10 Sep 2007 16:30
WESTERN SELECTION P.L.C. ALLOCATION OF WARRANT UNITS 10th September 2007
The Directors of Western Selection P.L.C. have now allocated Warrant Units to shareholders that had submitted applications by 10:00am on the 17th August 2007.
Due to the Warrant Unit Offer being fully subscribed by Shareholders prior to the first closing date, no allocation is available to non-shareholders. A total of 436,011 Warrant Units were applied for by non-shareholders.
In accordance with the Terms of the Offer, all entitlement applications are satisfied in full. Small shareholders, being those holding 75,000 shares or less on the reference date of 13th July 2007, are given preferential treatment in the allocation of excess applications.
Applications for entitlement and excess shares from small shareholders amounting to 25,000 units or less in aggregate will be allocated in full; applications from small shareholders above this amount and excess applications from all other shareholders have been scaled back by 41.16%.
Refund cheques were sent by 1st class post on 5th September 2007 by the Registrars and warrant certificates will be sent by 1st class post on 11th September 2007.
The application for Admission for trading on PLUS for the 2007 Warrants and the 2010 Warrants has been lodged and it is currently anticipated that trading will commence on PLUS at 8:00am on 17th September 2007.
-ENDS-ENQUIRIES TO:Western Selection PLC
David Marshall / Edward Beale 020 7448 8950
Ruegg & Co. LimitedRoxane Marffy 020 7584 3663Loeb Aron & Co. Ltd.Peter Freeman 020 7628 1128
WESTERN SELECTION PLC