Daily Archives: August 11, 2018

WillScot Corporation Announces Exercise and Closing of Underwriters’ Option to Purchase Additional Shares

BALTIMORE, Aug. 10, 2018 (GLOBE NEWSWIRE) — WillScot Corporation (Nasdaq: WSC) (“WillScot”), a specialty rental services market leader providing innovative modular space and portable storage solutions across North America, today announced that the underwriters of its recent offering of 8,000,000 shares of its Class A common stock, par value $0.0001 per share (“Common Stock”), have exercised their option to purchase an additional 1,200,000 shares of Common Stock on the same terms as the initial offering.

WillScot received approximately $19.2 million of gross proceeds from the underwriter’s exercise of their option to purchase additional shares. WillScot expects to use the net offering proceeds to fund, in part, the purchase price of its pending acquisition of Modular Space Corporation (d/b/a “ModSpace”).  If the ModSpace acquisition does not close, WillScot intends to use the net proceeds for general corporate purposes.

Barclays, Deutsche Bank Securities, Morgan Stanley, BofA Merrill Lynch, Credit Suisse and ING were the joint book-running managers for the offering. The offering was made pursuant to an effective shelf registration statement, as amended, including a base prospectus, that was filed with the Securities and Exchange Commission (the “SEC”) and declared effective on April 3, 2018 and is available on the SEC website. A prospectus supplement and the accompanying base prospectus related to the stock offering were filed with the SEC on July 27, 2018 and are available on the SEC website. Copies of these documents may be obtained from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (telephone: (888) 603-5847 or email: Barclaysprospectus@broadridge.com), Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005 (telephone (800) 503-4611 or email: prospectus.cpdg@db.com), Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, and BofA Merrill Lynch, Attention: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC 28255-0001 (email: dg.prospectus_requests@baml.com).

This press release is neither an offer to sell nor a solicitation of an offer to buy any of the shares of Common Stock or any other securities of WillScot, nor shall there be any sale of the shares of Common Stock or any other securities of WillScot in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About WillScot Corporation

Headquartered in Baltimore, Maryland, WillScot Corporation is the public holding company for the Williams Scotsman family of companies in the United States, Canada and Mexico. WillScot Corporation trades on the NASDAQ stock exchange under the ticker symbol “WSC.” WillScot is a specialty rental services market leader providing innovative modular space and portable storage solutions across North America. WillScot is the modular space supplier of choice for the construction, education, health care, government, retail, commercial, transportation, security and energy sectors. With over half a century of innovative history, organic growth and strategic acquisitions, its branch network includes over 100 locations, its fleet comprises nearly 100,000 modular space and portable storage units, and its customer base has grown to approximately 35,000.

Contact Information

Investor Inquiries:

Mark Barbalato
investors@willscot.com

Media Inquiries:

Scott Junk
scott.junk@willscot.com

30th Diplomatic Conference to promote Vietnam’s profile worldwide

The 30th Diplomatic Conference will be held from August 12-17 in Hanoi with the theme: “Vietnam’s diplomatic work: Proactiveness, Innovation, Effectiveness towards successfully implementing Resolutions of the 12th National Party Congress”.

The conference aims to gauge the implementation of Resolution of the 12th National Party Congress on foreign relations in the last two years and seek ways to succesfully carry out the Resolution in the coming years in preparation for the 13th National Party Congress. It will also devise ways to fully tap opportunities and overcome challenges to implement the Party and State’s foreign policy in an active, creative and effective manner to elevate Vietnam’s profile worldwide. The conference will work out measures to effectively promote international integration and multilateral diplomacy of Vietnam, contributing to national construction and defense.

Source: VOV5

Russia criticizes US, UK for putting pressure on former spy investigation

The UK’s unreasonable allegations and the US new sanctions against Russia regarding the poisoning of former spy Sergei Skripal aim to put pressure on the investigation, Russian Embassy in the UK said on Friday.

Kremlin spokesperson Dmitry Peskov said President Vladimir Putin discussed possible new US sanctions against Russia with his Security Council on Friday, saying the latest round of sanctions was absolutely illegal under international law.

The same day, Russian Foreign Minister Sergei Lavrov and US Secretary of State Mike Pompeo talked by telephone to discuss Washington’s new sanctions against Moscow amid escalating tension of relations. Lavrov said Moscow completely rejects the sanctions.

Source: VOV5

Vietnam prepares for manufacture’s new era

Capgemini’s Digital Transformation Institute estimates that in the next five years, smart factories may contribute as much as 500 billion USD in added value to the global economy.

Suttisak Wilanan, Deputy Managing Director of Reed Tradex company, said smart factories are a huge change for a developing country like Vietnam. He said he believes that Vietnamese businesses will successfully join the global network of localization to meet international consumers’ demands. Mr. Wilanan suggested Vietnamese businesses strongly invest in manufacturing technology so as not to miss opportunities following the trend of mass and chain production.

Source: VOV5

NA Standing Committee debates bill on architecture

The National Assembly Standing Committee discussed the bill on architecture for the first time on Saturday as part of its 26th session.

The majority of deputies agreed on need to promulgate the law on architecture as proposed by the government and verified by the Assembly’s Committee for Science, Technology, and Environment. They said the law issuance aims to meet the rising demands of management and development of the modern and traditional architecture with a contingent of talented architects to contribute to national socio-economic development, security, and international integration.

Source: VOV5

UN General Assembly appoints former Chilean President as rights chief

The UN General Assembly approved on Friday the appointment of former Chilean President Michelle Bachelet as the world body’s new human rights chief.

UN Secretary General Antonio Guterres announced the appointment of Bachelet on Wednesday. She will replace Jordan’s Zeid Ra’ad al-Hussein, who is stepping down at the end of the month after a four-year term in the Geneva-based job.

Bachelet is the first female leader in Chile. She served as Chilean president from 2006 to 2010 and from 2014 to March this year. She led UN Women, which supports gender equality and the empowerment of women, between 2010 and 2013.

Source: VOV5

PM approves strategy for Vietnam’s banking sector development by 2025

The Prime Minister has approved a strategy for Vietnam’s banking sector by 2025 and vision towards 2030.

The strategy aims to promote independence, self-reliance, and accountability of the State Bank for monetary policy, inflation control at a level appropriate to socio-economic orientations in various development periods, support for macro-economy stability, and boost sustainable growth. From 2021 to 2025, efforts will be made to enhance competitiveness, transparency, and compliance with international standards in the management and operation of credit organizations. By 2025, at least 2 or 3 commercial banks should be included in the top 100 biggest banks in Asia in terms of total asset and from 3 to 5 banks should have their shares listed in foreign securities markets.

Source: VOV5