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Exercise of Over-allotment Option

16th Jul 2021 07:00

RNS Number : 4364F
Made.com Group Plc
16 July 2021
 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SWITZERLAND OR ANY OTHER JURISDICTION WHERE SUCH DISTRIBUTION WOULD BE UNLAWFUL.

 

This announcement is neither a prospectus nor an offer of securities for sale in any jurisdiction, including in or into the United States, Australia, Canada, Japan or Switzerland.

 

Neither this announcement, nor anything contained herein, shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction. Investors should not subscribe for or purchase any shares referred to in this announcement except solely on the basis of the information contained in a prospectus in its final form (together with any supplementary prospectus, if relevant, the "Prospectus"), including the risk factors set out therein, published by Made.com Group Plc (the "Company" and, together with its subsidiaries and subsidiary undertakings, "MADE") on 16 June 2021 in connection with the offer of ordinary shares in the Company (the "Shares") and the admission of such Shares to the premium listing segment of the Official List of the FCA and to trading on the main market for listed securities of the London Stock Exchange plc ("London Stock Exchange"). A copy of any Prospectus is available on the National Storage Mechanism and is available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and is available on MADE's website at https://corporate.made.com/, subject to certain access restrictions.

 

 

 16 July 2021

 

 

Made.com Group Plc

 

Exercise of Over-allotment Option

 

Further to its announcement on 16 June 2021 relating to its initial public offering (the "Offer"), Made.com Group Plc announces that J.P. Morgan Securities plc (which conducts its UK investment banking activity as J.P. Morgan Cazenove), as stabilising manager, has today given notice to exercise the over-allotment option (the "Over-allotment Option") granted by Level Equity Growth Partners I, L.P., Level Equity Opportunities Fund 2015 L.P., Level Equity-Made Investors, LLC., Partech Growth FPCI, Haka Investments Limited, Europe Ventures II LP and By Design (UK) Limited in respect of 2,878,701 ordinary shares in Made.com Group Plc at the offer price of 200 pence each.

 

The Company did not participate in the Over-allotment Option.

 

Giving effect to the exercise of the Over-allotment Option, the final total size of the Offer is £199.6 million (99,793,745 Shares), in total representing 25.7 per cent. of the Shares in issue.

 

Media Enquiries

 

MADE

Jonny Ng, Jeffrey Cheung

+44 203 668 2329

 

Brunswick Group (public relations adviser to MADE)

 

Sarah West, Kate Holgate, Craig Breheny[email protected]

+44 207 404 5959

 

Important Legal Information

 

The information contained in this announcement is for background purposes only and does not purport to be full or complete, nor does this announcement constitute or form part of any invitation or inducement to engage in investment activity. No reliance may be placed by any person for any purpose on the information contained in this announcement or its accuracy, fairness or completeness. The contents of this announcement are not to be construed as legal, financial or tax advice.

This announcement and the information contained herein is not for publication or distribution, directly or indirectly, in or into the United States (including its territories and possessions, any State of the United States and the District of Columbia), Australia, Canada, Japan, Switzerland or any other jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction. The distribution of this announcement may be restricted by law in certain jurisdictions 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.

This announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for, or otherwise invest in, securities to any person in any jurisdiction, including the United States, Australia, Canada, Japan, Switzerland or in any jurisdiction to whom or in which such offer or solicitation is unlawful. The securities referred to herein may not be offered sold or resold in the United States unless registered under the United States Securities Act of 1933, as amended (the "Securities Act") or in a transaction exempt from, or not subject to, the registration requirements of the Securities Act. The securities referred to herein have not been, and will not be, registered under the Securities Act or under the applicable securities laws of Australia, Canada, Japan or Switzerland. Subject to certain exceptions, the Shares referred to herein may not be offered, sold or resold in Australia, Canada, Japan or Switzerland or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada, Japan or Switzerland. There was no public offer of the securities referred to herein in the United States, Australia, Canada, Japan, Switzerland or elsewhere.

In the United Kingdom, this announcement is being distributed only to, and is directed only at, persons who: (A) (i) are "investment professionals" specified in Article 19(5) of the Financial Services and Markets Act (Financial Promotion) Order 2005 (the "Order") and/or (ii) fall within Article 49(2)(a) to (d) of the Order (and only where the conditions contained in those Articles have been, or will at the relevant time be, satisfied); and (B) are "qualified investors" within the meaning of Article 2 of the Prospectus Regulation (Regulation (EU) 2017/1129) as it forms part of retained EU law as defined in the EU (Withdrawal) Act 2018 (all such persons together being referred to as "Relevant Persons"). In the European Economic Area (the "EEA"), this announcement is addressed only to and directed only at, persons in member states who are "qualified investors" within the meaning of Article 2(e) of the Prospectus Regulation (Regulation ((EU) 2017/1129) ("Qualified Investors"). This announcement must not be acted on or relied on (i) in the United Kingdom, by persons who are not Relevant Persons, and (ii) in any member state of the EEA, by persons who are not Qualified Investors. Any investment or investment activity to which this announcement relates is available only to: (i) in the United Kingdom, Relevant Persons; and (ii) in any member state of the EEA, Qualified Investors, and will be engaged in only with such persons.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
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