Worldsec Regulatory News (WSL)

30 August 2013

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, RELEASE, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER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.

This 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 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.

Any investment decision must be made exclusively on the basis of the documents published by the Company for the purposes of the Listing Rules comprising of, a Circular together with a 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 are available from the offices of TLT LLP, 20 Gresham Street, London EC2V 7JE.

Terms used in this announcement shall have the same meaning as set out in the Prospectus.

Result of the Open Offer and First Placing

Worldsec Limited (the "Company" or "Worldsec") announces that as at 11:00 a.m. on 28 August 2013, being the latest time and date of receipt for acceptance and payment in full, it had received valid acceptances in respect of 7,611,052 New Shares, pursuant to the Open Offer announced by the Company on 2 August 2013. 

In accordance with his underwriting obligations as disclosed in the Prospectus dated 2 August 2013, and subject to the passing of the Resolutions and Admission taking place, Henry Ying Chew Cheong, Deputy Chairman of the Company, has subscribed for an additional 5,756,238 New Shares not taken up in the Open Offer in his capacity as Underwriter.

In addition, the Company announces that it has received valid acceptances in respect of the Maximum Subscription of 30,000,000 First Placing Shares, pursuant to the First Placing announced by the Company on 2 August 2013. As a result, Henry Ying Chew Cheong has not participated in the First Placing in his personal capacity.

Subject to Admission, Henry Ying Chew Cheong will have a beneficial interest in 19,608,238 Ordinary Shares, representing 34.56 per cent. of the Company's issued share capital as enlarged by the First Placing and Open Offer.

A total of 43,367,290 Ordinary Shares will be issued under the First Placing and Open Offer, representing 324.43 per cent. of the Company's issued share capital prior to the First Placing and Open Offer.

It is expected that the First Placing Shares and New Shares will commence trading fully paid on the London Stock Exchange's main market for listed securities at 8:00 a.m. on 5 September 2013. It is expected that the New Shares in uncertificated form will be credited to the CREST accounts of the persons entitled thereto on 5 September 2013 and that the definitive share certificates in respect of First Placing Shares and New Shares in certificated form will be despatched to Shareholders entitled hereto on 11 September 2013.

In accordance with the Listing Rules, the Company has submitted a copy of the Resolutions passed at the Special General Meeting to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/UK/nsm.

Total Voting Rights

In accordance with 5.6.1 of the FCA's Disclosure and Transparency Rules, the Company notifies the market of the following:

On Admission, the Company's issued share capital will consist of 56,734,580 Ordinary Shares. No Ordinary Shares are held in treasury.

The above figure for total number of Ordinary Shares may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.