WTC Westcity

 

TIDMWTC 
 
RNS Number : 2463Z 
Westcity PLC 
17 September 2009 
 
17 September 2009 
 
 
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO OR 
FROM THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY JURISDICTION WHERE IT 
IS UNLAWFUL TO DO SO. 
 
 
Further to the announcement on 16 September 2009, in accordance with Rule 2.5 of 
the City Code, of Westcity Plc (the "Company") regarding the proposed delisting 
of the Company by way of a recommended proposal for the acquisition of the 
Company by Berkshire Bidco Limited ("Berkshire") or by way of a special 
resolution of the members of the Company (the "2.5 Announcement"), the Company 
and Berkshire would like to state that the irrevocable undertaking received from 
BBHISL Nominees Limited ("BBHISL") was to elect for the Unlisted Share 
Alternative in respect of 4,155,306 shares.  The 2.5 Announcement was incorrect 
in stating that BBHISL had not elected for the Unlisted Share Alternative and so 
was, by default, accepting the Cash Offer. 
 
 
Having regard to this correction, to date Berkshire and the Company have 
received irrevocable undertakings from Shareholders (including Chapman but 
excluding the Directors) to elect for the Unlisted Share Alternative in respect 
of 31,363,963 Westcity Shares, representing approximately 42.21 per cent. of the 
existing issued share capital of Westcity. 
 
 
Enquiries: 
+-----------------------------------------+-----------------------------------------+ 
| WESTCITY                                |  Tel:+44 (0)20 7424 6711                | 
| Michael Tannenbaum (Company Secretary)  |                                         | 
+-----------------------------------------+-----------------------------------------+ 
| KBC PEEL HUNT                           | Tel:+44 (0)20 7418 8900                 | 
| (Financial adviser and broker to        | Tel:+44 (0)20 7418 8900                 | 
| Westcity)                               |                                         | 
| Alex Vaughan (Corporate Finance)        |                                         | 
| Richard Kauffer (Corporate Finance)     |                                         | 
+-----------------------------------------+-----------------------------------------+ 
| BERKSHIRE                               | Tel:+44 (0)20 7424 6714                 | 
| Ira Rapp (Director)                     |                                         | 
+-----------------------------------------+-----------------------------------------+ 
| HORWATH CLARK WHITEHILL                 | Tel:+44 (0)20 7842 7100                 | 
| (Financial adviser to Berkshire)        |                                         | 
| Nicola Horton (Corporate Finance        |                                         | 
| Partner)                                |                                         | 
+-----------------------------------------+-----------------------------------------+ 
 
 
KBC Peel Hunt, which is authorised and regulated in the United Kingdom by the 
Financial Services Authority, is acting exclusively for Westcity and no one else 
in connection with the Acquisition Proposal and will not be responsible to 
anyone other than Westcity for providing the protections afforded to clients of 
KBC Peel Hunt nor for providing advice in relation to the Acquisition Proposal 
or the content of, or any other matter or arrangement described or referred to 
in, this announcement. 
Horwath Clark Whitehill, which is authorised and regulated in the United Kingdom 
by the Financial Services Authority, is acting exclusively for Berkshire and no 
one else in connection with the Acquisition Proposal and will not be responsible 
to anyone other than Berkshire for providing the protections afforded to clients 
of Horwath Clark Whitehill nor for providing advice in relation to the 
Acquisition Proposal or the content of, or any other matter or arrangement 
described or referred to in, this announcement. 
This information is provided by RNS 
The company news service from the London Stock Exchange 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 OUPZGGMLFNRGLZM 
 

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