Member Info for MikeGP

Thank you Mb!

L,.. is your decimal point in the right place??

I was waiting for Linton,... but... let's get it going ..close of play Monday eve for the sweep///..\

4.0p MikeGP

Not that surprising,.. albeit taken a time.---- revenues from DRC at min $10mill/annum for 10-15 years.... and project based finance secured.

Another MSC close to contract ..... and SL Freetown Airport at record levels and increasing, with the new international terminal open.

Tick! Tock!

LINTON.

end of JULY.... why not?..... you have the honor!!!!

The contract is based on Westminster's managed services model successfully deployed elsewhere in Africa. Revenues will be driven by embarking passenger numbers using the airports and funded by a per passenger fee, denominated in US$, collected through the ticketing system and payable directly to Westminster by the airlines or a suitable collection agency such as the International Air Transport Association ('IATA'). Based on current international embarking passenger levels, the contract is expected to generate revenues of circa US$10m in the first 12 months of operation. In addition, there is an opportunity under the contract for further revenues, in due course, from domestic traffic and cargo screening operations.

The contract includes a 90-day transition period to allow for operational planning and recruitment processes to be completed. Operations and revenues are therefore expected to formally commence in July 2024, although Westminster will immediately deploy its transition team to commence planning, recruitment, training, procurement and logistics.

Westminster Group Plc

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

£1.5m Convertible Loan Note Agreement

Westminster Group Plc (AIM: WSG), a leading supplier of managed services and technology-based security solutions worldwide, is pleased to announce that it has entered into an agreement for a Convertible Loan Note ("CLN") facility with Pantheon A Family Office Limited (the "Lender") to raise up to £1.5 million for ongoing specific contract financing and working capital.

Under the terms of CLN, which has a term of three years (the "Term"), the Company will issue 10 £100k freely transferable notes to draw down £1 million immediately, with a further £500k available at the Company's request and Lender's discretion. The Company will pay a 10% coupon per annum, payable monthly on funds drawn down, but with an initial six-month deferment of interest payments. The Lender has the right to convert the principal amount of the notes into ordinary shares of 0.1p each in the capital of Westminster ("Ordinary Shares"), in multiples of £100k at any time after 12 months from drawdown, at a fixed conversion price of 3p per share (representing a premium of approximately 22.45% to the middle-market closing price on 28 June 2024), subject to orderly market arrangements on any subsequent disposals.

The value of outstanding CLNs will be secured by a debenture subordinate to any charge created by the Company's UK lending banks. Any outstanding CLNs at the end of the Term will be repaid in cash. The CLN contains market standard terms and covenants for such a project financing facility linked to the financing of specific projects. Upon conversion the Lender will enter into a Management Agreement with the Company under which the Lender agrees to support reasonable recommendations and decisions of the Board and if there are any outstanding CLNs the Company has agreed not to issue further new Ordinary Shares without the Lender's approval, with such approval not to be unreasonably withheld.

The Company was advised on the transaction by Pantheon International Advisors ("Pantheon") and under the terms of its engagement, Pantheon will receive a cash commission fee of 6% of funds drawn down under the facility, deferred for six-months. Pantheon will also receive 1 million warrants over Ordinary Shares with an exercise price of 10p each for a term of three years.

Peter Fowler, Chief Executive of Westminster, said:

"We have previously announced that the Company had engaged with specialist corporate advisors to secure project-based debt capital to assist in the delivery of the Company's opportunities and contract awards. I am delighted, therefore, to secure this funding from the investor concerned who has been extremely supportive of Westminster's business model and shares the board's belief in the Company's growth prospects."

Sorry... these should have been on the list..


4.00p MikeGP 



4.20p Woodys



4.21p masterbaker

Nice try Linton with the ye olde worldye... le;'s round it it up... shenanigans!

BUT!.. Sadly no!----- on a brighter note,.. no-one called it spot on ie 2.45p.... HOWEVER..... you are stilll joint top of the table.... with Trout 1 at 2.4p and you at 2.5P!

So congrats to you,..... tope of the table May and June.... and congrats to Trout1!--- Bragging rights to you both.

So Linton,... what are the lottery number for next week?!!!!

2.0p McDoule

2.30p Stephen FryUp

2.40p Trout1

2.50p Linton

2.60p Aiming High

2.70p Lowrisktrader

2.80p Hotairhoefully

2.9p Reece



3.10p HoofHeartedAgain 



3.55p Daffy Picker 


3.70p Ian.B


3.8p Mozax

3.90p manxgolfer

4.00p MikeGP 

4.20p Woodys 

4.21p masterbaker

8.88p Troajan

Aiming.... apologies,... you 're absolutely right......that is what I meant.

