CTNA.L Regulatory News (CTNA)

25 Oct 2006 12:17

Westside Acquisitions PLC25 October 2006 Westside Acquisitions plc ("Westside" or "the Company") Trading Update Westside Acquisitions plc, the AIM listed investment vehicle, is pleased toannounce that it has invested in Astek Group plc ("Astek"), the UK based dentistequipment designer, manufacturer and distributor, which listed on AIM today (25October 2006). Astek raised £1,250,000 through the placing of 25 million newordinary shares at 5p per share, giving it a valuation of £3.5 million at theplacing price. Westside currently holds 28.5 per cent. of Astek and 10 million warrants,representing approximately 24.4 per cent. of the Astek warrants in issue onadmission to AIM. Commenting on the IPO of Astek, Westside CEO Geoffrey Simmonds said, "We aredelighted at the market response to the flotation of Astek and look forward toparticipating in its continued success. Our equity holding, valued at £1 millionat the placing price, will further strengthen Westside's net asset position aswell as serve as an excellent endorsement of our investment strategy." * * ENDS * * Enquiries: Geoffrey Simmonds, CEO, Westside Acquisitions plc Tel: 020 7935 0823Isabel Crossley, St Brides Media & Finance Ltd Tel: 020 7242 4477Mark Percy/Liam O'Donoghue, Seymour Pierce Limited Tel: 020 7107 8000 This information is provided by RNS The company news service from the London Stock Exchange