Performance Rights Exercisable
Brisbane, June 30, 2014 AEST (ABN Newswire) - In accordance with Listing Rule 3.10.7, WestSide Corporation Limited (
ASX:WCL) (WBRIF:OTCMKTS) wishes to advise that 1,700,000 Employee Performance Rights held by WestSide's Managing Director's nominee automatically became exercisable as a result of Landbridge Energy Australia Pty Ltd declaring its off-market takeover bid for WestSide unconditional. The relevant terms of these Performance Rights are set out in WestSide's Target's Statement dated 16 May 2014.
WestSide has not received any notice to exercise these Performance Rights. In accordance with the terms of offer for these Performance Rights, they will expire and cease to exist if not exercised on or before the first anniversary of the first date on which they were able to be exercised (if they have not lapsed earlier in accordance with the terms of the WestSide Employee Performance Rights Plan).
WestSide and all of its Directors continue to recommend that shareholders take no action with respect to Landbridge's offer.
Contact
Mike Hughes
WestSide Corporation Limited
Managing Director and CEO
Tel: +61-7-3020-0900
Damian Galvin
WestSide Corporation Limited
Company Secretary
Tel: +61-7-3020-0900
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