Sept 17 (Reuters) - 5G Networks Ltd 5GN.AX :
* ENTERED INTO A BID IMPLEMENTATION DEED WITH WEBCENTRAL GROUP
* CONSIDERATION FOR 5GN'S OFFER IS 1 FULLY PAID ORDINARY SHARE IN 5GN FOR EVERY 12 WCG SHARES HELD BY A WCG SHAREHOLDER
* WEBCENTRAL DIRECTORS UNANIMOUSLY RECOMMEND OFFER IN ABSENCE OF A SUPERIOR PROPOSAL
* CURRENTLY HAS A RELEVANT INTEREST IN ABOUT 10.07% OF WEBCENTRAL SHARES ON ISSUE
* CONSIDERATION IMPLIES PRICE OF 16.0 CENTS PER WCG SHARE