31st May 2007 17:15
Ocean Wilsons Holdings Ld31 May 2007 NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES,AUSTRALIA, CANADA OR JAPAN OCEAN WILSONS HOLDINGS LIMITED31 May 2007EXERCISE OF OVER-ALLOTMENT OPTION Ocean Wilsons Holdings Limited ("OWHL") today announces that the stabilisationperiod that followed the commencement of trading in the shares and BrazilianDepositary Receipts ("BDRs") of its Brazilian subsidiary, Wilson Sons Limited("Wilson Sons'"), on the Sao Paulo Stock Exchange and the Luxembourg StockExchange, has concluded and OWHL has received notice of the exercise of theover-allotment option referred to in the announcement on 27 April 2007, inrespect of 3,300,000 Wilson Sons shares which represent all of the sharesoriginally designated for the over-allotment option. The over-allotment optionwas exercised at US$11.74 per Wilson Sons share, the same price as the offerprice announced on 27 April 2007. OWHL will receive additional proceeds of approximately US$ 37 million from theexercise of the over-allotment option. Following the exercise of theover-allotment option the total proceeds (net of expenses) received by OWHL inrespect of the flotation of Wilson Sons will be approximately US$ 206 millionand OWHL will retain 41,444,000 shares in Wilson Sons representing 58.25% of theenlarged share capital of Wilson Sons. Enquiries to: Keith Middleton, Ocean Wilsons Holdings Limited, +55 (21) 2126 4112 This announcement is not an offer for sale, or a solicitation of offers topurchase, the shares ("Shares"), or BDRs, in Wilson Sons offered in the offeringin any jurisdiction. No action will be taken to permit the Shares and BDRs to besold in a public offer in any jurisdiction outside Brazil. In particular, noprospectus will be prepared with any regulations made in implementation of theProspectus Directive (2003/71/EC) and no offer to the public will be made in anyMember State of the European Economic Area, absent an exemption from therequirement to prepare a prospectus. The Shares and BDRs have not been and willnot be registered under the US Securities Act of 1933, as amended and may not beoffered or sold (a) in the United States absent registration or an applicableexemption from registration requirements under the Securities Act, or (b) in anyother jurisdiction in which such offer or sale is prohibited. This announcementand the information contained herein are not for publication, distribution orrelease in, or into, the United States, Canada, Australia or Japan. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Ocean Wilsons