11th Nov 2013 14:45
LONDON (Alliance News) - Westminster Group PLC Monday said it has raised GBP533,468 through a drawdown on its equity financing facility with Darwin Strategic Ltd.
The supplier of security, defence and safety technology said that under the terms of the agreement, Westminster raised the proceeds by an issue of 590,555 new shares to Darwin at a gross price of 90.33 pence each.
The company said that following admission of the shares, the company's enlarged issued share capital will comprise 46,575,803 ordinary shares with voting rights.
Westminster Group shares were down 1.6% to 80.45 pence Monday.
By Tom McIvor; [email protected]; @TomMcIvor1
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