Worldsec To Raise USD4.2 Million To Expand Investment Portfolio (ALLISS)

13th Mar 2018 17:33

LONDON (Alliance News) - Worldsec Ltd said on Tuesday it intends to raise gross proceeds of USD4.2 million through an open offer to further the development and expansion of its investment portfolio.

The company said qualifying shareholders will be able to subscribe for an aggregate of 28.4 million open offer shares, at a price of USD0.15 each, on the basis of 1 open offer share for every 2 existing shares held.

All of the directors who currently hold shares have undertaken to take up, in full, their entitlements under the open offer.

Admission of the shares to trading on the Main Aarket is expected to take place on April 4.

Shares in Worldsec were untraded on Tuesday at 4.00 pence each.

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