29th Dec 2011 12:59
Westside Acquisitions plc / Ticker: WST.L / Index: AIM / Sector: Investment
Westside Acquisitions plc ('Westside' or 'the Company')
Result of General Meeting
Westside Acquisitions plc, the AIM listed investment vehicle, is pleased to announce that at a General Meeting of the Company held earlier today all resolutions were duly passed.
The Company has raised £500,000 in a Placing at 0.1p per new ordinary share with existing and new shareholders. In addition, the Loan Noteholders have capitalised the £500,000 of Loan Notes owed to them by the Company into new ordinary shares, at 0.1p per share. Application has been made for the 1,000,000,000 new ordinary shares to be admitted to trading on AIM and it is expected that admission will become effective from 30 December 2011. Following admission, there will be a total of 1,111,488,845 ordinary shares of 0.1p each in the Company in issue. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Westside under the FSA's Disclosure and Transparency Rules.
In addition following shareholder approval, its name change to Westside Investments Plc (Ticker remains: WST) will become effective and the Company will begin trading under its new name from 8 a.m. on 30 December 2011.
Capitalised terms used in this announcement are as defined in the circular to shareholders.
** ENDS **
For further information please visit www.westsideacquisitions.com or contact:
Geoffrey Simmonds | Westside Acquisitions Plc | Tel: 020 7935 0823 |
Mark Percy | Seymour Pierce Limited | Tel: 020 7107 8000 |
Catherine Leftley | Seymour Pierce Limited | Tel: 020 7107 8000 |
Elisabeth Cowell | St Brides Media & Finance Ltd | Tel: 020 7236 1177 |
Related Shares:
CTNA.L