Issue of Equity

RNS Number : 2574K

Westminster Group PLC

15 April 2010

 



15th April 2010

Westminster Group Plc:

Placing of 747,000 New Ordinary Shares at a Placing Price of 33.5 pence to raise £250,245 before expenses

Westminster Group Plc ('Westminster' or 'the Group'), the AIM listed supplier of system solutions and products to the security, defence, fire protection and safety markets worldwide, announces that it has successfully placed 747,000 New Ordinary Shares at a placing price of 33.5p to raise £250,245 before expenses.

The proceeds of the placing will be used to supplement the working capital requirements of Westminster Group. 

Application will be made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM. It is expected that such Admission will become effective and that dealings will commence at 8.00 a.m. on 21^st April 2010.

The New Ordinary Shares will, when issued, rank pari passu in all respects with the existing Ordinary Shares.

Commenting on the placing Peter Fowler, Chief Executive of Westminster Group, said:

"Through this placing we welcome three new institutional shareholders to the shareholder register of Westminster Group.  The growth and the prospects of our business have attracted attention, both within our industry and the financial markets.  It is pleasing therefore to see institutions actively investing in Westminster."

Enquiries:

Peter Fowler                                       01295 756 300

Chief Executive - Westminster Group Plc

Nicholas Mearing-Smith                      01295 756 300

Finance Director - Westminster Group Plc

Nandita Sahgal                                    020 7107 8000

Catherine Leftley

Seymour Pierce                                 

Tom Cooper/Paul Vann                      0117 985 8989

Winningtons Financial                        0797 122 1972

Notes:

Westminster Group plc is a leader in the supply of system solutions and products to the security, defence, fire protection and safety markets worldwide.

Westminster's principal activity is the design, supply and ongoing support of advanced technology security solutions, risk assessments and close protection services. These can range from product only assignments, such as the supply of specialised scanners, to the design and implementation of an integrated system solution such as a border detection and surveillance system. The majority of its customer base, by value, comprises governments and government agencies, non governmental organisations and blue chip commercial organisations.

 

END

 

 

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