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WST Westridge Resources Inc.

0.60
0.00 (0.00%)
22 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Westridge Resources Inc. CSE:WST CSE Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.60 0.01 0.62 0 01:00:00

Offer Update

22/05/2003 3:27pm

UK Regulatory


RNS Number:4495L
Westside Acquisitions PLC
22 May 2003



                           Westside Acquisitions plc

                                  Offers Update

                         ("Westside" or "the Company")

On 18 March 2003, Seymour Pierce Limited, on behalf of Westside, announced a
share exchange offer for the entire issued and to be issued share capital of
Reverse Take-Over Investments plc ("RTI"), together with a cash alternative of
0.75 pence per share ("the Share Exchange Offer") and a warrant offer for the
issued warrants of RTI together with a cash alternative of 0.01 pence per RTI
warrant ("the Warrant Offer"), (together "the Offers").

Westside announced on 1 May 2003 that the Offers had become unconditional in all
respects. Acceptances received as at the close of business on 21 May 2003 in
respect of the Share Exchange Offer total 88,950,559 RTI Shares, which
represents 60.13 per cent. of the issued share capital of RTI and 90.83 per
cent. of the issued share capital of RTI to which the Share Exchange Offer
relates, and acceptances received as at the close of business on 21 May 2003 in
respect of the Warrant Offer total 38,433,458 RTI Warrants, which represents
71.71 per cent. if the issued RTI Warrants and 93.52 per cent. of the warrants
to which the Warrant Offer relates.

Westside has today implemented the procedure for the compulsory acquisition of
the remaining RTI Shares and RTI Warrants under the Companies Act 1985 (the
"Act"). The notices will be sent out today to the remaining shareholders and
warrantholders of RTI who have not accepted the Offers, pursuant to section 429
of the Act and the compulsory acquisition procedure is expected to be concluded
by approximately 3 July 2003.

Enquiries:

Westside Acquisitions plc    David Meddings       Tel: 020 7644 8956

                             David Coldbeck       Tel: 01344 311 727



Hugo de Salis                St Brides Media      Tel: 020 7242 4477



Seymour Pierce Limited       Mark Percy           Tel: 020 7648 8700

                             Ewan Leggat

Seymour Pierce is acting exclusively for Westside and no one else in connection
with the Offers and will not be responsible to anyone other than Westside for
providing the protections afforded to customers of Seymour Pierce, nor for
providing advice in relation to the Offers or the New Westside Shares or New
Westside Warrants.

The availability of the Offers to persons who are not resident in the United
Kingdom may be affected by the laws of the relevant jurisdiction. Persons who
are not resident in the United Kingdom should inform themselves about and
observe any applicable requirements of the relevant jurisdictions.

This announcement does not constitute an offer or an invitation to purchase any
securities.

The Board of Westside accept responsibility for the information contained in
this announcement. To the best of the knowledge and belief of the Board of
Westside (who have taken all reasonable care to ensure that such is the case),
the information contained in this announcement is in accordance with the facts
and does not omit anything likely to affect the import of such information.

Expressions used in this announcement shall, unless the context otherwise
requires, bear the same meanings as in the offer document issued on behalf of
Westside on 18 March 2003 relating to the Offers.








                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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