Regulatory News Item

2009/11/17
REG-Westcity PLC Scheme of arrangement
<pre>http://pdf.reuters.com/Regnews/regnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20091117:RnsQ6479C . RNS Number : 6479C Westcity PLC 17 November 2009 Not for release, distribution or publication, in or into any jurisdiction where it is unlawful to do so. Westcity PLC ("Westcity") Scheme of Arrangement now effective Westcity is pleased to announce that the Scheme has become effective. Admission to trading of the Westcity Shares on AIM is expected to be cancelled at 8:00am tomorrow morning. Under the Scheme, Scheme Shareholders will receive: for each Scheme Share 13 pence in cash Those Scheme Shareholders who have elected to receive Berkshire Shares instead of the Cash Consideration will receive: for each Scheme Share one Berkshire Share CREST accounts will be credited, or cheques will be posted, in respect of the cash consideration to which Scheme Shareholders are entitled under the Scheme within 14 days. Unless the context otherwise requires, terms defined in the Scheme Document dated 21 September 2009 have the same meaning in this announcement. Enquiries: For further information please contact: Westcity PLC + 44 (0) 20 7424 6700 Ira Rapp, Chief Executive Officer Michael Tannenbaum, Finance Director KBC Peel Hunt Ltd (Financial adviser) +44 (0) 20 7418 8900 Alex Vaughan Richard Kauffer KBC Peel Hunt, which is authorised and regulated in the United Kingdom for the conduct of investment business by the Financial Services Authority, is acting exclusively for Westcity and no one else in connection with the matters described in this announcement and will not be responsible to anyone other than Westcity for providing the protections afforded to clients of KBC Peel Hunt nor for providing advice in relation to the matters described in this announcement. This announcement is not intended to, and does not constitute or form any part of, an offer or invitation to sell or subscribe for or purchase any securities or solicitation of any vote or approval in any jurisdiction pursuant to the Acquisition Proposal or otherwise. The Acquisition Proposal was made through the Scheme Document, which contains the full terms and conditions of the Acquisition Proposal (including details of how Shareholders were required to vote in respect of the Acquisition Proposal). Any acceptance of or other response to the Acquisition Proposal should be made only on the basis of the information contained in the Scheme Document. Shareholders are advised to read the Scheme Document carefully. Notice to Overseas Persons The availability of the Acquisition Proposal to Shareholders who are not resident in the United Kingdom may be affected by the laws of relevant jurisdictions. Shareholders who are not resident in the United Kingdom will need to inform themselves about and observe any applicable requirements. The Acquisition Proposal will be subject to the applicable rules and regulations of the London Stock Exchange and the City Code. This communication shall not constitute an offer to sell or the solicitation of an offer to buy securities, or the solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. In accordance with Rule 19.11 of the City Code, a copy of this announcement will be published on http://www.westcityplc.com. This information is provided by RNS The company news service from the London Stock Exchange END SOAFFDFLWSUSELF </pre>