Last checked at 18 Dec 2013 10:50
18 December 2013
Westminster Group plc
('Westminster' or the 'Company')
Conversion of Options
The Company has received a notification from the holder of 300,000 options granted on 20 July 2012 that they intend to convert their holding into new ordinary shares of 10 pence each. The Company has received a valid conversion notice in respect of 150,000 options and has received funds of £45,000 representing the exercise price of 30 pence per share. Therefore 150,000 new ordinary shares of 10 pence each will be issued ("New Shares"). The Company has been informed that by the option holder that they expect to exercise the remaining 150,000 options shortly and the appropriate regulatory announcement will be made at that point.
Application will be made to the London Stock Exchange for the New Shares to be admitted to trading on AIM. It is expected that admission will become effective and that trading in the New Shares will commence on 24 December 2013 ("Admission").
Total Voting Rights
Following Admission of the New Shares, the Company's enlarged issued share capital will comprise of 46,799,231 ordinary shares with voting rights. This figure of 46,799,231 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
For further information please see the company's website, www.wg-plc.com, or contact:
Westminster Group plc | Tel: 01295 756 300 |
Peter Fowler (Chief Executive) | |
Ian Selby (Chief Financial Officer) | |
S. P. Angel Corporate Finance LLP (NOMAD + Broker) | Tel: 020 3463 2260 |
Stuart Gledhill / Katy Birkin | |
Winningtons Financial (Financial PR) | Tel: 020 3176 4722 |
Tom Cooper / Paul Vann | 0797 122 1972 |
Notes:
Westminster Group plc is a leader in the supply of system solutions and products to the security, defence and safety markets worldwide.
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 manned services, consultancy and training services. The majority of its customer base, by value, comprises governments and government agencies, non-governmental organisations (NGO's) and commercial organisations. For further information please visit www.wg-plc.com or www.wi-ltd.com