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.

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

Interesting RNS today and predictions. Hope these come good in the way envisaged by the company's mgt. If so, this will be 'share of the year 2015'. Looking forward to being made very happy by it!

Good luck everyone.

tasty rns - fantastic

there'll certainly be a bob or two to be made if you're quick enough

It should be exciting to watch trading start on four different markets.


Frankfurt - opens at 8.00am ( which is 7.00am our time ) until 7.00pm OUR TIME.

Stuttgart - opens at 8.00 am ( which is 7.00am our time. ) until 9.00pm OUR TIME.

London, 8.00am until 4.30 pm

New York. OUR TIME = 2.30pm until 9.00pm.

Update
Further to the company's announcement on 12th December 2014, the FCA have now issued the company with guidance in relation to the transactions that the company asked the FCA to review pursuant to Listing Rule 5.6.4 (Reverse Takeovers). In the opinion of the FCA, following these acquisitions, the Company is, or will be, a fundamentally different business and therefore the transactions constitute a reverse takeover. Whilst the Company believes the arguments are finely balanced (in the Company's view, Worthington was an investment business prior to the transactions and will remain one following the transactions), the Company respects the FCA's view on this. Therefore, the Company's original request to suspend trading in the Company's shares remains in place pending a re-application for listing of the Company's shares and the issue of a prospectus.

The Company has already begun work on the prospectus and will seek to complete it as soon as possible. Once completed, and the application submitted, shares are expected to subsequently resume trading in London and also be traded in Frankfurt, Stuttgart and New York.

Following successful completion of the acquisitions, the Company will have substantial interests in litigation funding, media, clean energy, mining, oil and gas and property. Geographically, the Company will have significant investments in the United Kingdom, Australasia, Africa, North America, and India. Consolidated net assets of the group, following conversion of loan notes used to finance investments and before minority interests, are expected to exceed US $2 billion and generate net profits in excess of US $20 million in the first full year following acquisition, with substantial growth expected thereafter. Net assets per share, after financing costs and on a fully diluted basis, are expected to substantially exceed £5 per Worthington ordinary share.

The Company is in the process of preparing its audited accounts to 30th September 2014 and expects to hold its AGM towards the end of March 2015. The AGM notice and accounts will be available on the Company's website in due course.

Commenting on the news, Doug Ware CEO commented "Whilst ideally we would have liked to avoid triggering a reverse takeover, we respect the FCA's decision and will press ahead with completion of the Company's prospectus. I'm delighted with the progress that we have been able to make with these acquisitions and our pipeline of investments continues to grow. I would like to express my thanks to our shareholders for their patience and support during this process. In addition to these investments, the acquisition team will continue to progress new transactions which we believe will add further to shareholder value but which, once having produced the prospectus, will not trigger any future RTOs."

£5 + really, this must be some deal.

StockMarketWire.com
Worthington Group has decided not to proceed with an investment in CPS Energy Resources and confirms any such investment was not included in the company's calculation of consolidated assets, profits, sectors or geographic locations announced Jan. 9.

Announcement of Results
The Company will be releasing its results for the year ended 30th September 2014 in March 2015. This will coincide with the publication of the proposed prospectus and the calling of an AGM.

Difficult to make up one's mind on this company at this stage as far as I am concerned. It could be spectacular but there do seem to have been some Listing misunderstandings which may be something of concern. Hope it isn't a case of that. If their re-listing goes smoothly then the combination of that and some updating on their Greenland venture, coupled with any short positions being closed, would really drive the sp much higher. Seems that within 2 months we will know the outcome. Anyone else with a view on this stock?

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.