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Westminster Group welcomed news that new Tema Port facility in Ghana had been formally opened today.
The company had last month entered into an agreement with a Ghanaian company Scanport regarding a contract to manage, operate, maintain and upgrade, as necessary, the container screening services at the port.
Negotiations were also being held regarding the scope of work.
'These negotiations are proceeding, and draft contracts have now been exchanged,' Westminster said.
'Westminster's revenues will commence once the final terms have been agreed and the formal contract finalised.'
'Further details will be announced in due course.'
At 2:06pm: (LON:WSG) Westminster Group PLC share price was +2p at 13.25p