21st Nov 2007 11:12
Hansard Global plc21 November 2007 Company Announcement Hansard Global Plc ("Hansard" or the "Company") Hansard has today received notification that the Polonsky Foundation hasdisposed of a total of 1,100,000 ordinary shares in the Company. The shares wereplaced with institutional investors by the Company's broker, Panmure Gordon, ata price of 225p per share. Hansard has also received today notice from the Polonsky Foundation that itintends shortly to dispose of a total of 5,195,000 ordinary shares by way ofdonations to various charitable organisations. Following the planned disposals, the Polonsky Foundation will be interestedin 7,286,888 shares or 5.31% of the Company's issued share capital. Dr Leonard Polonsky, the Company's Executive Chairman, has notified the Companyof the disposal of 1,575,000 shares by way of gifts to certain individuals. Following the disposal, Dr. Polonsky is interested in 57,701,073 sharesor 42.03% of the Company's issued share capital. The Company's Sponsor, Lazard & Co., Limited, and its broker, Panmure Gordon(UK) Limited, have both given their consent to release the Polonsky Foundationand Dr Polonsky from the lock-in arrangements entered into at the time of theIPO in respect of the disposals and planned disposals describedabove. Pursuant to this consent, the Polonsky Foundation and Dr. Polonsky haveundertaken to use reasonable endeavours to ensure that the transferees of theseshares (excluding institutional investors) adopt the principles of dealingthrough Panmure Gordon for the remaining time period covered by the orderlymarket agreements entered into at the time of the IPO. For the individualtransferees, Dr. Polonsky has further undertaken to use reasonable endeavours toensure that the transferees of those shares adopt the principles relating tolock-ins and orderly marketing arrangements as if they were the originalsignatories of the relevant agreements. Pending completion of the above set of disposals and following consultation withFTSE, the Directors of Hansard expect the Company to be considered as a UKcompany by FTSE's Nationality Committee and therefore to be eligible forinclusion to the FTSE UK Index Series, subject to normal eligibility rules, atthe next FTSE Index Review in December. A further announcement will be made in due course to confirm the completion ofthe further intended disposals by the Polonsky Foundation. Contacts: Hansard Global plc Leonard Polonsky Tel: 01624 688 000 Gordon Marr Panmure Gordon (UK) Limited Aubrey Powell Tel: 020 7459 3600 Giles Stewart Bell Pottinger Ben Woodford Tel: 020 7861 3232 Daniel de Belder This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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