Best

Mike

From the Investor Presentations... it was made clear by PF and MH,... that they had several equity finance offers on the table,..----

So the longer that this goes on,... without them having to take on the inevitable 'debt' package,, the more positive I believe this to be. The second MSC they mentioned,..which they suggested was close to coming to fruition.. may also be nearing a completion.

With numbers up in Freetown and the new terminal,..... this could be a very exciting few months.

Https://southernafricantimes.com/judith-suminwa-tuluka-sworn-in-as-first-female-prime-minister-of-the-democratic-republic-of-the-congo/

"Judith Suminwa Tuluka made history on Wednesday as she was sworn in as the first female prime minister of the Democratic Republic of the Congo (DRC). The National Assembly, the lower house of the DRC parliament, saw Tuluka and her 54-member government officially take office after deputies approved her action programme with the requisite absolute majority.

In her inaugural address on Tuesday afternoon, Tuluka expressed her pride in shattering the “glass ceiling” to become the first Congolese woman to serve as prime minister. “By assuming this position, I am fully aware of the historical importance of this moment and the symbolism of this appointment for the Congolese nation. I feel both the weight of the responsibility on me and an immense pride in the idea of representing within the Republic, the culmination of the efforts of all Congolese men and women tending to break the famous ‘glass ceiling’,” she remarked.

Tuluka outlined an ambitious plan for the nation, which includes the creation of approximately 2.6 million jobs and the establishment of an academy of mathematics and artificial intelligence in Kinshasa. Her programme also addresses key areas such as national security, economic diversification, infrastructure connectivity, public services, and climate change.

-------

Infrastructure and national Security issues listed amongst the priority items to be addressed....

However,... an increase in the wealth of the nation, which will result from the increase in demand for Cobalt, willl result in wealthier individuals,.... which tends to hand in hand with travel,.... and this will have long terms growth implications in terms of the aviation industry. If only we had a 10+5yrs contract including the largest international airport in the DRC. ------ oh,..... and have you seen the current upgrade to DRC's Port,...... due to open 2025?... hmmm ...

Where did I say it was going to be shipped by plane?

I said it was interesting background info on DRC's mineral resources!

You doom mongers need to up your game.--- revenues from our airport contract starting soon. Tick Tock.

WSG... at this event next week,, 19th-20th, at Excel in London.

WSG:

"Experience Evolv Express at this year's Counter Terror Expo! Visit our stand to see this advanced security screening system in action. June 19th & 20th at London Excel."

and.

"We are thrilled to be working with CEIA to bring OPENGATE to the Counter Terror Expo this year. Visit the show to experience state-of-the-art walk-through screening"

Interesting to see if it generates any new kit orders, or grading contracts.

ttps://ctexpo.co.uk/conference/

Very interesting background article to the growth potential of mineral extraction in DRC, and why this country id being targeted by the USA and others.

"The International Energy Agency estimates that manufacturers of clean energy technologies will need forty times more lithium, twenty-five times more graphite, and about twenty times more nickel and cobalt in 2040 than in 2020. Due to this global shortage of critical minerals, Africa—which is home to around 30 percent of the world’s mineral reserves—has become a site of great power competition. The DRC and Zambia, in particular, are among the world’s leading producers of certain critical minerals. The DRC produces close to 70 percent of the world’s cobalt, which is essential for the production of EV batteries (see figure 1)."

https://carnegieendowment.org/research/2023/08/what-a-us-drc-zambia-electric-vehicle-batteries-deal-reveals-about-the-new-us-approach-toward-africa?lang=en

Ooohhh Noooo.!

End of June- mid price close.

2.0p McDoule

2.30p Stephen FryUp

2.40p Trout1

2.50p Linton 

2.60p Aiming High 

2.70p Lowrisktrader

2.80p Hotairhoefully

2.9p Reece

3.10p HoofHeartedAgain 

3.55p Daffy Picker 


3.70p Ian.B


3.8p Mozax

3.90p manxgolfer

4.00p MikeGP 

4.20p Woodys 

4.21p masterbaker

8.88p Troajan

Trajan,... I hope you are right!!!!!

"

Westminster Group PLC

@wg_plc

·

1h

The DRC is set to inaugurate its new government next week, about five months after President Felix Tshisekedi began his second term in January.

This is 𝐕𝐄𝐑𝐘 positive for #WSG and we have been active in the media, congratulating various ministers…"

https://x.com/wg_plc/status/1798706845684793682

---

....... more to come from the DRC..... sounds VERY positive?