TIDMHWSL
RNS Number : 2948G
Hadrian's Wall Secured Invs.Ltd
26 May 2017
26 May 2017
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR
INDIRECTLY, TO THE UNITED STATES, CANADA, JAPAN, SOUTH AFRICA OR
AUSTRALIA OR ANY MEMBER STATE OF THE EEA (OTHER THAN THE UNITED
KINGDOM) OR TO ANY NATIONAL, RESIDENT OR CITIZEN OF THE UNITED
STATES, CANADA, JAPAN, SOUTH AFRICA OR AUSTRALIA OR ANY MEMBER
STATE OF THE EEA (OTHER THAN THE UNITED KINGDOM) OR TO ANY OTHER
JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE OF THIS
ANNOUNCEMENT WOULD BE UNLAWFUL UNDER APPLICABLE SECURITIES
LAWS.
This announcement does not constitute an offer to sell, or the
solicitation of an offer to subscribe for or to buy, shares in any
jurisdiction. This announcement is neither an advertisement nor a
prospectus. Any investment in any shares referred to in this
announcement must be on the basis of the information contained in
the prospectus published by Hadrian's Wall Secured Investments
Limited on 2 May 2017 (the "Prospectus") and not in reliance on
this announcement or any other document or announcement. Copies of
the Prospectus may, subject to any applicable law, be obtained from
the registered office of the Company, on the Company's website or
via the National Storage Mechanism. This announcement does not
constitute and may not be construed as an offer to sell or an
invitation to purchase investments of any description, a
recommendation or the provision of investment advice by any party.
No information set out in this announcement is intended to form the
basis of any contract of sale, investment decision or any decision
to purchase shares in the Company.
Hadrian's Wall Secured Investments Limited
Results of C Share Placing and Offer for Subscription
Hadrian's Wall Secured Investments Limited (the "Company") is
pleased to announce that it has successfully raised GBP45.2 million
through the Initial Placing and the Initial Offer for Subscription
(the "Initial Issue") of C shares of no par value in the Company
(the "C Shares"). In total, applications were accepted in respect
of 45,194,862 C Shares, comprising 40,456,862 C Shares under the
Initial Placing and 4,738,000 C Shares under the Initial Offer for
Subscription. Additionally, since the aggregate gross proceeds of
the Offer and the Placing exceeded GBP40 million, each director of
the Company received a one-off additional fee of GBP7,500, which
was satisfied by way of the allotment and issue to the directors of
7,500 fully paid C Shares each (the "Directors' C Share Issue"), a
total of 30,000 C Shares. Consequently, in aggregate, 45,224,862 C
Shares were allotted in respect of the Initial Issue and the
Directors' C Share Issue.
Applications have been made for 45,224,862 C Shares to be
admitted to the premium listing 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"). Admission is
expected to occur at 8.00 a.m. on 31 May 2017.
The proceeds from the Initial Issue will be used to enter into
loan transactions in the Company's pipeline and it is expected that
these proceeds will be deployed within a period of approximately
six to nine months from Admission.
The ticker for the Company's C Shares is HWSC (ISIN:
GG00BDD98Q61). The terms and timing of the conversion of the C
Shares into Ordinary Shares will be announced in due course.
Winterflood Securities Limited acted as sponsor, sole financial
adviser and bookrunner to the Company.
Unless otherwise defined, capitalised terms in this announcement
shall have the meaning given to them in the Company's prospectus
dated 2 May 2017.
Contact Details
Hadrian's Wall Capital (Investment Adviser)
Ron Miao / Mike Schozer Telephone 020 3026 8620
International Fund Management (Investment Manager)
Chris Hickling Telephone 01481 737600
Winterflood Investment Trusts (Corporate Broker)
Joe Winkley / Neil Morgan Telephone 020 3100 0000
Disclaimer
Accessing this announcement in certain jurisdictions may be
restricted by law. Persons accessing this announcement must satisfy
themselves that it is lawful to do so under the applicable
securities laws of the jurisdiction from which they access this
announcement. The Company assumes no responsibility in the event
there is a violation by any person of such restrictions.
The value of investments may go down as well as up, and all of
the value of an investor's investment in the Company will be at
risk. Past performance is not a guide to future performance and the
information in this announcement or any documents relating to the
issue of the C Shares by the Company (including, without
limitation, the Prospectus) cannot be relied upon as a guide to
future performance. Persons needing advice should contact a
professional adviser.
Winterflood Securities Limited ("Winterflood"), which is
authorised and regulated by the Financial Conduct Authority, is
acting only for the Company in connection with the matters
described in this announcement and is not acting for or advising
any other person, or treating any other person as its client, in
relation thereto and will not be responsible for providing the
regulatory protection afforded to clients of Winterflood or advice
to any other person in relation to the matters contained
herein.
Neither Winterflood nor any of its directors, officers,
employees, advisers or agents accepts any responsibility or
liability whatsoever for, or makes any representation or warranty,
express or implied, as to the truth, accuracy or completeness of,
the information in this announcement (or whether any information
has been omitted from the announcement) or any information relating
to the Company, whether written, oral, or in a visual or electronic
form, and howsoever transmitted or made available or any loss
howsoever arising from any use of this announcement or its contents
or otherwise in connection with it.
This announcement may not be published, distributed or
transmitted by any means or media, directly or indirectly, in whole
or in part, in or into the United States. This announcement does
not constitute an offer to sell, or a solicitation of an offer to
buy, securities in the United States. Securities may not be offered
or sold in the United States absent registration under the United
States Securities Act of 1933, as amended (the "Securities Act").
The securities mentioned herein have not been, and will not be,
registered under the Securities Act and will not be offered to the
public in the United States. The Company has not been, and will not
be, registered under the United States Investment Company Act of
1940, as amended.
Neither this announcement nor any copy of it may be taken or
transmitted into or distributed in any member state of the European
Economic Area (other than the United Kingdom), Canada, Australia,
the Republic of South Africa or Japan or to any resident thereof.
Any failure to comply with these restrictions may constitute a
violation of the securities laws of any such jurisdiction. The
distribution of this announcement in other jurisdictions may be
restricted by law and the persons into whose possession this
announcement comes should inform themselves about, and observe, any
such restrictions.
This announcement includes "forward-looking statements". All
statements other than statements of historical facts included in
this announcement, including, without limitation, those regarding
the Company's investment strategy, plans and objectives are
forward-looking statements. Forward-looking statements are subject
to risks and uncertainties and accordingly the Company's actual
future financial results and operational performance may differ
materially from the results and performance expressed in, or
implied by, the statements. These factors include but are not
limited to those described in the Prospectus. These forward-looking
statements speak only as at the date of this announcement. The
Company expressly disclaims any obligation or undertaking to update
or revise any forward-looking statements contained herein to
reflect actual results or any change in the assumptions, conditions
or circumstances on which any such statements are based unless
required to do so by applicable law, the Prospectus Rules, the
Listing Rules, the Market Abuse Regulation or the Disclosure
Guidance and Transparency Rules of the FCA.
This information is provided by RNS
The company news service from the London Stock Exchange
END
ROIZMGZKNKVGNZM
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May 26, 2017 02:00 ET (06:00 GMT)
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