Last checked at 30 Oct 2008 12:56
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.