Westminster Group placed 43,859,649 Placing Shares, at a price of 5.7 pence per Placing Share (the “Issue Price”). The Placing was oversubscribed and witnessed strong institutional demand.
Westminster Group plc is a leading supplier of managed services and technology-based security solutions worldwide, operating through an international network in over 50 countries. This fundraising was connected to two recent major long-term contract awards, the company’s Services Division has been awarded a long-term managed services contract to provide security services to five airports in the Democratic Republic of the Congo, as well as being awarded a long-term managed services contract to exclusively provide screening services at a West African container port.
The Bird & Bird team was led by legal director Nicholas Heap (Picture – Corporate).
Involved fees earner: Nicholas Heap – Bird & Bird;
Law Firms: Bird & Bird;
Clients: Westminster Group plc;