Extension of Share Trading 'Closed Period'
Perth, Mar 12, 2014 AEST (ABN Newswire) - The Board of WestSide Corporation Limited (
ASX:WCL) has extended the share trading 'closed period' for key management personnel (including Directors) and employees until the time that the Company's March quarter Activities Report is issued (expected to be late April).
Under WestSide's Securities Trading Policy, key management personnel and employees are prohibited from dealing in the Company's securities during "closed periods".
On 10 March 2014, WestSide received a notice from Landbridge Group Co., Ltd ("Landbridge"), a company based in Shandong Province, China, that it conditionally intends to make an unsolicited off market conditional takeover bid for all of the shares in WestSide for cash consideration of $0.36 per share ("Intended Bid").
The Board of WestSide is currently reviewing the terms of the Intended Bid, and the conditions to a bid being made. However, as there is no guarantee that any formal offer will eventuate, shareholders are advised to take no action at this time.
Contact
WestSide Corporation Ltd
Mike Hughes
Managing Director and CEO
TEL: +61-7-3020-0900
WestSide Corporation Ltd
Damian Galvin
Company Secretary
TEL: +61-7-3020-0900
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