Westminster Group PLC Posting of Circular (6579H)
04 Diciembre 2020 - 09:31AM
UK Regulatory
TIDMWSG
RNS Number : 6579H
Westminster Group PLC
04 December 2020
Westminster Group Plc
('Westminster', the 'Group' or the 'Company')
Posting of Circular
Westminster Group Plc (AIM:WSG), a leading supplier of managed
services and technology-based security solutions worldwide, is
pleased to announce that it is today posting a Circular to
Shareholders convening a General Meeting in respect of the Placing
and Share Capital Reorganisation as announced yesterday.
The Circular will shortly be available on the Company's website,
www.wsg-corporate.com/investor-relations/publications.
The General Meeting will be held at 8.00 a.m. on 21 December
2020 at Blacklocks Hill, Banbury Lane, Banbury, Oxfordshire, OX17
2BS. In light of the current Covid-19 situation, the General
Meeting will be held as a closed meeting.
The Board considers the Placing and Share Capital Reorganisation
will put the Company in a stronger position for the next stage of
its development by providing working capital to support the growth
and delivery of the pipeline of near-term potential major projects,
together with recently secured contracts, whilst also strengthening
its balance sheet by the removal of debt, saving approximately
GBP0.3 million in annual interest and fees.
The Board therefore unanimously recommends that Shareholders
vote in favour of the Resolutions to be proposed at the General
Meeting, as those Directors who hold Existing Ordinary Shares have
irrevocably undertaken to do.
Capitalised terms are as defined in the Company's 7.01 am
announcement released on 3 December 2020.
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
Strand Hanson Limited (Financial & Nominated
Adviser)
James Harris 020 7409 3494
Ritchie Balmer
Arden Partners plc (Broker)
Richard Johnson (Corporate)
Tim Dainton/Simon Johnson (Broking) 020 7614 5900
Walbrook (Investor Relations)
Tom Cooper 020 7933 8780
Paul Vann
Nick Rome Westminster@walbrookpr.com
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.
The Westminster Group Foundation was formed in 2014 as an
initiative of Westminster Group plc. during the West African Ebola
Crisis.
The Foundation's goal is to support the communities in which the
Group operates by working with local partners and other established
charities to provide goods or services for the relief of poverty
and the advancement of education and healthcare particularly in the
developing world.
The Westminster Group Foundation is a Charitable Incorporated
Organisation, CIO, registered with the Charities Commission number
1158653.
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END
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