WESTMINSTER GROUP PLC

Remuneration Information • Nov 8, 2018

National Storage Mechanism | Additional information

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RNS Number : 6983G

Westminster Group PLC

08 November 2018

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014

Westminster Group Plc

('Westminster', the 'Group' or the 'Company')

Grant of share options under the 2017 Share Option Scheme

Westminster Group Plc (AIM: WSG), a leading supplier of managed services and technology-based security solutions, announces that the Company has made a share option award to Mr Mark Hughes who, as previously announced, has officially joined the Company as Chief Finance Officer ("CFO") as of 1 November 2018.

Mark has been granted a total of 750,000 share options ("Options") over ordinary shares of 10p each ("Ordinary Shares") in the Company at the same price and same terms as the options issued to other executive directors and members of staff on 1 June 2018, being at a price of 13 pence per Ordinary Share (the closing middle market price of an Ordinary Share on 7 November 2018 was 10.25p). Save for a change of control in the Company, the Options will only vest if the Company's share price has reached 26 pence per Ordinary Share. The Options, if vested, can be exercised at any time from the first anniversary of the date of grant up to the tenth anniversary of that date. No consideration was paid in respect of the grant of this award.

1,000,000 of the Options previously issued to Mr Martin Boden, who formally stepped down as CFO on 31 October 2018, have now been cancelled. The remaining 250,000 of his Options will expire, if not exercised, on 31 December 2019 in accordance with the Scheme Rules.

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Names	Mark Hughes, Chief Financial Officer
2.	Reason for the Notification
a)	Position/status	See 1(a) - classified as PDMRs of the Company
b)	Initial notification/ Amendment	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Westminster Group Plc
b)	LEI	213800LU5SW6Q8RDVQ64
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the Financial instrument, type of instrument	The grant of Options over Ordinary Shares on 8 November 2018 at an exercise price of 13p per Ordinary Share
	Identification code	GB00B1XLC220
b)	Nature of the transaction	Grant of Options over Ordinary Shares
c)	Price(s) and volume(s)	Price: n/a Volumes: Mark Hughes - 750,000 Options
d)	Aggregated information: ·      Aggregated volume ·      Price	n/a
e)	Date of the transaction	8 November 2018
f)	Place of the transaction	Outside a trading venue

For further information, please contact:

Westminster Group Plc	Media enquiries via Walbrook PR
Rt. Hon. Sir Tony Baldry - Chairman
Peter Fowler - Chief Executive Officer
Mark Hughes - Chief Financial Officer
S. P. Angel Corporate Finance LLP (NOMAD & Broker)
Stuart Gledhill	020 3470 0470
Caroline Rowe
Walbrook (Investor Relations)
Tom Cooper	020 7933 8780
Paul Vann	0797 122 1972
	tom.cooper@walbrookpr.com

Notes:

Westminster Group plc is a specialist security and services group operating worldwide through an international network of agents and offices in over 50 countries.

Westminster's principal activity is the design, supply and on-going support of advanced technology security solutions, encompassing a wide range of surveillance, detection, tracking and interception technologies and the provision of long-term managed services contracts such as the management and running of complete security services and solutions in airports, ports and other such facilities together with the provision of manpower, consultancy and training services. The majority of its customer base, by value, comprises governments and government agencies, non-governmental organisations (NGO's) and blue chip commercial organisations. 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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