Conversion of CLN & TVR

RNS Number : 3621B

Westminster Group PLC

07 October 2020

 

Westminster Group Plc

('Westminster', the 'Group' or the 'Company')

CLN Conversion and Total Voting Rights

Westminster Group Plc (AIM: WSG), a leading supplier of managed services and technology-based security solutions worldwide has been notified by holders of Convertible Loan Notes ('CLNs') that they have elected to convert CLNs to the value of £18,750 into 187,500 ordinary shares. This latest conversion further reduces the outstanding CLN amount to £1,477,000 with a corresponding reduction in interest charges.

Application will be made for these shares, which will rank pari passu with the Company's existing issued ordinary shares, to be admitted to trading on AIM.  It is expected that Admission will become effective and that dealings on AIM will commence at 8:00am on or around 13 October 2020.

In accordance with the Financial Conduct Authority's Disclosure Guidance and Transparency Rules ('DTRs'), the Company hereby announces that it has 161,527,511 ordinary shares of 10p each in issue, none of which are held in treasury. Therefore, the total number of voting rights in the Company is 161,527,511.

The above figure of 161,527,511 may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the DTRs.

 For further information please contact:

Westminster Group Plc	Media enquiries via Walbrook PR
Rt. Hon. Sir Tony Baldry - Chairman
Peter Fowler - Chief Executive Officer
Mark Hughes - Chief Financial Officer
S. P. Angel Corporate Finance LLP (NOMAD & Broker)
Stuart Gledhill	020 3470 0470
Caroline Rowe
Walbrook (Investor Relations)
Tom Cooper	020 7933 8780
Paul Vann
Nick Rome	[e-mail]

Notes:

Westminster Group plc is a specialist security and services group operating worldwide via an extensive international network of agents and offices in over 50 countries.

 Westminster's principal activity is the design, supply and ongoing support of advanced technology security solutions, encompassing a wide range of surveillance, detection (including Fever Detection), tracking and interception technologies and the provision of long-term managed services contracts such as the management and running of complete security services and solutions in airports, ports and other such facilities together with the provision of manpower, consultancy and training services. The majority of its customer base, by value, comprises governments and government agencies, non-governmental organisations (NGO's) and blue-chip commercial organisations.

 

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