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Westminster Group PLC

Westminster Group raises £500,000 for 2019 projects

Five million shares are to be issued via a placing at 10p per share, compared to 10.5p overnight

Airport
Westminster is growing its airport security business

Security specialist Westminster Group PLC (LON:WSG) is to raise £500,000 to bolster its working capital position and help with preparation for a number of projects outlined in January’s business update.

In that statement, Westminster said trading in 2019 had started strongly.

A vehicle screening equipment contract will be booked this quarter while record passenger numbers are passing through its West African airport operation.

Five million shares are to be issued via a placing at 10p per share, compared to 10.5p overnight.

The placing will increase the number of shares in issue by 3.7%.

Quick facts: Westminster Group PLC

Price: £0.10

Market: AIM
Market Cap: £14.14 m
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Investor Update: Westminster Group reports 117% increase in first half revenues

Headlines from the Proactive UK newsroom. Westminster Group (LON:WSG) expects all contracts related to the container screening contract at the Port of Tema in Ghana to be completed in the coming weeks and the contract to contribute in the second half of the year. The security group says...

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