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Westminster ( (GB:WSG) ) has provided an announcement.
Westminster Group Plc announced securing a £500,000 credit facility from Pantheon A Family Office Limited, a strategic investor, to support its expansion and new projects. This facility offers flexible, interest-free short-term financing and is unsecured with a one-year term. Additionally, the company has revised the conversion price of its Convertible Loan Notes from 3p to 2p per share, resulting in an annual interest saving of £100,000. These financial arrangements reflect Pantheon’s ongoing support and belief in Westminster’s growth potential, enhancing the company’s financial flexibility and positioning within the security services industry.
More about Westminster
Westminster Group Plc is a global integrated security services group that provides niche security solutions and long-term managed services to high-growth and emerging markets worldwide. The company focuses on designing, supplying, and supporting advanced technology security solutions, including surveillance, detection, tracking, and interception technologies. It also offers long-term managed services contracts for managing and running security services in airports, ports, and other facilities, along with manpower, consultancy, and training services. Its primary customers include governments, NGOs, and blue-chip commercial organizations.
Average Trading Volume: 557,548
Technical Sentiment Signal: Buy
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