IN BRIEF: Westminster Group says in talks for strategic investment

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Westminster Group PLC - Banbury, Oxfordshire-based security and technology services - Says it is in ‘advanced discussions’ for a ‘significant investment’ by a strategic investor that operates in Africa and the Middle East. The unnamed company also has indicated interest in collaborating with Westminster on business opportunities. ‘The board anticipates the regional expertise that the potential investor has to be of considerable benefit as opportunities within the territories continue to develop,’ Westminster says. The company also is in the ‘final stages of negotiating a significant offshore banking facility for project financing’.

The announcement comes as Westminster says it will not be able to publish its accounts for the financial year that ended on June 30 by the deadline of Wednesday. As a result, its shares will be suspended from trading on AIM from Friday. Westminster says it will publish the delayed annual results early in the new year.

Current stock price: 0.78 pence, down 18% in London on Tuesday

12-month change: down 54%

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