WTC Westcity

 

TIDMWTC 
 
RNS Number : 6479C 
Westcity PLC 
17 November 2009 
 

Not for release, distribution or publication, in or into any jurisdiction where 
it is unlawful to do so. 
 
Westcity PLC 
("Westcity") 
 
 
Scheme of Arrangement now effective 
 Westcity is pleased to announce that the Scheme has become effective. Admission 
to trading of the Westcity Shares on AIM is expected to be cancelled at 8:00am 
tomorrow morning. 
 
 
Under the Scheme, Scheme Shareholders will receive: 
 
 
    for each Scheme Share         13 pence in cash 
 
 
Those Scheme Shareholders who have elected to receive Berkshire Shares instead 
of the Cash Consideration will receive: 
 
 
    for each Scheme Share         one Berkshire Share 
 
 
CREST accounts will be credited, or cheques will be posted, in respect of the 
cash consideration to which Scheme Shareholders are entitled under the Scheme 
within 14 days. 
 
 
Unless the context otherwise requires, terms defined in the Scheme Document 
dated 
21 September 2009 have the same meaning in this announcement. 
 
 
Enquiries: 
 
 
For further information please contact: 
 
 
Westcity PLC                                        + 44 (0) 20 7424 6700 
Ira Rapp, Chief Executive Officer 
Michael Tannenbaum, Finance Director 
 
 
KBC Peel Hunt Ltd (Financial adviser)+44 (0) 20 7418 8900 
Alex Vaughan 
Richard Kauffer 
 
 
 
 
KBC Peel Hunt, which is authorised and regulated in the United Kingdom for the 
conduct of investment business by the Financial Services Authority, is acting 
exclusively for Westcity and no one else in connection with the matters 
described in this announcement 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 matters described in this announcement. 
 
 
This announcement is not intended to, and does not constitute or form any part 
of, an offer or invitation to sell or subscribe for or purchase any securities 
or solicitation of any vote or approval in any jurisdiction pursuant to the 
Acquisition Proposal or otherwise. The Acquisition Proposal was made through the 
Scheme Document, which contains the full terms and conditions of the Acquisition 
Proposal (including details of how Shareholders were required to vote in respect 
of the Acquisition Proposal). Any acceptance of or other response to the 
Acquisition Proposal should be made only on the basis of the information 
contained in the Scheme Document. Shareholders are advised to read the Scheme 
Document carefully. 
 
 
Notice to Overseas Persons 
 
 
The availability of the Acquisition Proposal to Shareholders who are not 
resident in the United Kingdom may be affected by the laws of relevant 
jurisdictions. Shareholders who are not resident in the United Kingdom will need 
to inform themselves about and observe any applicable requirements. 
 
 
The Acquisition Proposal will be subject to the applicable rules and regulations 
of the London Stock Exchange and the City Code. 
 
This communication shall not constitute an offer to sell or the solicitation of 
an offer to buy securities, or the solicitation of any vote or approval, nor 
shall there be any sale of securities in any jurisdiction in which such offer, 
solicitation or sale would be unlawful prior to registration or qualification 
under the securities laws of such jurisdiction. 
In accordance with Rule 19.11 of the City Code, a copy of this announcement will 
be published on http://www.westcityplc.com. 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 SOAFFDFLWSUSELF 
 

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