Issue of Equity and Grant of Options

Further to the announcement of 16 October 2013 Westside, the AIM listed investment vehicle, has agreed to issue a total of 6,918,000 ordinary shares in the Company at a price of 0.275 pence per share to two companies providing services to Westside in connection with its development of a child-friendly, football-focussed, social network dedicated to children aged 7 to 17.

In addition a total of 16,750,000 options over ordinary shares have been issued to certain key executives and employees of Westside who are engaged in the development of the social network. These options are exercisable for 7 years from the date of grant at an exercise price of 0.275 pence per ordinary share.

Application has been made for the admission of 6,918,000 ordinary 0.1p shares to trading on AIM and admission is expected on 12 March 2014. Following admission, there will be 1,218,406,845 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 FCA's Disclosure and Transparency Rules.

 

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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