solutions and 2.3% decline in Cash Solutions. Revenues in March were broadly unchanged year-on-year.Throughout the period of the pandemic to date, G4S has maintained a high level of business continuity and has only had to furlough employees in exceptional circumstances. The most significant adverse impact of Covid-19 has been, as expected, in our Europe & Middle East region across the events, leisure and tourism, aviation, ports and transport and logistics security segments (these segments typically represent, in aggregate, around 6% of Group revenues) and the UK cash solutions business (3% of Group revenues).Secure Solutions revenues were 2.9% higher with growth in the Americas (+6.9%) and Asia (+4.2%). Revenues in Africa were unchanged and our Europe & Middle East region declined by 1.4%. Secure Solutions revenues for the month of March were up 1.4% compared with March 2019.Cash Solutions revenues declined by 2.3% in the quarter and in March were 13.3% lower year-on-year.Covid-19 pandemicG4S has taken a number of actions since the start of the pandemic including: * Implementing enhanced health and safety procedures, including the use of personal protective equipment, increased hygiene resources, social distancing and other measures to support the safe delivery of our services. * Using an employee welfare fund to provide additional assistance to employees. * Offering additional services to support customers. * Reducing direct and indirect costs by around £100 million this year, including the acceleration of previously announced programmes. * The Executive Directors and certain senior executives will not be paid bonuses for 2019, and are suspending their participation in the 2020 bonus programme and 2020 annual salary increase. * Reducing LTIP awards for 2020 by 25%. * Suspending the final 2019 dividend of £95 million. * Deferring around £50 million tax payments to 2021 under a US federal social security programme. * Targeting discretionary capital investment savings of around £20 million. LiquidityThe Group has adopted a prudent stance in relation to liquid resources. We have a favorable debt maturity model, and a strong liquidity profile, which are further boosted by the proceeds being realised from the previously announced sale of conventional cash business. Consistent with this prudent approach, the Board decided to suspend the 2019 final dividend payment, and management has implemented robust cost and cash flow control measures. At 31 March 2020 the Group had liquid resources of £1.1 billion comprising cash, cash equivalents and bank overdrafts of £0.6 billion and committed, unutilised credit facilities of £0.5 billion. This liquidity has been enhanced further subsequent to the first quarter through the receipt of around £0.45 billion of disposal proceeds in respect of the sale of the conventional cash businesses to Brink’s. On 31 March 2020, Standard & Poor’s re-affirmed the Group’s credit rating as BBB- with a stable outlook.For further enquiries please contact Helen Parris Director of Investor Relations+44 (0) 207 9633189 Media enquiries Sophie McMillanHead of media+44 (0) 759 5523483 Press office +44 (0) 207 9633333 Supplementary informationResults for the six months to 30 June 2020 will be published in August 2020.Notes to Editors: G4S is the leading global 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 our markets. G4S is quoted on the London Stock Exchange and has a secondary stock exchange listing in Copenhagen. G4S is active in around 90 countries and has 558,000 employees. For more information on G4S, visit www.g4s.com.
28 April 2020G4S plc Progress on completion of conventional cash transactionG4S, the leading global security company is pleased to report that it has now completed and received approximately 71% of the proceeds anticipated from the sale of its conventional cash businesses to The Brink’s Company (“Brink’s”) that was announced on 26 February 2020. Under the agreement with Brink’s, the Group has sold the majority of its conventional cash businesses for an enterprise value of £727 million, with expected net cash proceeds of approximately £670 million. The substantial majority of the remaining completions are scheduled to occur during 2020.The sale of the majority of the conventional cash businesses greatly enhances the Group’s strategic, commercial and operational focus and strengthens further its financial position.As reported in our 2019 annual results, as at 31 December 2019 the Group had substantial liquid resources of £1.3 billion comprising cash, cash equivalents and bank overdrafts of £0.5 billion and committed, unutilised credit facilities of £0.8 billion. The Group had gross outstanding bank loans and loan notes of £2.3 billion as at 31 December 2019 of which only £56 million is scheduled for repayment in 2020.For further enquiries, please contact:For further enquiries please contact Helen Parris Director of Investor Relations+44 (0) 207 9633189 Media enquiries Sophie McMillanHead of media+44 (0) 759 5523483 Press office +44 (0) 207 9633333 Notes to Editors: G4S is the leading global 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 our markets. G4S is quoted on the London Stock Exchange and has a secondary stock exchange listing in Copenhagen. G4S is active in around 90 countries and has 558,000 employees. For more information on G4S, visit www.g4s.com.
