Business
Proposed Placing and Open Offer
Proposed Placing and Open Offer.
About this update from Worldsec Limited
[{"type":"text","content":"\n \nRNS Number : 8868K Worldsec Ld 02 August 2013 \n \n\n2 August 2013\n \nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, RELEASE, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL OR TO US PERSONS.\nThis Announcement is an advertisement. It is not a prospectus and does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or solicitation of any offer to buy or subscribe for, any shares in Worldsec Limited (the \"Company\") or securities in any other entity, in any jurisdiction, including the United States, nor shall it, or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection with, any contract or investment decision whatsoever, in any jurisdiction. This Announcement does not constitute a recommendation regarding any securities.\nAny investment decision must be made exclusively on the basis of the documents to be published by the Company for the purposes of the Listing Rules comprising of, a Circular together witha Summary and Securities Note and a Registration Document (together the \"Prospectus\") in connection with the admission of new Ordinary Shares of the Company to the premium segment of the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities (\"Admission\"). Copies of the Prospectus will be available from the offices of TLT LLP, 20 Gresham Street, London EC2V 7JE.\nTerms used in this announcement shall have the same meaning as set out in the Prospectus. \nWorldsec Limited\n(\"Worldsec\" or \"the Company\")\n \nProposed Placing and Open Offer and Notice of Special General Meeting to vote amongst others, on a related party transaction\n \nWorldsec today announces that it intends to conditionally place under the First Placing up to 30,000,000 First Placing Shares at a price of US$: 10 cents per Share, thereby raising gross proceeds of US$3.0 million, assuming full subscription. The Company also intends to retain the right to issue up to 50,000,000 new Placing Shares at any time within a period of 12 months from the date of the Registration Document or, if earlier, t...