Westminster (GB:WSG) has released an update.
Westminster Group PLC has announced a strategic £1.5 million financing manoeuvre through a convertible loan note (CLN) facility with Pantheon A Family Office Limited, aimed at bolstering specific contract financing and working capital. The CLN arrangement, with a three-year term, allows for an initial immediate £1 million drawdown and a potential additional £500k, with a 10% annual coupon rate and a six-month interest deferment. This move is set against the backdrop of the company’s focus on delivering security solutions and managed services globally, with the investor showing strong support for Westminster’s growth potential.
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