Stmnt re Share Price Movement

RNS Number : 0542H

Westminster Group PLC

30 October 2008

 



For Immediate Release                                                                                                 30th October 2008

Westminster Group Plc

Share Price Movement

The Directors of Westminster Group Plc ('Westminster' or 'the Company'), the AIM listed supplier of system solutions and products to the security, defence, fire protection and safety markets worldwide, have noted the recent price movement in the company's shares which they believe is the result of a forced seller in the market.

The Directors are pleased to confirm that Westminster is trading in line with expectations and is seeing the benefits of initiatives taken to develop the business since flotation last year.

The Company is also pleased to report that it is in detailed discussions with a major product manufacturer to establish a distributorship in the Middle East, which the Board believes would have a significant positive impact on its business.  A further announcement will be made in due course.

Enquiries:

Peter Fowler                                     01295 756 300

Chief Executive - Westminster Group Plc

Nicholas Mearing-Smith                   01295 756 300

Finance Director - Westminster Group Plc

Clive Carver/Charlie Cunningham    020 7600 1658

FinnCap

Tom Cooper/Paul Vann                    020 3043 4162

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.

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.

 

END

 

 

SPMBDBDGUUXGGIG