3rd Aug 2007 11:35
Bond International Software PLC03 August 2007 Bond International Software plc ("Bond" or "the Company") Proposed Placing of 2,287,735 new ordinary shares in the Company at 220 pence per share to raise £5m before expenses Bond is pleased to announce that it is today intending to place 2,287,735 newordinary shares of 1 pence each in the capital of the Company (the "PlacingShares") at a price of 220 pence per Placing Share ("the Placing"). The Placingis being conducted by Oriel Securities Limited (Oriel") and is expected to raiseapproximately £5m (before expenses). The Placing Shares are equivalent toapproximately 7.5 per cent. of Bond's existing issued share capital. It is intended that the Placing Shares will be placed by Oriel withinstitutional investors at a price of 220 pence per Placing Share, representinga premium of 2.56 per cent. to Bond's closing middle market price of 214.5 penceon 2 August 2007. Bond continues to look to grow its business both organically and by acquisition.The funds raised from the Placing are intended to be used to help the Companyand its subsidiaries achieve their growth and provide them with greaterfinancial flexibility, as well as to meet institutional demand for Bond'sshares. As and when suitable growth opportunities arise, including thepossibility of further acquisitions, the Company's Board believe that Bond willnow be much better placed to negotiate and close such a transaction on the bestpossible terms to the benefit of the Company's shareholders. The Placing Shares will be issued fully paid and will rank equally in allrespects with the existing ordinary shares of Bond, including the right toreceive all future dividends and other distributions. Application will be madefor the Placing Shares to be admitted to trading on the AIM market of the LondonStock Exchange plc ("Admission"). The Placing is conditional on Admissionbecoming effective, which is expected to take place on 9 August 2007. ThePlacing is not being underwritten. For further information: Bond International Software plc 01903 707070Bruce Morrison Oriel Securities Limited 020 7710 7600Andrew Edwards Oriel, which is authorised and regulated by the UK Financial Services Authority,is acting for Bond and no one else in connection with the subject matter of thisannouncement and will not be responsible to anyone other than Bond for providingthe protections afforded to clients of Bond or for providing advice in relationto the subject matter of this announcement. This announcement does not constitute an offer to sell or the solicitation of orinvitation to purchase or subscribe for ordinary shares in the share capital ofBond ("Shares"). The Placing Shares will not be offered or sold to any personother than to persons who are "Qualified Investors" as defined in section 86(7)of the Financial Services and Markets Act 2000 and persons who fall within theexemptions contained in Articles 19 and 49 of the Financial Services and MarketsAct 2000 (Financial Promotion) Order 2005 (such as investment professionals andhigh net worth companies). For the avoidance of doubt, members of the publicare not eligible to participate in the Placing. This announcement is for information purposes only and does not constituteinvestment advice. It has been issued by and is the sole responsibility of Bond. No representation or warranty, express or implied, is made by Oriel inrelation to any of the contents of this announcement. Neither Oriel nor any ofits affiliates or agents shall have any liability for any information containedin this announcement. The information contained in this announcement is not for release, publicationor distribution to persons in the United States, Australia, France, Canada,Japan, New Zealand or the Republic of South Africa. This announcement is not anoffer of securities for sale into the United States. The Shares have not beenand will not be registered under the US Securities Act of 1933, as amended, andmay not be offered or sold, directly or indirectly, in the United States absentregistration or an exemption from registration. The Shares have not been andwill not be registered with any regulatory authority of any state within theUnited States. There will be no public offer of securities in the United States. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
BDI.L