Penson Worldwide, Inc. (NASDAQ:PNSN) has filed a universal shelf registration statement on Form S-3 with the Securities and Exchange Commission (SEC) which the Company may utilize from time to time during the three years following the date it becomes effective, subject to applicable laws.
The Company may use net proceeds from the sale of securities under the shelf registration statement for working capital and general corporate purposes, including the repayment of existing debt and investments in subsidiaries or for acquisitions. Such uses could include the Company''s previously announced plans to increase regulatory capital in connection with Penson Financial Services, Inc.''s proposed acquisition of clearing contracts from Ridge Clearing & Outsourcing Solutions, Inc.
When declared effective by the SEC, the Company may offer and sell from time to time, up to $175 million of equity, debt or other types of securities described in the registration statement, or any combination thereof, in one or more future public offerings. The Company does not currently have any commitments with respect to a sale of securities under the registration statement. Any future offerings will be made only by means of a written prospectus authorized by the Company. The terms of any future offering would be established at the time of such offering subject to market conditions.
These securities may not be sold nor may offers to buy be accepted prior to the time that the registration statement becomes effective. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such state or jurisdiction.
About Penson Worldwide: www.penson.com
The Penson Worldwide group of companies provides execution, clearing, custody, settlement and technology infrastructure products and services to financial services firms and others servicing the global financial services industry. The Penson Worldwide group of companies includes Penson Financial Services, Inc., Penson Financial Services Canada Inc., Penson Financial Services Limited., Nexa Technologies, Inc., Penson GHCO, Penson Financial Services Australia Pty Ltd and Penson Asia Limited, among other companies. Headquartered in Dallas, Texas, Penson has served the clearing needs of the global financial services industry since 1995. Penson Worldwide - Building the Best Clearing and Execution Services Firm in the World.
Penson Forward-Looking Statements
The statements in this news release relating to matters that are not current or historical facts are forward-looking statements. Such forward-looking statements are based on current plans, estimates and expectations. Forward-looking statements are based on known and unknown risks, assumptions, uncertainties and other factors. Penson''s actual results, performance, or achievements may differ materially from any future results, performance, or achievements expressed or implied by such forward-looking statements. Penson undertakes no obligation to publicly update or revise any forward-looking statement.
Contacts:
For Penson
Public Relations:
Intermarket
Communications
Andy Yemma, 212-754-5450
ayemma@intermarket.com
Erica
Fidel, 212-754-5448
efidel@intermarket.com
or
Investor
Relations:
Anreder & Company
Gary Fishman, 212-532-3232
gary.fishman@anreder.com
Steven
Anreder, 212-532-3232
steven.anreder@anreder.com
