Michael Edelson, serial director, and amongst other current directorships on the Board of Singer & Friedlander AIM3 VCT plc, has been appointed to the Board of WRN to assist Joe Dwek, current chairman, holder of over 17% of the equity and currently ubderwriting WRN's term loans, in seeking to merge, acquire or reverse WRN into a new business. WRN already has valuable property assets which have Change of Use potential, so the company might readily appeal to a private property company seeking a full listing.
The shares are thinly traded and have already responded to this recent appointment in anticipation that a deal will not be long in coming. The right deal should make this stock motor.

See RNS this morning. Suspended at company's request under Rule 5.6 - temporarily. Should be quite a salutary moment for any who have shorted this stock.

You assume that the news is going to be good.

Is that police sirens I can hear ?...

I think rule 5.6 is about voting rights but would not be surprised to see this return from suspension with another deal as well. A Friday suspension would give the whole weekend to finalise it. May be wrong but it could be tactical.

lol rf that made me laff :-)

could be sharesure - several rumours flying around

gla

17th October2014

Shareholding notification
The Company received notification on 10th October 2014 that Liberty Capital Ltd, (in liquidation) ("Liberty"), a British Virgin Islands registered Company, had disposed of its entire holding of 1,980,000 ordinary shares in the Company. Bearing in mind that the company was notified on 3rd September 2012 that Liberty no longer had a notifiable interest in the Company, and had received no further notifications from Liberty, the Company has undertaken a verification exercise to ensure the authenticity of the notification. The Company is now satisfied that the notifications received on 10th October 2012 are correct. The Company has not been able to establish whether the shares sold by the liquidator of Liberty were held beneficially for Liberty or not.

Commenting on the news Doug Ware CEO said: "It is good that this finally draws a line under the involvement of Liberty as a shareholder of the Company, and that this legacy overhang of shares has been removed. We welcome our new shareholders, and look forward to a bright future as we continue to build the Company into a large scale international investment Company, we will be making a further announcement in this regard very shortly".

Apparently a Q. and A. with Doug will be up on the website today.

Q. and Answer is up!!





http://worthingtongroupplc.com/ceo-questions-and-answers/

Apparently due an RNS later in the day if all signatories have agreed. Whether it is worth striving for a re-quote right now in this market is a moot point. I would rather that is left a bit longer - to coincide with the rare earth metals project issuing a positive update? Or a court case settled?

Apparently not!

StockMarketWire.com
Worthington says it is making good progress in its negotiations to acquire substantial new investments.

It is anticipated that these negotiations will be concluded shortly and that any associated fundraising will be completed at a significant premium to the company's share price at the date of suspension - reflecting the radically enhanced profitability and prospects of the company resulting from the transactions in question.

It has also been agreed that once the suspension of trading in the company's ordinary shares has been lifted in London, in addition to the commencement of trading in Frankfurt, the company's ordinary shares will also be traded in Stuttgart until 9 p.m. GMT each trading day.

This is in keeping with the company's policy to increase the volume of trading in, and therefore liquidity of, the company's ordinary shares - thus enabling the company to complete progressively larger transactions.

Chief executive Doug Ware said:"Having worked extremely hard over the last two years to secure the company's future and provide a platform for rapid growth, we are delighted that we are entering this new phase in the company's development. We are confident that the transactions under negotiation will not only radically enhance the company's prospects but, in terms of scale, allow the company to acquire and finance even larger, earnings enhancing and growth accelerating, investments over the coming year.

"I am very grateful to the Worthington acquisition team, headed by David Winduss, for the sterling work they have performed negotiating and progressing these investments and associated financing. We expect to be able to announce details of these transactions within the next two weeks."

It would be great, but of course entirely a coincidence, if these came back from suspension simultaneously with a number of positive announcements, wouldn't it?!!!!!! I don't think that I would like to be on a short position and have no sympathy for those that are.

Bought in just before suspension... I'm hoping for good things from this this coming week

24th November 2014
FOR IMMEDIATE RELEASE

Update

Further to the Company's announcement on 10th November, the Company will be applying to lift the suspension of trading in the Company's shares shortly and will be releasing details of the transactions at the same time.

Commenting on developments, Doug Ware CEO stated "we have used the period of suspension to advance major new investments which we believe will add greatly to shareholder value. We are therefore pleased that we will shortly be in a position to apply for trading in the Company's shares to be resumed"

We'll find out soon then as to what's happening..I just bought 2k shares @87p just before suspension so I'm looking forward to seeing what the SP will be on it's return to market!

from what i've read, you should be well in the money with those

skyhigh, good move. I did the same but had to pay slightly more. If the deals live up to the mgt's comments and there are a lot of short positions outstanding (anyone know if that is still correct?) then this should slingshot the sp much higher. From the company's Q&A sessions on their website I wouldn't blame them for making sure the detractors get burnt.

.

Looks like a possible re-listing this week. My hope is that that coincides with an update on the Rare Earth Metals venture. A sniff of that being a winner would put a rocket under the sp.

Could be an exciting New Year!!






Statement from Doug Ware CEO re the restoration of trading in the Company’s shares

Monday December 22nd 2014

We are keen for the restoration of trading to take place as soon as possible so that we can complete a number of important transactions.

Whilst we would like trading to recommence as soon as possible, we are currently consulting with the FCA in relation to ten transactions and so understand that, whilst the FCA are being as efficient as possible, we may need to be a little more patient. We expect to hear further before the New Year.

Assuming that the FCA agree with us that none of the transactions involve an RTO, we will be well placed to complete these and other transactions, using the same structures in future. To that extent, the period of suspension to clarify these points, and finalise key investments, will prove to have been in the best ongoing interests of shareholders as we progress our plans to build a successful global investment company.

Doug Ware, CEO