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(Sharecast News) - Westminster Group said on Tuesday that trading in its shares would be temporarily suspended at the start of the new year after confirming it would miss the AIM deadline for publication of its audited annual accounts.
The security and services group said its audited annual report and accounts for the year ended 30 June would not be finalised by 31 December due to timing constraints.
As a result, under the AIM rules, trading in its ordinary shares would be suspended from 0730 GMT on 2 January.
The firm said shareholders had already been notified that a separate general meeting would be held in the new year to approve the report and accounts.
Westminster said it expected to publish the 2025 annual accounts early in the new year and added that it would apply for the trading suspension to be lifted following their release.
Alongside the timetable update, Westminster provided an update on financing initiatives, saying it was in advanced discussions with a strategic investor with substantial business activities in Africa and the Middle East.
The board said the potential investor had expressed indicative interest in making a significant investment in the company and collaborating on future business opportunities, adding that the investor's regional expertise could be of considerable benefit as opportunities in those territories developed.
Westminster also said it was in the final stages of negotiating a significant offshore banking facility to support project financing, with further updates to be provided as appropriate.
At 1603 GMT, shares in Westminster Group were down 30.53% at 0.66p.
Reporting by Josh White for Sharecast.com.
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