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 
Rt. Hon. Sir Tony Baldry - Chairman 
Peter Fowler - Chief Executive Officer 
Mark Hughes - Chief Financial Officer 
Strand Hanson Limited (Financial & Nominated 
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 


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) Dow Jones Newswires

December 04, 2020 10:31 ET (15:31 GMT)

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