Conversion of Options and TVR

RNS Number : 6590W

Westminster Group PLC

31 December 2013

 



31 December 2013

Westminster Group plc

('Westminster' or the 'Company')

Conversion of Options and Total Voting Rights

Further to the announcement of 18 December 2013 regarding an expected conversion of options, the Company has received a notification from the holder of 150,000 options granted on 20 July 2012 that they intend to convert their holding into ordinary shares of 10 pence each.  The Company has received a valid conversion notice in respect of these 150,000 options and has received £45,000 representing the exercise price of 30 pence per share.  Therefore 150,000 new ordinary shares of 10 pence each will be issued ("New Shares").

Admission is expected around 7 January 2014.

Total Voting Rights

Following Admission of the 150,000 New Shares, the Company's enlarged issued share capital will comprise of 46,949,231 ordinary shares with voting rights. This figure of 46,949,231 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

For further information please see the company's website, www.wg-plc.com, or contact:

Westminster Group plc	Tel: [phone]
Peter Fowler (Chief Executive)
Ian Selby (Chief Financial Officer)
S. P. Angel Corporate Finance LLP (NOMAD + Broker)	Tel: [phone]
Stuart Gledhill / Katy Birkin
Winningtons Financial (Financial PR)	Tel: [phone]
Tom Cooper / Paul Vann	0797 122 1972

Notes:

Westminster Group plc is a leader in the supply of system solutions and products to the security, defence and safety markets worldwide.

Westminster's principal activity is the design, supply and ongoing support of advanced technology security solutions, encompassing a wide range of surveillance, detection, tracking and interception technologies and the provision of long term managed services contracts such as the management and running of complete security services and solutions in airports, ports and other such facilities together with the provision of manned services, consultancy and training services. The majority of its customer base, by value, comprises governments and government agencies, non-governmental organisations (NGO's) and blue chip commercial organisations. For further information please visit www.wg-plc.com or www.wi-ltd.com

 

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