Westminster Share Discussion Threads

[owenski] 18/4/2017 09:18

And they keep getting away with it, time and time again, lot of mugs to fleece out there in PI world, lol

[youkme] 18/4/2017 08:47

Now if you were close to signing a contract would you;
A) raise at 10p (the lowest possible at the moment)
B) announce a contract and raise at multiplies of current share price

Tough one I know rampers, but have a wee think how close this contract really is lol

[youkme] 18/4/2017 08:43

Or perhaps your not as stupid as you sound and you actually had placing shares? makes you even worse by the way imo

[youkme] 18/4/2017 08:30

What happened to darwin not being able to convert at anything below 11p Jim/taxdodge? you should stop pretending you know what your talking about imo, your costing people money. Disappear and don't come back is best for you

[youkme] 18/4/2017 08:27

Because they can't see past the promise of a contract I guess? Those placing shares will be being sold into the volume so every little helps lol.

[yasharsad] 18/4/2017 08:25

YouKme, agreed. But why people are still buying into this? 1M volume in 20min? 3m buy on Thursday and still ticking up?

[youkme] 18/4/2017 08:21

why are peeps saying no fund raise for 6 months? read the rns people, it just says certain type. rest assured they will need more money net quarter imo, have a lovely day jim/taxdodge, your work done for another few weeks no doubt

[youkme] 18/4/2017 08:03

does make you wonder who these chartist work for, hmmm rampers strike again well done, shame on you

[yasharsad] 18/4/2017 07:55

Makes me wonder, why all of the buys last week? There was only 3m buy on Thursday.

[tradermick1] 18/4/2017 07:50

Dodged that bullet, that is why you should always trade this one and scalp 10-20% whenever you can, yes could have been 30-40% last week but they could have hit you
with this news last week.

[saucepan] 18/4/2017 07:46

I think the point is that they have indeed been stringing along the "contract just around the corner" routine for five years now. It is not just the Middle East. The behaviour goes back to East Africa.

[someuwin] 18/4/2017 07:42

Incorrect Barpy. This Middle East airport contract was first announced last year.

[saucepan] 18/4/2017 07:39

Well, Graham was correct yet again. He always wagered there would be further dilution before any contract materialised.

[barpy] 18/4/2017 07:38

Confetti for salaries.
Keeps dangling the contract is just round the corner routine. For five years now.

[neo26] 18/4/2017 07:32

owenski

very disappointed, this will fall back to 10p now...

[owenski] 18/4/2017 07:27

Does this con of a company actually make any money or just exist as a BoD wage machine running a massive printing machine to crank out ever more shares, lol

[saucepan] 18/4/2017 07:25

Such good news it needed to be posted twice?

[monkeywench1] 18/4/2017 07:20

RNS Number : 5127C

Westminster Group PLC

18 April 2017

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 956/2014

For immediate release

18 April 2017

Westminster Group Plc

Placing, Appointment of Joint Broker, Final Conversion of Darwin Convertible Loan Notes and Corporate Update

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 a placing ('Placing') of 10,000,000 new ordinary shares of 10p each ('Ordinary Shares') at 10p per Ordinary Share to raise GBP1million before expenses and the conversion of the balance of the Convertible Loan Notes issued to Darwin Capital Limited ('Darwin') eliminating the facility.

Placing

To support the development of the Company, with a particular focus on investment in its Managed Services division, the Company has raised GBP1million before expenses by means of an oversubscribed Placing undertaken by Beaufort Securities Limited ("Beaufort"). The Placing will result in the issue of 10,000,000 new Ordinary shares ('Placing Shares') at a price of 10p per Placing Share.

The Placing is conditional upon admission of the Placing Shares to trading on AIM becoming effective and the placing agreement between the Company and Beaufort not being terminated in accordance with its terms.

Appointment of Broker

With immediate effect, following successful completion of the Placing, the Company has appointed Beaufort Securities Limited as Joint Broker to the Company and has agreed to issue, conditional on admission of the Placing Shares, 500,000 warrants exercisable at 10p per share and a life of 5 years from admission of the Placing Shares. In addition, Beaufort has elected to receive new Ordinary Shares and warrants to subscribe for Ordinary Shares in satisfaction of their first year's fee. Consequently, the Company has issued, conditional on admission thereof, 250,000 new Ordinary Shares to Beaufort (the 'Beaufort Shares') and the Company has today also granted 100,000 warrants which have an exercise price of 25p per Ordinary Share and a life of 5 years.

Final Conversion of Darwin Convertible Loan Notes

The Company has received a notice of exercise by Darwin to convert the final GBP500,000 zero coupon senior unsecured convertible loan notes ('Convertible Loan Notes'), as detailed in the announcement dated 22 November 2016, into Ordinary Shares at a price of 10p per share. This is at a premium to the price specified in the Loan Note Instrument. This will result in the issue of 5,000,000 new Ordinary Shares ('the Conversion Shares'). This conversion will eliminate the balance of the Convertible Loan Notes issued to Darwin.

As one of the conditions of the Placing, the Company has agreed that during the next six months no member of its group shall enter into any convertible loan note or any analogous or similar financing arrangements.

