17th Jun 2009 09:40
17 June 2009
REDUCTION OF CAPITAL
Friends Provident Group plc ("Friends Provident Group") announces that a copy of the order of the Court confirming a reduction of capital of Friends Provident Group (the "Friends Provident Group Reduction") has been registered today by the UK Registrar of Companies.
The Friends Provident Group Reduction reduced the nominal value of each ordinary share in the capital of Friends Provident Group from 48p to 20p, thereby creating approximately £655,200,000 of distributable reserves. The total issued ordinary capital of Friends Provident Group as at 17 June 2009 is 2,340,000,000 ordinary shares of 20 pence each.
Enquiries:
Friends Provident Group plcGordon Ellis (Company Secretary)+44 (0)845 268 3441Peter Timberlake+44 (0)845 641 7834Chris Ford+44 (0)845 641 7832Goldman Sachs InternationalSimon DingemansPaul Miller+44 (0)20 7774 1000J.P. Morgan CazenoveTim WiseConor Hillery+44 (0)20 7155 2828FinsburyVanessa Neill+44 (0)20 7251 3801Notes and Definitions
Unless otherwise defined, capitalised terms used in this announcement have the same meaning as in the circular sent by Friends Provident plc to Shareholders on 5 May 2009 in connection with the Friends Provident Group Reduction.
J.P. Morgan Cazenove Limited is acting exclusively for Friends Provident Group in relation to Admission and for no-one else and will not be responsible to anyone other than Friends Provident Group for providing the protections afforded to the respective clients of J.P. Morgan Cazenove Limited nor for providing any advice in relation to the Reorganisation or Admission or the contents of this document or any transaction, arrangement or matter referred to herein.
Goldman Sachs International is acting exclusively for Friends Provident Group in relation to Admission and for no-one else and will not be responsible to anyone other than Friends Provident Group for providing the protections afforded to the respective clients of Goldman Sachs International nor for providing any advice in relation to the Reorganisation or Admission or the contents of this document or any transaction, arrangement or matter referred to herein.
This document does not constitute or form part of any offer or invitation to sell or issue, or the solicitation to purchase or subscribe for New Ordinary Shares in any jurisdiction.
The New Ordinary Shares may not be offered or sold in the United States absent registration under the US Securities Act of 1933 (the "US Securities Act") or an exemption there from. The New Ordinary Shares issued to existing Friends Provident shareholders pursuant to the Reorganisation will be issued in reliance upon an exemption from the registration requirements of the US Securities Act afforded by Section 3(a)(10) thereof and, as a consequence, will not be registered thereunder or under the securities laws of any state or other jurisdiction of the United States. No public offering of securities is being made in the United States.
The New Ordinary Shares issued to, or for the benefit of, any resident of Canada pursuant to the Scheme will not be qualified for sale under the securities laws of any province or territory of Canada and will be subject to resale restrictions. Shareholders who are residents of Canada should consult their own legal and tax advisers with respect of the legal and tax consequences of the Scheme in their particular circumstances.
The distribution of this document and the offer of New Ordinary Shares in certain jurisdictions may be restricted by law. No action has been or will be taken to permit the possession or distribution of this document (or any other offering or publicity materials or application form(s) relating to the New Ordinary Shares) in any jurisdiction, other than the UK, where action for that purpose may be required. Accordingly, neither this document, nor any advertisement or any other offering material may be distributed or published in any jurisdiction except under circumstances that will result in compliance with any applicable laws and regulations. Persons into whose possession this document 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.
mapperRelated Shares:
Fondul Proprietatea