Westminster Share Discussion Threads

[letmepass] 03/6/2016 15:31

Back to 25p here soon enough

[falia] 03/6/2016 15:27

PET BOOMING MASSIVE NEWS OUT

[someuwin] 03/6/2016 15:27

"We are pleased to have the support of institutional investors and I am delighted that Hargrave Hale have substantially increased their investment in Westminster to support the major growth opportunities we have in our managed services business. Any one of these major opportunities could be transformational for the Group. We are currently undertaking our strategic review and we look to this, combined with the support of new investment, to deliver value against a compelling market backdrop for our services for all shareholders."

[letmepass] 03/6/2016 15:26

Happy to watch it double here

[big bull billy] 03/6/2016 15:24

Petrel license award up she goes 40%

Check it out


will be doubling today

[someuwin] 03/6/2016 15:19

£1.3m raised

Shares issued at 10p

Warrants at 12p

No share restructuring.

All good.

[someuwin] 03/6/2016 15:16

03 June 2016

Westminster Group Plc:

Institutional Investors Subscribe for GBP1.3m in New Equity, Cancellation of Capital Reconstruction

and Total Voting Rights

Westminster Group Plc ('Westminster' or the 'Company'), the AIM listed supplier of managed services and technology based security solutions to governments and government agencies, non-governmental organisations (NGO's) and blue chip commercial organisations worldwide, is pleased to announce the issue of 13,000,000 ordinary shares of 10p each in the share capital of the Company ("Ordinary Shares") at 10p per Ordinary Share ("Placing and Subscription Shares").

Placing

10,000,000 Ordinary Shares will be issued to Hargreave Hale, pursuant to a placing through share price Angel Corporate Finance LLP ("Placing Shares"), and for every two Placing Shares, Hargreave Hale will also receive one detachable warrant over Ordinary Shares ("Warrant") valid for 3 years from the date of issue, exercisable at 12p per Ordinary Share. The Warrants will be issued now but may not be exercised until the relevant authorities have been granted at the Company's upcoming AGM.

The Placing Shares are to be issued in two tranches, the second of which is conditional, inter alia, on the approval of Westminster shareholders:
-- First Tranche

A first tranche of 6,885,895 new Ordinary Shares (the "First Tranche Shares") will be issued immediately following settlement on or by 9 June 2016, raising GBP688,589 before expenses.
-- Second Tranche

A second tranche of 3,114,105 new Ordinary Shares (the "Second Tranche Shares") will be issued on or around 1 July 2016, subject to, inter alia , the receipt of shareholder approval of the necessary resolutions at the Annual General Meeting to enable the issue of the Second Tranche Shares.

Subscription

Another institutional investor has subscribed for 3,000,000 New Shares ("Subscription") but will not receive any Warrants. These shares will be issued alongside the First Tranche of Placing Shares.

Westminster has announced a number of long term large scale opportunities for Managed Services aviation security contracts and currently has seven opportunities under signed Memorandums of Understanding, one of which has now progressed to Letter of Intent stage with a potential for generating revenue of GBP30m+ revenue per annum. The cash raised will be to help enable the Company to advance these prospects and be used for general corporate purposes.

Application will be made for the New Shares, which will rank pari passu with the Company's existing issued Ordinary Shares, to be admitted to trading on AIM. It is expected that admission will become effective and that trading in the Subscription Shares and the first tranche of Placing Shares will commence on or around 9 June 2016 ('Admission').

Annual General Meeting

The Company's AGM will be held at the offices of Moore Stephens, 150 Aldersgate, London, EC1A 4AB at 11am on 30 June 2016. The notice of meeting will be sent out on 6 June 2016. Resolutions to be put to the AGM will include the extension of authorities to enable the Company to issue the second tranche of Placing Shares.

Capital Reconstruction

In view of recent events and the fundraising above, the contemplated capital reconstruction announced on 12 May 2016 is currently no longer considered necessary and will not be pursued.

