Directors - monthly share purchase

Westside, the AIM listed investment vehicle, announces that it was informed on 13 January 2014 that on that date the directors of the Company listed below purchased ordinary shares of 0.1p each at a price of 0.287p.

These purchases are pursuant to the trading agreements to facilitate the automatic purchase of existing shares in the Company, through market purchases on a monthly basis over a twelve month period.  For further details please see the announcement made by the Company on 1 July 2013.

As announced on 24 December 2013, the Company has raised £363,547 by way of a placing of 207,757,000 new ordinary shares ("Placing Shares") in which certain directors participated. Admission of the Placing Shares is expected on 20 January 2014. Following admission of the Placing Shares and the purchase of shares under the monthly share purchase, the directors' holdings in the Company are as follows:

Name

Number of shares acquired


Total resultant shareholding

Percentage of issued share capital

Richard Owen1

 

152,250

 

129,936,002

 

9.85

Geoffrey Simmonds2

 

152,250

 

129,928,004

9.85

John Zucker

 

43,500

 

38,464,064

2.92

David Hillel

 

43,500

 

5,917,428

 

0.45

David Coldbeck

43,500

 

7,178,337

0.54

 


 

 

 

1      113,875,000 held through United Trading Corporation Limited, 3,561,002 held in own name, 12,500,000 held in Highgrove Properties & Investments Ltd

2            106,136,362 ordinary shares held through Avonlaw Limited, 7,610,000 held through G Simmonds SIPP, 16,181,682 held in own name

 

ENDS

For further information please visit www.westsideacquisitions.com  or contact:

 

Geoffrey Simmonds

Westside Investments Plc

Tel: 020 7935 0823

Mark Percy

Cantor Fitzgerald Europe

Tel: 020 7897 7000

Catherine Leftley

Cantor Fitzgerald Europe

Tel: 020 7894 7000

Elisabeth Cowell

St Brides Media & Finance Ltd

Tel: 020 7236 1177

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