Information  X 
Enter a valid email address

Worthington Group (WRN)

  Print      Mail a friend

Thursday 05 February, 2015

Worthington Group

Publication of Prospectus

RNS Number : 1905E
Worthington Group PLC
05 February 2015
 



Worthington Group plc ("the Company" or "Worthington")

5th February 2015

FOR IMMEDIATE RELEASE

Publication of Prospectus

Further to the Company's announcement dated 9th January 2015, the Company confirms that it is preparing a prospectus for submission to the FCA for approval by them.  Once the prospectus has been approved and published, the Company's listing on the standard segment of the Official List will be cancelled (together with its trading on the Main Market of the London Stock Exchange) and it will then reapply for listing on the standard segment of the Official List (and for admission to the Main Market of the London Stock Exchange) as a diversified conglomerate.  If the FCA and the London Stock Exchange approve those reapplications, it is anticipated that cancellation of the listing and of admission to trading and readmission of the Company's shares to listing and to trading will be simultaneous.   The Company has not yet submitted a draft prospectus for approval nor made the applications for re-listing and readmission.  No timetable for the approval of the prospectus or the consideration of the reapplication to the Official List has yet been discussed or agreed with the FCA.  The Company will make further announcements in due course.

 

About Worthington Group Plc ("Worthington")

 Worthington (Stock Exchange LSE: WRN) is a British investment company that  celebrates its 61st anniversary as a London Stock Exchange main market listed company this year. The Company has four areas of investment focus: property, litigation claims, new economy and emerging markets. The Company believes that exceptional shareholder returns can be achieved by utilising its main market Sterling paper to acquire investments in these sectors worldwide.

 

Note: Forward-looking statements contained in this announcement, including Worthington's strategy and plans, as well as expectations for future revenue and earnings, reflect Worthington's   current views and assumptions with respect to future events and are subject to certain risks, uncertainties and assumptions. There are many factors that may cause actual results achieved to differ materially from expectations for future results and expectations that may be expressed in or form an assumption of such forward-looking statements. Such factors include risks related to the day to day business of Worthington, client volatility, sales fluctuations, the general economic climate, political and environment and  other risks,  cancellations,  software failures and interruption to service to customers due to technical problems, acquisition delays  and failure as well as other uncertainties related to the results of Worthington including risks of delays or closure of projects, price falls, currency fluctuations and changes in contract terms, legislation and administrative practices, as well as competition risk and other unforeseen factors. If one or more of such risks or factors of uncertainty were to materialise, or should one or more of the statements provided prove to be incorrect, actual developments may differ materially from the forward-looking statements contained in this announcement.

 

 

Enquiries:

Charlotte Parham, Media information                           Tel: +44 203 291 1872

or email: [email protected]

 

PD Cosec - Company Secretary                                        Tel: +44 208 940 0963

Website: www.worthingtongroupplc.com

Statement ends.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
PDIPKPDPQBKDDBK

a d v e r t i s e m e n t