Hacker News Reader

Comment by jstanley | Hacker News Reader

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.

View on HN

IPO 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.

I 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?

I can view it just fine in Australia. Now I'm going to download a car too before I get caught.

It is not a disclaimer. It is a prohibition and yes this distribution to US is a breach. But that's normal for LSE. Barmy.

This 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!"

> My understanding is that the source knows they have no way of controlling the dissemination of the document

But they do. Geoblocking.

Could someone who links to the document be charged with copyright infringement?

Read the next 2 paras. It's SOP for for listings in the UK under the FSMA.

Reply on news.ycombinator.com