17th Jul 2006 07:00
17 July 2006 Not for release, publication or distribution, directly or indirectly, in or into the United States, Australia or Japan. Standard Life plc Announcement of Exercise of Over-Allotment ArrangementsStandard Life plc (the "Company") announces that in connection with the initialpublic offering of the Company (the "Offers"), Merrill Lynch International, asstabilising manager, has today given notice to the Company that it wishes toexercise in full the over-allotment arrangements described in the Company'sprospectus dated 15 June 2006 (the "Over-allotment Arrangements"). As a resultof the exercise of the Over-allotment Arrangements, the Company will issue83,541,742 further ordinary shares of 10 pence each in the capital of theCompany (the "Over-allotment Shares"). The Company will receive approximately£192 million of proceeds from the issue of the Over-allotment Shares. Includingthe exercise of the Over-allotment Arrangements, the total size of the Offerswas approximately £2.4 billion (approximately 1,077 million Ordinary Shares). 14 July 2006 Enquiries: Standard Life plc Gordon Aitken 0131 245 6799 Merrill Lynch International Mark Gwynne 020 7995 3700 Merrill Lynch International which is authorised and regulated in the UnitedKingdom by the FSA, is acting exclusively for the Company and no-one else inconnection with the Offer. It will not regard any other person as its client inrelation to the Offer and will not be responsible for anyone other than theCompany for providing the protections afforded to its client, nor for providingadvice in relation to the Offer, the contents of this announcement or anytransaction, arrangements or other matter referred to herein. This announcement does not constitute an offer of, or the solicitation of anoffer to buy or subscribe for, Ordinary Shares to any person in any jurisdictionto whom or in which jurisdiction such offer or solicitation is unlawful and, inparticular, is not for release, publication or distribution in Australia orJapan. The offer sale and/or issue of the Ordinary Shares has not been and will not beregistered under US Securities Act of 1933, as amended (the "Securities Act") orqualified for sale under the laws of any State of the United States or qualifiedfor distribution by prospectus in Canada or under any applicable securities lawsof Australia or Japan. Subject to certain exceptions, the Ordinary Shares maynot be offered, sold or delivered within Australia or Japan or the United Statesor to or for the benefit of, any national, resident or citizen of Australia orJapan. The Ordinary shares are being offered and sold within the United Statesonly to "qualified institutional buyers" ("QIBs") (as defined in Rule 144A underthe US Securities Act ("Rule 144A")) and in reliance on Rule 144A or anotherexception from, or in a transaction not subject to the registration requirementsof the US Securities Act and outside the United States in reliance on RegulationS under the US Securities Act ("Regulation S"). The Ordinary Shares are beingdistributed in Canada under exemptions from the prospectus filing requirementsof securities legislation in Canada. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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