24 April 2020G4S PLCCHANGES TO BOARD COMMITTEE MEMBERSHIPG4S plc, the leading global security company announces the following changes to its committee membership with immediate effect: * Steve Mogford becomes chair of the Risk Committee. * John Ramsay joins the Risk Committee. * Barbara Thoralfsson joins the Audit Committee. As a result, the membership of these committees is as follows:Nomination CommitteeCSR Committee Risk CommitteeAudit CommitteeRemuneration Committee John Connolly (chair) Elisabeth Fleuriot (chair) Steve Mogford (chair)John Ramsay (chair)Clare Chapman (chair) Steve Mogford Winnie FokAshley AlmanzaSteve MogfordElisabeth Fleuriot Barbara Thoralfsson John RamsayJohn ConnollyBarbara ThoralfssonWinnie Fok John Ramsay Barbara Thoralfsson Tim Weller For further enquiries, please contact: Helen ParrisDirector of Investor Relations+44 (0) 207 963 3189 Media enquiries: Sophie McMillanHead of Media+44 (0) 759 5523483 G4S Press Office +44 (0) 207 963 3333 Notes to Editors:G4S is the leading global 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 our markets. G4S is quoted on the London Stock Exchange and has a secondary stock exchange listing in Copenhagen. G4S is active in around 90 countries and has 558,000 employees. For more information on G4S, visit www.g4s.com.
21 April 2020G4S plc Progress on completion of conventional cash transactionG4S, the leading global security company is pleased to report that it has now completed and received approximately 64% of the proceeds anticipated from the sale of its conventional cash businesses to The Brink’s Company (“Brink’s”) that was announced on 26 February 2020. Under the agreement with Brink’s, the Group has sold the majority of its conventional cash businesses for an enterprise value of £727 million, with expected net cash proceeds of approximately £670 million. The substantial majority of the remaining completions are scheduled to occur during 2020.The sale of the majority of the conventional cash businesses greatly enhances the Group’s strategic, commercial and operational focus and strengthens further its financial position.As reported in our 2019 annual results, as at 31 December 2019 the Group had substantial liquid resources of £1.3 billion comprising cash, cash equivalents and bank overdrafts of £0.5 billion and committed, unutilised credit facilities of £0.8 billion. The Group had gross outstanding bank loans and loan notes of £2.3 billion as at 31 December 2019 of which only £56 million is scheduled for repayment in 2020.For further enquiries please contact Helen Parris Director of Investor Relations+44 (0) 207 9633189 Media enquiries Sophie McMillanHead of media+44 (0) 759 5523483 Press office +44 (0) 207 9633333 Notes to Editors: G4S is the leading global 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 our markets. G4S is quoted on the London Stock Exchange and has a secondary stock exchange listing in Copenhagen. G4S is active in around 90 countries and has 558,000 employees. For more information on G4S, visit www.g4s.com.
9 April 2020G4S plc (“G4S” or the “Company”) Update on Publication of Integrated Report and Accounts 2019 and Annual General Meeting 2020G4S, the leading global security company, provides an update on the expected date of publication of its Integrated Report and Accounts 2019 and the date of its 2020 annual general meeting (“AGM”). The Group’s preliminary annual results for the year ended 31 December 2019 were published on 11 March 2020. On 26 March 2020, the Financial Conduct Authority published a Statement of Policy regarding delaying annual company accounts during the coronavirus crisis. To be compliant with this guidance, the Group announces its Integrated Report and Accounts for the year ended 31 December 2019 will be published during week commencing 27 April 2020. Consequently and as a result of the requirements of the UK Government regarding social distancing, the Company further announces that its AGM, currently scheduled for 15 May 2020, will be held at a later date, no later than 30 June 2020. Details of the revised date and arrangements for the AGM will be provided as soon as possible. The board considers it important for shareholders to have the opportunity to attend the meeting if they are able to do so and is hopeful that circumstances will improve and that shareholders will be able to attend the meeting at such later date if restrictions on public gathering and social distancing requirements are relaxed. The Group’s Q1 2020 trading update will be made on 30 April 2020. Details of an investor and analyst call with the management team will be provided nearer the time.The updated financial calendar for the remainder of 2020 is as follows:Week commencing 27 April 2020Publication of Integrated Report and Accounts 30 April 2020Q1 2020 Trading Update By 30 June 2020Annual General Meeting August 2020Announcement of half-year results to 30 June 2020 November 2020Q3 2020 Trading Update For further enquiries please contact Helen Parris Director of Investor Relations+44 (0) 207 9633189 Media enquiries Sophie McMillanHead of media+44 (0) 759 5523483 Press office +44 (0) 207 9633333 Notes to Editors: G4S is the leading global 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 our markets. G4S is quoted on the London Stock Exchange and has a secondary stock exchange listing in Copenhagen. G4S is active in around 90 countries and has 558,000 employees. For more information on G4S, visit www.g4s.com.
Legendary stock trader Paul Tudor Jones once said: “At the end of the day, the most important thing is how good are you at risk control.quot; Yet it is all to8230;
Legendary stock trader Paul Tudor Jones once said: “At the end of the day, the most important thing is how good are you at risk control.quot; Yet it is all to8230;
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