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Admission to trading on the London Stock Exchange

27th Oct 2010 07:00

RNS Number : 0235V
Betfair Group PLC
27 October 2010
 



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN

 

FOR IMMEDIATE RELEASE 27 October 2010

 

Betfair Group plc

Admission to trading on the London Stock Exchange

Further to its announcement on 22 October 2010, Betfair Group plc ("Betfair") announces that its ordinary share capital of 106,935,448 shares has today been admitted to 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 "BET". Further information about Betfair is available on its website at http://corporate.betfair.com.

ENQUIRIES

For further information contact:

Betfair

Media:

Tessa Murray

Director of Corporate Communications

Tel: +44 20 8834 6794

Investors / Analysts:

Mark Brooker

Director of Corporate Development

Tel: +44 20 8834 6286

 

Goldman Sachs International

Matthew Westerman

Anthony Gutman

Nick Harper

Tel: +44 20 7774 1000

 

Morgan Stanley & Co. International plc

Henry Stewart

Peter Moorhouse

Anthony Kokinakis

Tel: +44 20 7425 8000

 

Powerscourt

Rory Godson

Paul Durman

Roddy Cameron

Tel: +44 20 7250 1446

 

Disclaimer

Neither this announcement nor the information contained herein, may be made or transmitted into the United States of America (including its territories or possessions, any state of the United States of America and the District of Columbia) (''the United States''). Neither this announcement, nor the information contained herein may be taken, transmitted or distributed, directly or indirectly, into Australia, Canada or Japan or to any persons in any of those jurisdictions or any other excluded territories. Any failure to comply with this restriction may constitute a violation of United States, Australian, Canadian or Japanese securities law. 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, any such restrictions. The securities referred to herein have not been and will not be registered under the applicable securities laws of the United States, Canada, Australia or Japan and, subject to certain exceptions, may not be offered or sold within the United States, Canada, Australia or Japan or to any national, resident or citizen of the United States, Canada, Australia or Japan.

This announcement does not constitute or form part of any offer or invitation to sell, or any solicitation of any offer to purchase or subscribe for any Shares or any other securities nor shall it (or any part of it) or the fact of its distribution, form the basis of, or be relied on in connection with, any contract therefore. The Offer and the distribution of this announcement and other information in connection with the listing and Offer in certain jurisdictions may be restricted by law and persons into whose possession any document or other information referred to herein comes should inform themselves about, and observe, any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

In particular, this announcement does not constitute an offer for sale of, or a solicitation to purchase or subscribe for, any securities in the United States. No securities of the Group have been, or will be, registered under the US Securities Act of 1933, as amended, and securities of Betfair may not be offered or sold in the United States absent registration or an applicable exemption from, or transaction not subject to, the registration requirements of the US Securities Act of 1933, as amended.

The contents of this announcement, which has been issued by and is the sole responsibility of Betfair, have been approved solely for the purposes of section 21 of the Financial Services and Markets Act 2000 (as amended) by Goldman Sachs International and Morgan Stanley.

This announcement does not constitute a recommendation concerning the Offer. The price and value of securities can go down as well as up. Past performance is not a guide to future performance. Information in this announcement or any of the documents relating to the Offer cannot be relied upon as a guide to future performance. Potential investors should consult a professional advisor as to the suitability of the Offer for the entity concerned.

Goldman Sachs International, Morgan Stanley, Morgan Stanley Securities, Barclays Capital and Numis, each of which is authorised and regulated in the UK by the Financial Services Authority, are acting exclusively for Betfair 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 Betfair for providing the protections afforded to their respective clients nor for giving advice in relation to the Offer the contents of this announcement or any transaction, arrangement or other matter referred to herein.

In connection with the Offer, Goldman Sachs International, Morgan Stanley, Morgan Stanley Securities, Barclays Capital, or Numis or any of their respective affiliates, acting as investors for their own accounts, may subscribe for or purchase Shares and in that capacity may retain, purchase, sell, offer to sell or otherwise deal for their own accounts in such Shares and other securities of Betfair or related investments in connection with the Offer or otherwise. Accordingly, references in the Prospectus, once published, to the 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, Goldman Sachs International, Morgan Stanley, Morgan Stanley Securities, Barclays Capital and Numis or any of their respective affiliates acting as investors for their own accounts. Goldman Sachs International, Morgan Stanley, Morgan Stanley Securities, Barclays Capital and Numis 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. None of Goldman Sachs International, Morgan Stanley, Morgan Stanley Securities, Barclays Capital, or Numis or 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.

In connection with the Offer, Morgan Stanley Securities, as stabilising manager, or any of its agents, may (but will be under no obligation to), to the extent permitted by applicable law, over-allot Shares or effect other transactions with a view to supporting the market price of the Shares at a higher level than that which might otherwise prevail in the open market. Morgan Stanley Securities is not required to enter into such transactions and such transactions may be effected on any stock, market, over-the-counter market, stock exchange or otherwise and may be undertaken at any time during the period commencing on the date of the commencement of conditional dealings of the Shares on the London Stock Exchange and ending no later than 30 calendar days thereafter. However, there will be no obligation on Morgan Stanley Securities or any of its agents to effect stabilising transactions and there is no assurance that stabilising transactions will be undertaken. Such stabilising measures, if commenced, may be discontinued at any time without prior notice. In no event will measures be taken to stabilise the market price of the Shares above the offer price. Save as required by law or regulation, neither Morgan Stanley Securities nor any of its agents intends to disclose the extent of any over-allotments made and/or stabilisation transactions conducted in relation to the Offer.

Unless otherwise defined, terms used in this announcement have the meaning given to them in the announcement of the Company's intention to list published on 21 September 2010

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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