10th Oct 2006 07:01
Mapeley Limited10 October 2006 Mapeley Limited10 October 2006 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN, OR INTO, THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN Mapeley Limited announces exercise of over-allotment option Mapeley Limited (the "Company") announces that, in connection with the placingof new ordinary shares (the "Placing"), Merrill Lynch International exercised on9 October 2006 the over-allotment option in respect of 261,538 ordinary sharesin the Company (the "Over-allotment Shares"). The Over-allotment Shares have been placed with institutional and certain otherinvestors at the price of £32.50 per Over-allotment Share, raising additionalgross proceeds for the Company of approximately £8.5 million. Following the exercise of the over-allotment option, the total size of thePlacing is £93.5 million (approximately 2.9 million ordinary shares, in totalrepresenting 9.8 per cent. of the 29.4 million ordinary shares of the Company inissue on Admission (as defined below)). It is expected that admission of the new ordinary shares (including theOver-allotment Shares) to the Official List of the Financial Services Authorityand to trading on the main market for listed securities of London Stock Exchangeplc ("Admission") will become effective, and that dealings in the new ordinaryshares (including the Over-allotment Shares) on the London Stock Exchange willcommence at 8:00 a.m. on 11 October 2006. For further information please contact: MJ2 Business CommunicationsTim McCall, Tel: +44 (0)20 7491 7776 / +44 (0)7753 561 862 Lehman BrothersNick Sanderson, Tel: +44 (0)20 7102 3887Ed Matthews, Tel: +44 (0)20 7103 7110 Merrill Lynch InternationalAndrew Fairclough, +44 (0)20 7995 0469Kirk Lindstrom, +44 (0)20 7995 1858 Deutsche Bank AGMelanie Saluja, +44 (0)20 7545 7221Situl Jobanputra, +44 (0)20 7547 6862 This announcement is for information purposes only and does not constitute orform part of an offer for sale or subscription of, or any solicitation of anoffer to purchase or subscribe for, securities in any jurisdiction, includingthe United States. Any purchase of or subscription or application for shares inthe Placing should only be made on the basis of information contained in theprospectus dated 6 October 2006 issued in connection with the Placing. Theprospectus contains certain detailed information about the Company and itsmanagement, as well as financial statements and other financial data. Thisannouncement does not constitute a recommendation concerning the Placing. Theprice and value of, and income from, shares may go down as well as up. Personsneeding advice should consult a professional adviser. Past performance is not aguide to future performance. The Placing is only being made available (i) in the UK and elsewhere outside theUS, to institutional investors and certain sophisticated investors in relianceon Regulation S, and (ii) in the US to qualified institutional buyers (inreliance upon Rule 144A or another exemption from, or transaction not subjectto, the registration requirements of the Securities Act). This announcement is not for release, publication or distribution, directly orindirectly, in whole or in part, in or into the United States (including itsterritories and possessions, any state of the United States and the District ofColumbia), Australia, Canada or Japan. This announcement is not an offer ofsecurities for sale into the United States or in any jurisdiction in which suchan offer or solicitation is unlawful. Ordinary Shares have not been and will notbe registered under the US Securities Act of 1933 as amended (the "SecuritiesAct"), or under any relevant securities laws of any state or other jurisdictionof the United States and may not be offered, directly or indirectly, in theUnited States, absent registration or an applicable exemption from theregistration requirements of the Securities Act and in compliance with statesecurities laws. There will be no public offer of Ordinary Shares in the UnitedStates and there will be no offering of Ordinary Shares in or into Australia,Canada or Japan or in any country, territory or possession where to do so maycontravene local securities laws or regulations. Lehman Brothers International (Europe), Merrill Lynch International and DeutscheBank AG are acting exclusively for the Company and no one else in connectionwith the proposed Placing and will not regard any other person (whether or not arecipient of this announcement) as their respective clients in relation to thePlacing and will not be responsible to anyone other than the Company forproviding the protections afforded to their respective clients or for providingadvice in relation to the proposed Placing and/or any other matter referred toin this announcement. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Mayflower (wi)