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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%.

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