Corporate Update

The Company is pleased to report that the significant 15 year airport security opportunity in the Middle East with revenue potential of GBP35m per annum has made significant progress recently.

Whilst there is never any certainty of the outcome or timing of such prospects, several key infrastructure milestones in this large and complex deal have either been achieved or are close to achievement. The British government remains highly supportive and the Company are engaged in discussions at a ministerial level.

Recent events regarding airport security have added impetus to the customer. The transaction is now expected to cover a wider range of airports in addition to the main international airport. Furthermore, in the event that the contract is finalised, which at this juncture is not guaranteed, it is expected to include a wider range of adjacent services which could further increase revenue potential and a significant amount of recent activity has centred on the associated supply chain.

Total Voting Rights

In accordance with the Financial Conduct Authority's Disclosure and Transparency Rules ('DTRs'), the Company hereby announces that following Admission of the Placing Shares, the Beaufort Shares and the Conversion Shares (together the 'New Shares') it will have 113,243,420ordinary shares of 10p each in issue, none of which are held in treasury. Therefore, the total number of voting rights in the Company is 113,243,420.

The above figure of 113,243,420 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 DTRs.

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 New Shares will commence on or around 2 May 2017 ('Admission').

[someuwin] 18/4/2017 07:16

RNS Number : 5127C

Westminster Group PLC

18 April 2017

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 956/2014

For immediate release

18 April 2017

Westminster Group Plc

Placing, Appointment of Joint Broker, Final Conversion of Darwin Convertible Loan Notes and Corporate Update

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 a placing ('Placing') of 10,000,000 new ordinary shares of 10p each ('Ordinary Shares') at 10p per Ordinary Share to raise GBP1million before expenses and the conversion of the balance of the Convertible Loan Notes issued to Darwin Capital Limited ('Darwin') eliminating the facility.

Placing

To support the development of the Company, with a particular focus on investment in its Managed Services division, the Company has raised GBP1million before expenses by means of an oversubscribed Placing undertaken by Beaufort Securities Limited ("Beaufort"). The Placing will result in the issue of 10,000,000 new Ordinary shares ('Placing Shares') at a price of 10p per Placing Share.

The Placing is conditional upon admission of the Placing Shares to trading on AIM becoming effective and the placing agreement between the Company and Beaufort not being terminated in accordance with its terms.

Appointment of Broker

With immediate effect, following successful completion of the Placing, the Company has appointed Beaufort Securities Limited as Joint Broker to the Company and has agreed to issue, conditional on admission of the Placing Shares, 500,000 warrants exercisable at 10p per share and a life of 5 years from admission of the Placing Shares. In addition, Beaufort has elected to receive new Ordinary Shares and warrants to subscribe for Ordinary Shares in satisfaction of their first year's fee. Consequently, the Company has issued, conditional on admission thereof, 250,000 new Ordinary Shares to Beaufort (the 'Beaufort Shares') and the Company has today also granted 100,000 warrants which have an exercise price of 25p per Ordinary Share and a life of 5 years.

Final Conversion of Darwin Convertible Loan Notes

The Company has received a notice of exercise by Darwin to convert the final GBP500,000 zero coupon senior unsecured convertible loan notes ('Convertible Loan Notes'), as detailed in the announcement dated 22 November 2016, into Ordinary Shares at a price of 10p per share. This is at a premium to the price specified in the Loan Note Instrument. This will result in the issue of 5,000,000 new Ordinary Shares ('the Conversion Shares'). This conversion will eliminate the balance of the Convertible Loan Notes issued to Darwin.

As one of the conditions of the Placing, the Company has agreed that during the next six months no member of its group shall enter into any convertible loan note or any analogous or similar financing arrangements.

Corporate Update

The Company is pleased to report that the significant 15 year airport security opportunity in the Middle East with revenue potential of GBP35m per annum has made significant progress recently.

Whilst there is never any certainty of the outcome or timing of such prospects, several key infrastructure milestones in this large and complex deal have either been achieved or are close to achievement. The British government remains highly supportive and the Company are engaged in discussions at a ministerial level.

Recent events regarding airport security have added impetus to the customer. The transaction is now expected to cover a wider range of airports in addition to the main international airport. Furthermore, in the event that the contract is finalised, which at this juncture is not guaranteed, it is expected to include a wider range of adjacent services which could further increase revenue potential and a significant amount of recent activity has centred on the associated supply chain.

Total Voting Rights

In accordance with the Financial Conduct Authority's Disclosure and Transparency Rules ('DTRs'), the Company hereby announces that following Admission of the Placing Shares, the Beaufort Shares and the Conversion Shares (together the 'New Shares') it will have 113,243,420ordinary shares of 10p each in issue, none of which are held in treasury. Therefore, the total number of voting rights in the Company is 113,243,420.

The above figure of 113,243,420 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 DTRs.

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 New Shares will commence on or around 2 May 2017 ('Admission').

[neo26] 18/4/2017 07:14

another placing!!! :-(

Back to 10p then!

[qs99] 12/4/2017 17:44

apparently a Zak Mir Master Investor tip with 20p target price so maybe those in the know of that tip have started piling in....gla, but may bode well for Thurs/Fri further shades of blue! DYOR

[someuwin] 12/4/2017 16:18

4 million volume. Very healthy.