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Westminster Group PLC on Monday issued a statement denying any plans to cancel its admission to the London Stock Exchange’s AIM market. The Oxford-based provider of security services, which specialises in locations like ports, airports and commercial buildings, said it was responding to ‘media speculation’ claiming that Westminster ‘is considering’ a move. Westminster Group reaffirmed that, as discussed in its final results last week, it has undertaken a strategic review concerning ‘how to improve shareholder value’. On Monday afternoon in London, shares in Westminster Group were up 4.2% at 1.88 pence each. The stock has risen 52% over the past year, but fallen 26% over the last six months. ‘This review included consultations with advisors and various stakeholders and is something any responsible board should undertake from time to time,’ the company added. Westminster Group furthermore reminded investors that it ‘has significantly increased its business prospects’. For example, it reported having over £14 million in annual contracted revenue, and hopes in the short-term future to finalise another managed services contract. Westminster Group hinted at ‘other measures to be put in place’ in the coming months. However it insisted that these do not include cancelling its admission to trading on AIM. Copyright 2024 Alliance News Ltd. All Rights Reserved.
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