27th Apr 2007 07:28
Local Shopping REIT (The) PLC27 April 2007 This document is not a prospectus. Investors should not subscribe for anytransferable securities referred to in this announcement except on the basis ofinformation in the prospectus to be issued in due course. THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN 27 April 2007 The Local Shopping REIT plc (the "Company") In connection with the placing and offer of up to 91,954,023 million OrdinaryShares by the Company, the bookbuilding process in connection with the placingclosed at 3.00 p.m. on 26 April 2007 and the offer for subscription closed at3.00 p.m. on 24 April 2007. Pursuant to the placing the Company will issue 91,129,332 Ordinary Shares in thecapital of the Company and a further 824,691 Ordinary Shares pursuant to theoffer for subscription, comprising 91,954,023 Ordinary Shares in aggregate at aprice of 174p per Ordinary Share. Additionally, the Company has 800,000Ordinary Shares currently in issue which on Admission will be subject to a 5 for1 share split (resulting in 4,000,000 shares being in issue). Application has been made for 95,954,023 shares to be admitted to the OfficialList of the UK Listing Authority and to trading on the London Stock Exchange. The expected timetable of the launch of the Company is as follows: Commencement of conditional dealings in Ordinary Shares* 8.00 a.m. on 27 April 2007 Admission of the Ordinary Shares to the Official List 2 May 2007 Unconditional Dealings in Ordinary Shares commence 8.00 a.m. on 2 May 2007 Crediting of CREST stock accounts in respect of the Ordinary Shares 8.00 a.m. on 2 May 2007 Share certificates in respect of the Ordinary Shares despatched week commencing 7 May *All dealings in the Ordinary Shares prior to commencement of unconditionaldealings will be on a "conditional basis", will be of no effect if Admissiondoes not take place and will be at the sole risk of the parties concerned. The Company's shares will trade under the name "LSR". For further information please contact: The Local Shopping REIT plc +44 20 7187 4444Mike RileyNick Gregory JPMorgan Cazenove +44 20 7588 2828Robert FowldsEdward Gibson-Watt Financial Dynamics +44 20 7831 3113Stephanie HighettDido Laurimore Important information The price and value of securities may go down as well as up. Past performanceis not necessarily a guide to future performance and failure of any assumptionsand projections with respect to the Company to be accurate or correct mayadversely impact the value of the Company's securities. Persons needing adviceshould contact a professional adviser. All statements in this announcement thatare not historical fact are forward looking statements, including, withoutlimitation, statements regarding the IPO, the expected proceeds from the IPO,the intention to list on the London Stock Exchange, the target gross dividendyield of the Company, the quality, composition, size, diversification andperformance of the portfolio, the Company's ability to generate above averagereturns and its growth prospects and statements containing the words "believes","estimates", "anticipates", "expects", "intends", "assumes", "may", "will", or "should" or in each case, their negative or other variations or similarexpressions. Forward looking statements involve known and unknown risk,uncertainties and other factors which may cause actual results to differmaterially from any future results, performance or achievements expressed orimplied by such forward looking statements. Subject to any regulatoryobligation, the Company expressly disclaims any obligation to update or revisedforward-looking statements to reflect any change in expectations, newinformation, subsequent events or otherwise. This communication is made by JPMorgan Cazenove Limited. JPMorgan CazenoveLimited, which is authorised and regulated by the Financial Services Authority,is acting for the Company only and will not be responsible to any other personfor providing the protections afforded to its clients or for advising suchperson on the matters referred to in this announcement. This document is an advertisement and does not constitute or form part of, andshould not be construed as, an offer to sell or issue, or a solicitation of anyoffer to buy or subscribe for Shares, nor should it or any part of it form thebasis of, or be relied on in connection with, any contract or commitmentwhatsoever. This document is not a prospectus. Investors should not subscribefor or purchase any shares referred to in this announcement except on the basisof information in the prospectus to be issued in due course by the Company inconnection with the admission of its Shares to listing and trading on the LondonStock Exchange. In the event of any discrepancy between this document and theprospectus, the prospectus will prevail. It is not the purpose of thisannouncement to provide, and you may not rely on this announcement as providing,a complete and comprehensive analysis of the Company's financial or commercialposition or prospects. This document does not constitute, and may not be used for the purposes of, anoffer or an invitation to subscribe for Shares by any person in any jurisdictionin which (i) such offer or invitation is not authorised; or (ii) in which theperson making such offer or invitation is not qualified to do so; or (iii) toany person to whom it is unlawful to make such offer or invitation. The Prospectus is available at the offices of JPMorgan Cazenove at 20 Moorgate,London, EC2R 6DA. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
LSR.L