CITYSCAPE FINANCIAL CORP. FILES REGISTRATION STATEMENT FOR OFFERING OF 2,250,000 SHARES OF COMMON STOCK.ELMSFORD, N.Y.--(BUSINESS WIRE)--October 12, 1995--Cityscape Financial Corp. (Nasdaq Bulletin Board:CTYS CTYS Chat to You Soon ) today announced the filing with the Securities and Exchange Commission of a registration statement relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the public offering of 2,250,000 shares of its Common Stock. Of the total number of shares to be offered, the company proposes to sell 1,200,000 shares and certain institutional holders of warrants to purchase common stock of the Company propose to sell 1,050,000 shares. In addition, certain stockholders have granted the underwriters options to purchase up to an aggregate of 337,500 additional shares of Common Stock solely to cover over-allotments, if any, made in connection with the offering. The net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). to the Company from the offering will be used to repay outstanding amounts under the Company's standby facility as well as a working capital credit line under its warehouse facility, to retire outstanding senior subordinated debentures, and for general corporate purposes. The underwriting syndicate Underwriting syndicate A group of investment banks that work together to sell new security offerings to investors. The underwriting syndicate is led by the lead underwriter. See also: Lead underwriter. underwriting syndicate See syndicate. will be managed by Alex. Brown & Sons Incorporated, NatWest Securities Limited and Wasserstein Perella Securities, Inc. Cityscape (company) CityScape - A re-seller of Internet connections to the PIPEX backbone. E-Mail: <sales@cityscape.co.uk>. Address: CityScape Internet Services, 59 Wycliffe Rd., Cambridge, CB1 3JE, England. Telephone: +44 (1223) 566 950. Financial Corp. is a consumer finance company that, through its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Cityscape Corp., and through City Mortgage Corporation Limited, is engaged in the business of originating, purchasing, selling and servicing mortgage loans secured primarily by one- to four-family residences both domestically and in the United Kingdom. Cityscape Corp. was founded in 1985 and is headquartered in Elmsford, New York Elmsford is a village in Westchester County, New York, United States. The population was 4,676 at the 2000 census. As a village, it is located in the Town of Greenburgh. The village is named after a large elm tree that once grew in the community. . A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sales 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. CONTACT: Robert C. Patent Cityscape Financial Corp. (914) 592-6677 or Paul Steidler, Jackie Day Morgen-Walke Associates, Inc. (212) 850-5600 |
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