Westminster Group PLC
17 July 2007
17th July 2007
Westminster Group Plc
Pre close trading statement
Westminster Group Plc ('Westminster'), the AIM listed supplier of system
solutions and products to the security, defence, fire protection and safety
markets worldwide, is pleased to announce that enquiry levels from prospective
customers have been higher than anticipated and, in consequence, your board is
hopeful for a strong sales performance later in the year.
In the period from 1 June 2007 to 13 July 2007, Westminster received 169
enquiries and issued 95 quotations for, in aggregate, some £83 million. At 13
July 2007 Westminster's open quote book totalled some £370 million.
As stated in the Admission Document, the conversion of quotes to orders in the
first half of the current financial year was slower than originally anticipated.
However, given the current level of the open quote book the Westminster board
remains confident of a strong outcome for the year as a whole.
It is anticipated that the interim results for the six months to 30 June 2007
will be announced in the third week of September.
Enquiries
Peter Fowler, Chief Executive 01295 756 300
Westminster Group plc
Charles Cunningham 0207 660 1598
JM Finn & Co. Ltd
Tom Cooper/Paul Vann 0117 920 0092
Winningtons Financial
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. It was
admitted to the Alternative Investment Market of the London Stock Exchange in
June 2007 at which time it raised approximately £2.5million net of expenses by
way of a Placing of 4,537,336 new Ordinary Shares at 67.5pence per share through
J M Finn & Co Ltd, the Company's nominated adviser and broker. Its market value
at flotation was £10million.
Westminster's principal activity is the design, supply and ongoing support of
advanced technology security solutions. 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
This information is provided by RNS
The company news service from the London Stock Exchange
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