Business
Open Offer and Publication of Prospectus
Open Offer and Publication of Prospectus.
About this update from Worldsec Limited
[{"type":"text","content":"\n \nRNS Number : 6019H Worldsec Ld 13 March 2018 \n\nTHIS ANNOUNCEMENT IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, NEW ZEALAND, CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO\n \nThis announcement is not an offer of securities for sale, or an offer to buy or subscribe for, directly or indirectly, securities to any person in the United States of America or any other jurisdiction, including in or into Australia, New Zealand, Canada, the Republic of South Africa and Japan or any other jurisdiction in which such offer or solicitation is unlawful. This announcement is an advertisement and not a prospectus (or prospectus equivalent document). A prospectus in connection with the open offer and subsequent placings ( together, the \"Issues\") and the admission of the new ordinary shares of US$0.001 each in the Company (\"New Ordinary Shares\") to be issued pursuant to the Issues to listing on the premium listing segment of the Official List of the Financial Conduct Authority (\"FCA\") and to trading on the Main Market for listed securities of London Stock Exchange plc (together, \"Admission\") has been published by Worldsec Limited (\"Worldsec\" or the \"Company\" and, together with its subsidiaries, the \"Group\"). A copy of the Prospectus will shortly be available on the Company's website (www.Worldsec.com) and be available for viewing at the National Storage Mechanism at https://www.morningstar.co.uk/uk/NSM.\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION\n \n \n13 March 2018\n \nWorldsec Limited\n(\"Worldsec\" or \"the Company\")\n \nUnderwritten Open Offer to raise US$4.2 million at a price of US$0.15 per New Ordinary Share\n \nWorldsec announces an open offer to raise gross proceeds of US$4.2 million at a price of US$0.15 per Open Offer Share. All Qualifying Shareholders will be given the opportunity to subscribe for an aggregate of 28,367,290 Open Offer Shares on the basis of 1 Open Offer Share for every 2 Existing Shares held at the Record Date.\n \nAll of the Directors who currently hold Ordinary Shares have undertaken to take up in full their entitlements under the Open Offer in respect of a total of 9,950,...