29th Jan 2008 07:02
3i Quoted Private Equity Limited29 January 2008 3i Quoted Private Equity Limited announcement The Board of Directors of 3i Quoted Private Equity Limited ("QPEL") notestoday's announcement by the board of Jelf Group plc ("Jelf") on Jelf's proposedplacing of 9,882,354 ordinary shares for an aggregate consideration ofapproximately £21 million to institutional investors and a subscription by QPELfor 12,235,294 ordinary shares for an aggregate consideration of approximately£26 million. The proceeds will be used by Jelf, inter alia, to finance theacquisition of three regional insurance brokers, which was announced today. Following the completion of the placing and subscription, QPEL expects to holdaround 24.6 per cent. of the enlarged share capital of Jelf. The subscriptionis conditional, inter alia, on the passing of certain resolutions set out inJelf's Notice of General Meeting. For more details on this transaction, please refer to the announcement issued byJelf today. For further information, please contact: Jennifer Letki, press enquiries Tel: 020 7975 3190 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
JLF.L