27 Mar 2008 11:53
Date: 27th March 2008
On behalf of Western Selection P.L.C. ("the Company")
For immediate release Western Selection P.L.C. Exercise of 2010 Warrants ("Warrants")
Western Selection P.L.C. , an investment finance company, today announces that following the issue of 7,695,133 Warrants in September 2007 the first exercise date for the Warrants was 25th March 2008, being 28 days after the despatch of the interim results for the half year ended 31st December 2008.
Applications to exercise 1,110 Warrants have been received and application has been made for the 1,110 new shares to be admitted to AIM with effect from 2nd April 2008. The new shares will rank pari passu with the existing shares in all respects. Following the issue of these new shares, the issued share capital of the Company will be 17,956,419 shares of 40p each and there will be 7,694,023 Warrants remaining.
Copies of this notification are held at the Company's office, 30 City Road, London, EC1Y 2AG (tel. 020 7448 8950) and are available for a period of 14 days from the date of this announcement.
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For further information, please contact:
Western Selection P.L.C. 020 7448 8950 David Marshall/Edward Beale Ruegg & Co. Limited 020 7584 3663 Brett Miller Notes to Editors:
The Company is an investment finance company and the investment policy is to hold strategic stakes in a few smaller UK quoted companies and maintain a diversified portfolio of U.K. listed equities, together with a few holdings on AIM, PLUS and some unlisted shares. Strategic Investments are minority positions where the Board seeks to maintain a close working relationship with the management of the investee. Western is represented on the boards of two of its three Strategic Investments. The general portfolio is managed by two non-executive directors, Andrew Hall and Michael Robotham, and the Board as a whole takes decisions in relation to both strategic and unlisted investments.
WESTERN SELECTION PLC (WARRANTS)