Progress on completion of conventional cash transaction

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.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.