11th Oct 2013 07:00
11 October 2013
This announcement is not for distribution, directly or indirectly, in or into the United States of America (including its territories and possessions, any state of the United States of America and the District of Columbia) (the "United States"), Australia, Canada, Japan. This announcement does not constitute, or form part of, an offer to sell, or a solicitation of an offer to purchase, any securities in the United States, Australia, Canada, Japan. The ordinary shares of £0.01 each in the capital of the Company (the "Ordinary Shares") offered by Arrow Global have not been and will not be registered under the U.S. Securities Act of 1933 (as amended) (the "Securities Act") or under any securities laws of any state of the United States and may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There will be no public offering of securities in the United States. The securities referred to herein have not been registered under the applicable securities laws of Australia, Canada or Japan and, subject to certain exceptions, may not be offered or sold within Australia, Canada or Japan or to any national, resident or citizen of Australia, Canada or Japan. The distribution of this announcement in other jurisdictions may be restricted by law and persons into whose possession this announcement comes should inform themselves about, and observe, such restrictions.
Arrow Global Group PLC
Admission to Trading on the London Stock Exchangeand Exercise of Over-allotment Option
Further to the announcement on 8 October 2013 regarding pricing of its initial public offering (the "Offer"), Arrow Global Group PLC ("Arrow Global" or the "Company") is pleased to announce that Goldman Sachs International has exercised in its entirety the over-allotment option for 9,213,960 Ordinary Shares (the "Over-allotment Option"), taking the total number of Ordinary Shares subject to the Offer to 101,353,563. Accordingly, stabilisation will not be undertaken. Gross proceeds received by the RBS Special Opportunities Fund from the exercise of the Over-allotment Option will be approximately £18.9 million.
Arrow Global is also pleased to announce that its entire issued share capital of 174,439,026 Ordinary Shares will today be admitted to the Premium Listing segment of the Official List of the UK Listing Authority and to trading on the London Stock Exchange's Main Market for listed securities under the ticker "ARW".
ENQUIRIES
Arrow Global | +44 (0)800 130 0169 |
Tom Drury (Chief Executive Officer) |
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Rob Memmott (Chief Financial Officer) |
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College Hill (PR Advisors to Arrow Global) | +44 (0)20 7457 2020 |
Mike Davies |
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Helen Tarbet |
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Goldman Sachs International (Sponsor, Global Co-ordinator and Joint Bookrunner) | +44 (0)20 7774 1000 |
Peter Kimpel |
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Alasdair Warren |
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Julien Petit |
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Alex Watkins |
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Julien Dyon |
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Jefferies International (Joint Bookrunner) | +44 (0)20 7029 8000 |
Lee Morton |
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Neil Collingridge |
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IMPORTANT NOTICE
Goldman Sachs International, which is authorised in the UK by the Prudential Regulatory Authority ("PRA") and regulated by the PRA and Financial Conduct Authority ("FCA") and Jefferies International Limited, which is authorised and regulated in the UK by the FCA (together the "Banks"), are acting exclusively for the Company and no one else in connection with the Offer and will not regard any other person as its client in relation to the Offer and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients or for giving advice in relation to the Offer or the contents of this announcement or any transaction, arrangement or other matter referred to herein.
In connection with the Offer, the Banks or any of their respective affiliates, acting as investors for their own accounts may subscribe for or purchase Ordinary Shares and in that capacity may retain, purchase, sell, offer to sell or otherwise deal for their own accounts in such Ordinary Shares and other securities of the Company or related investments in connection with the Offer or otherwise. Accordingly, references in the prospectus published in connection with the Offer on 8 October 2013 to the Ordinary Shares being issued, offered, subscribed, acquired, placed or otherwise dealt in should be read as including any issue or offer to, or subscription, acquisition, placing or dealing by the Banks or any of their respective affiliates acting as investors for their own accounts. The Banks or any of their respective affiliates do not intend to disclose the extent of any such investment or transactions otherwise than in accordance with any legal or regulatory obligations to do so.
Neither of the Banks, nor any of their respective subsidiary undertakings, affiliates or any of their respective directors, officers, employees, advisers, agents or any other person accepts any responsibility or liability whatsoever for, or makes any representation or warranty, express or implied, as to the truth, accuracy, completeness or fairness of the information or opinions in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the Company its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith.
Related Shares:
ARW.L