28th Jun 2005 07:01
Aberdeen Asset Management PLC28 June 2005 Aberdeen Asset Management PLC - Announcement of exercise of over-allotment option 28 JUNE 2005 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO ORFROM THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, NEW ZEALAND, SOUTH AFRICA ORTHE REPUBLIC OF IRELAND Announcement of exercise of over-allotment option Aberdeen Asset Management PLC (the 'Company') announces that, in connection withits issue of Convertible Preference Share Units (the 'Units') by way of aPlacing and Open Offer, J.P. Morgan Securities Limited, as stabilising manager,has today fully exercised the over-allotment option in respect of £5 million ofUnits. Including the exercise of the over-allotment option, the total size of thePlacing and Open Offer is £80 million. Application has been made for the Preference Shares and the Warrants to be admitted to the Official List of the UK Listing Authority and for the Convertible Preference Share Units, the Preference Shares and the Warrants to be admitted to trading on the London Stock Exchange's market for listed securities. Admission to trading of the Convertible Preference Share Units is expected to become effective at 8.00 a.m. on 30 June 2005. The contents of this announcement, which have been prepared by and are the soleresponsibility of the Company, have been approved by J.P. Morgan SecuritiesLimited of 10 Aldermanbury, London EC2V 7RF solely for the purposes of section21(2)(b) of The Financial Services and Markets Act 2000. This is not an offer of securities for sale in the United States. The offer andsale of the Convertible Preference Share Units, the Preference Shares and theWarrants or the Ordinary Shares to be delivered upon conversion of theConvertible Preference Share Units have not been and will not be registeredunder the U.S. Securities Act of 1933 (the 'Securities Act') and, subject tocertain exceptions, may not be offered or sold within the United States. Anyoffering of securities to be made in the United States will be made by means ofa Prospectus that will contain detailed information about the Company andmanagement, as well as financial statements. No public offering of securitieswill be made in the United States and any offering will be made pursuant to anapplicable exemption from the registration requirements of the Securities Act. JPMorgan Cazenove Limited ('JPMorgan Cazenove') and J.P. Morgan Securities Ltd.('JPMorgan'), which are authorised and regulated in the United Kingdom by theFinancial Services Authority, are acting exclusively for the Company andAberdeen Warrants (Jersey) Limited in connection with the Placing and Open Offer and not for any other person and will not be responsible to any other person forproviding the protections afforded to customers of JP Morgan Cazenove andJPMorgan or for providing advice in relation to the Placing and Open Offer, thecontents of the Prospectus dated 3 June 2005 or this press release. Stabilisation/FSA This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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