Security specialist Westminster Group PLC (LON:WSG) is to raise £500,000 to bolster its working capital position and help with preparation for a number of projects outlined in January’s business update.
In that statement, Westminster said trading in 2019 had started strongly.
A vehicle screening equipment contract will be booked this quarter while record passenger numbers are passing through its West African airport operation.
Five million shares are to be issued via a placing at 10p per share, compared to 10.5p overnight.
The placing will increase the number of shares in issue by 3.7%.