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IN BRIEF: Westminster Group to raise GBP2.5 million via placing

17th Jun 2021 19:12

Westminster Group PLC - Banbury, Oxfordshire-based security and services - Intends to raise GBP2.5 million through placing of 43.9 million shares at 5.7 pence each.

Price reflects a premium of 1.8% to company's closing price on Thursday at 5.60 pence.

Proceeds will go towards putting Westminster in a stronger position for next stage of development by providing working capital to support the delivery of recently secured contracts.

Arden Partners will act as sole broker.

Current stock price: 5.60 pence

Year-to-date change: up 35%

By Dayo Laniyan; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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Westminster Group
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