Financing

RNS Number : 3447Z

Westminster Group PLC

26 May 2016

 

26 May 2016

Westminster Group Plc:

("Westminster" or "the Company")

Financing Discussions

Further to the announcement of 12 May 2016, the Board of Westminster Group wishes to provide an update on the Company's financing discussions. 

The Company is currently in dialogue with several financing partners and at this stage does not believe that it will need to issue a circular to call a separate general meeting.  The proposals to restructure the Company's share capital outlined in the announcement of 12 May 2016 are now expected to be put to the Annual General Meeting of the Company which is expected to be held on 30 June 2016. The notice of Annual General Meeting is expected to be posted to shareholders on or around 7 June 2016.

For further information please contact:

Westminster Group plc.	Tel: [phone]
Peter Fowler (Chief Executive)
Ian Selby (Chief Financial Officer)
S. P. Angel Corporate Finance LLP (NOMAD & Broker)	Tel: [phone]
Stuart Gledhill
Walbrook PR (Financial PR)	Tel: [phone]
Tom Cooper/Paul Vann	0797 122 1972
	[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, 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 ferry services, 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.  For further information please visit www.wsg-corporate.com

 

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