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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Westbury Inc | LSE:WPFI | London | Ordinary Share | GB0031367971 | INC SHS 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 104.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:2422H Westbury Property Fund Limited 04 August 2006 Westbury Property Fund Limited 4 August 2006 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN The Westbury Property Fund Limited ("Westbury" or the "Company") RESULT OF OPEN OFFER On 13 July 2006, Westbury announced a placing and open offer of 42,857,143 New Ordinary Shares at 140 pence per share to raise #60 million (approximately #57.6 million after expenses) which will be used to fund the Company's port operations at Weston Point in Runcorn, Cheshire and to invest in further commercial property assets for the Company's Balanced and Venture Portfolios. The Board of Westbury announces that on 3 August 2006, being the latest date for receipt of completed Application Forms and Excess CREST Application Forms and payment in full under the Open Offer or settlement of the relevant CREST instruction, valid applications had been received from Qualifying Shareholders in respect of 7,966,072 New Ordinary Shares, representing approximately 56.0 per cent. of the New Ordinary Shares available under the Open Offer. The 6,260,950 New Ordinary Shares not applied for by Qualifying Shareholders under the Open Offer will be taken up by placees under the terms of the Placing Agreement. The New Ordinary Shares will, on Admission, rank in full for all dividends and other distributions declared, made or paid on the Existing Ordinary Shares after Admission and will otherwise rank pari passu in all respects with the Ordinary Shares in issue at the date of the Prospectus. The Placing and Open Offer remains conditional upon, inter alia, admission of the New Ordinary Shares to the Official List and to trading on the London Stock Exchange's market for listed securities and the passing of certain Resolutions by the Company's shareholders at the EGM to be held on 7 August 2006. Application has been made to the UK Listing Authority for the New Ordinary Shares to be admitted to the Official List and to the London Stock Exchange for admission to trading on its market for listed securities. It is expected that Admission will become effective and dealings in the New Ordinary Shares will commence on 8 August 2006. Terms used in this Announcement shall have the same meanings as in the Prospectus which was sent to Shareholders on 13 July 2006. This information is provided by RNS The company news service from the London Stock Exchange END MSCUUUCARUPQGRW
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