Total Voting Rights

In accordance with the Financial Conduct Authority's Disclosure and Transparency Rules, the Company hereby announces that following Admission of the Subscription Shares and the First Tranche Placing Shares, it will have 80,000,000 ordinary shares of 10p each in issue, none of which are held in treasury. Therefore, the total number of voting rights in the Company is 80,000,000.

The above figure of 80,000,000 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.

Commenting on the Placing and Subscription, Ian Selby, CFO at Westminster, said:

"We are pleased to have the support of institutional investors and I am delighted that Hargrave Hale have substantially increased their investment in Westminster to support the major growth opportunities we have in our managed services business. Any one of these major opportunities could be transformational for the Group. We are currently undertaking our strategic review and we look to this, combined with the support of new investment, to deliver value against a compelling market backdrop for our services for all shareholders."

[someuwin] 03/6/2016 15:11

03 June 2016

Westminster Group Plc:

Ferry Project Update

Westminster Group Plc ('Westminster', the 'Group' or the 'Company'), the AIM listed supplier of managed services and technology based security solutions to governments and government agencies, non-governmental organisations (NGO's) and blue chip commercial organisations worldwide, is pleased to provide an update regarding its ferry project.

Sovereign Ferries planned second 70 seater vessel, the Sierra Princess, left port on the back of a delivery vessel on 6 May 2016 and is due to arrive in country around 21 June 2016.

The Sierra Queen meanwhile is still awaiting access to the shipyard slip due to the current vessel occupying the slip taking longer than expected to complete repairs. The latest indication is that the slip will be available around the third week of June.

Further updates on progress will be given in due course.

[tommyb81] 03/6/2016 14:46

Yosemite Sam, you've just spoilt a reasonable discussion with inane rambling. Well done.

Anyway, IF Darwin have converted a large chunk (I guess there's no limits on conversion now as Peter and Ian royally fcd up in ensuring cash to pay Darwin), it has at least reduced the monthly expenditure. Could be the reason for today's rise?

[letmepass] 03/6/2016 14:40

Hahaha all organised by twitter crew

[big bull billy] 03/6/2016 14:39

advfn share price top rise 60%.

The rise of the phoenix

[bad robot] 03/6/2016 14:33

advfn rise of the phoenix

up 55%.

[letmepass] 03/6/2016 13:00

Hey falia go back to SYQ

[falia] 03/6/2016 12:57

HUGE RISE COMING

[someuwin] 03/6/2016 09:45

Start of the next big wave imo...


free stock charts from uk.advfn.com

[dark energy] 03/6/2016 09:25

Indeed I could not resist selling in the spike. It went up too quick. I do not like this kind of volatility.


GLA

[yosemite sam666] 03/6/2016 09:18

Goodbye Misty

The expert who watched a bottom of 8.5p refused to buy. LOL. Yes everyone Misty is top trader, he refused to make 30% because of bearish views. Bless misty.

He should be charging to give financial insights. LOL


YS666

[yosemite sam666] 03/6/2016 09:15

It's been great fun everyone. I cashed in my paper profit.


I did say 11p was coming and

it



11.50 LIGHTED

[misty12] 03/6/2016 09:14

Well done ramping nutters along with MM of a certain liking to Henderson cough , Darwin are probably out now. Very well done hope you sleep well tonight. Have a good weekend everyone, nothing to see now

[yosemite sam666] 03/6/2016 09:11

Free trading lesson today for 3braincells in queen's English too

[yosemite sam666] 03/6/2016 09:10

yosemite sam666 3 Jun'16 - 08:48 - 11220 of 11233 0 0 edit

I am looking for 11p

[yosemite sam666] 03/6/2016 09:09

This is exploding to a supernova.

[yosemite sam666] 03/6/2016 09:09

12p to be lighted?


Bring back 3braincells . I am going to give trading lesson today.

[yosemite sam666] 03/6/2016 09:05

OMG

11.5p lighted

[yosemite sam666] 03/6/2016 09:05

Gramham

saw all a lot things, and yet could not see a rise of 30%. LOLOL

Keep playing the lotto fool