Result of GM & Name Change

Result of General Meeting

 

Westside Acquisitions plc, the AIM listed investment vehicle, is pleased to announce that at a General Meeting of the Company held earlier today all resolutions were duly passed.

 

The Company has raised £500,000 in a Placing at 0.1p per new ordinary share with existing and new shareholders.  In addition, the Loan Noteholders have capitalised the £500,000 of Loan Notes owed to them by the Company into new ordinary shares, at 0.1p per share.  Application has been made for the 1,000,000,000 new ordinary shares to be admitted to trading on AIM and it is expected that admission will become effective from 30 December 2011.  Following admission, there will be a total of  1,111,488,845 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 FSA's Disclosure and Transparency Rules.

 

In addition following shareholder approval, its name change to Westside Investments Plc (Ticker remains: WST) will become effective and the Company will begin trading under its new name from 8 a.m. on 30 December 2011.

 

Capitalised terms used in this announcement are as defined in the circular to shareholders.

 

 

** ENDS **

 

 

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

Geoffrey Simmonds

Westside Acquisitions Plc

Tel: 020 7935 0823

Mark Percy

Seymour Pierce Limited

Tel: 020 7107 8000

Catherine Leftley

Seymour Pierce Limited

Tel: 020 7107 8000

Elisabeth Cowell

St Brides Media & Finance Ltd

Tel: 020 7236 1177

 

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