4 ms·
What's the warning at the start all about? Aren't they violating their own terms by serving it publicly on the internet? > THIS ANNOUNCEMENT IS NOT FOR RELEASE
by jstanley 2y ago
What's the warning at the start all about? Aren't they violating their own terms by serving it publicly on the internet?
> THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION WHERE SUCH DISTRIBUTION WOULD BE UNLAWFUL.
- alephnerd 2y agoRead the next 2 paras. It's SOP for for listings in the UK under the FSMA.
- d1sxeyes 2y agoI don’t know if LSE are obligated to follow laws in those countries, but they may add this disclaimer to help others who may be obligated to follow those laws? Also I’m not in any of the jurisdictions mentioned, potentially there’s some kind of geoblocking on the document?
- hayley-patton 2y agoI can view it just fine in Australia. Now I'm going to download a car too before I get caught.
- chrisjj 2y agoIt is not a disclaimer. It is a prohibition and yes this distribution to US is a breach. But that's normal for LSE. Barmy.
- Shrezzing 2y agoIPO announcements need to come from approved/authoritative organisations. This one is distributed by the UK's authoritative organisation - RNS news. In the other territories, IPO announcements also have to be made by authoritative organisations. RNS is approved in the UK, but not the other territories.
- vermden 2y agoThis is a classic disclaimer put on top of all types of financial documents, you can see it all the time on IPO's, mergers, any type of corporate actions like repurchase offers, shareholders / bondholders meetings etc. My understanding is that the source knows they have no way of controlling the dissemination of the document, and thus use such disclaimer to attempt to push the responsibility to any party receiving the doc - "ah! see our disclaimer? you should not have read this doc, its on you now!"
- chrisjj 2y ago> My understanding is that the source knows they have no way of controlling the dissemination of the document But they do. Geoblocking.
- phendrenad2 2y agoCould someone who links to the document be charged with copyright infringement?