- Westminster Group expects to report an improved financial performance both at the revenue and adjusted EBITDA levels for the current year, compared with the year to Dec. 31, 2015.

"The cash position has been strengthened by the fundraising announced on 22 November 2016 which provides the Group with funding to support working capital requirements around current business development costs, certain anticipated initial post contract spend on the large Middle East opportunity as well as for general corporate purposes," it said.

"This fundraising was structured with the aim of limiting potential shareholder dilution."

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