7th Nov 2006 08:01
Stanelco PLC07 November 2006 Stanelco plc ISSUE OF EQUITY ("Stanelco" or the "Company") On 9 October 2006, Stanelco announced details of a proposed Firm Placing of1,375,000,000 New Ordinary Shares and Open Offer of 600,992,559 New OrdinaryShares at 0.8 pence per New Ordinary Share, of which 148,278,000 New OrdinaryShares were being placed subject to clawback to satisfy valid acceptances underthe Open Offer. Following the passing of the Resolutions at the EGM held yesterday,1,375,000,000 New Ordinary Shares have been issued pursuant to the Firm Placingand 600,992,559 New Ordinary Shares have been issued pursuant to the Placing andOpen Offer, all at 0.8 pence per New Ordinary Share, raising approximately £15.8million before expenses for the Company. The New Ordinary Shares were admitted to the Official List of the London StockExchange today and trading in these shares commenced at 8.00 a.m. Following the Firm Placing, Placing and Open Offer, the total issued ordinaryshare capital of Stanelco is comprised of 2,977,646,824 ordinary shares of 0.1peach. For further information please contact: Stanelco plcMartin Wagner, Chief ExecutiveSylvia Leavey, Investor RelationsTel: 44 (0) 2380 867 100 Press: Financial DynamicsJonathon Brill/Billy CleggTel: 44 (0) 20 7831 3113 This announcement is for information only and does not constitute an offer orinvitation to acquire or dispose of any securities or investment advice in anyjurisdiction. Past performance is no guide to future performance and persons needing adviceshould consult an independent financial advisor. The information contained in this announcement is not for release, publicationor distribution, directly or indirectly, to persons in the United States,Canada, Australia, Japan or the Republic of South Africa. This announcement isnot an offer of securities for sale into the United States. The New OrdinaryShares have not and will not be registered under the US Securities Act of 1933,as amended and may not be offered or sold directly or indirectly, in the UnitedStates absent registration or an exemption from registration. There will be nopublic offering of securities in the United States. The New Ordinary Shares havenot and will not be registered with any regulatory authority of any state withinthe United States. Teather & Greenwood Limited, which is authorised and regulated in the UnitedKingdom by the Financial Services Authority, is acting exclusively for theCompany as sponsor, financial adviser and stockbroker in relation to the Issueand no-one else in connection with the arrangements described in thisannouncement and will not be responsible to anyone other than the Company forproviding the protections afforded to customers of Teather & Greenwood or foradvising any other person in connection with the arrangements described in thisannouncement. This announcement has been issued by Stanelco and is the sole responsibility ofStanelco. Defined terms used in this announcement are as used in the prospectus ofStanelco dated 12 October 2006, which may be inspected at the UKLA's documentviewing facility situated at the Financial Services Authority, 25 The NorthColonnade, Canary Wharf, London E14 5HS. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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