18th Nov 2009 17:55
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, TO US PERSONS OR INTO THE UNITED STATES, OR INTO OR FROM CANADA, JAPAN OR AUSTRALIA
Immediate Release 18 November 2009
LXB Retail Properties Plc ("LXB Retail", or the "Company")
Announcement of Exercise of Over-Allotment Option
LXB Retail announces that, in connection with its placing of ordinary shares and admission to AIM and CISX (the "Placing"), J.P. Morgan Cazenove Limited, as stabilising manager and on behalf of the underwriter of the Placing, has today given notice to exercise in full the over-allotment option in respect of 4,215,000 ordinary shares at the offer price of 100 pence per ordinary share, raising additional gross proceeds for the Company of £4.215 million.
Including the exercise of the over-allotment option, the Company will have in issue 114,215,000 ordinary shares.
Enquiries:
LXB Manager LLP Tel: 020 7432 7900
Tim Walton, CEO
Brendan O'Grady, FD
J.P. Morgan Cazenove Limited Tel: 020 7588 2828
Robert Fowlds / Bronson Albery / Shona Graham
Buchanan Communications Tel: 020 7466 5000
Charles Ryland / Nicola Cronk / Miranda Higham
This announcement may not be distributed, directly or indirectly, in or into the United States, Canada, Japan or Australia. This announcement does not constitute or form part of an offer to sell or issue, or any solicitation of an offer to buy or subscribe for, any securities referred to herein in the United States or in any other jurisdiction. The Placing and the distribution of this announcement and other information in connection with the Placing in certain jurisdictions may be restricted by law and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
The Shares have not been, and will not be, registered under the Securities Act of 1933 (the "Securities Act"). The Shares cannot be offered, re-sold, pledged or otherwise transferred, directly or indirectly, within the United States or to, or for the account or benefit of, any US Person (as defined in Regulation S), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The Shares are being offered and sold outside the United States in reliance on Regulation S, and within the United States pursuant to an exemption from the registration requirements of the Securities Act.
J.P. Morgan Cazenove Limited is acting exclusively for LXB Retail Properties Plc and no one else in relation to the Placing and will not be responsible to any other person for providing the protections afforded to their respective clients or for providing advice in relation to the Placing.
Related Shares:
LXB.L