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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 |
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 OUPNKBKBQBKDPPB
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