24th May 2007 07:02
Deutsche Bank AG London24 May 2007 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR PART IN OR INTO THEUNITED STATES, AUSTRALIA, CANADA OR JAPAN 24 May 2007 RESULTS OF PLACING OF SHARES BY KINGSTON UPON HULL CITY COUNCIL IN KINGSTONCOMMUNICATIONS (HULL) PLC Kingston upon Hull City Council ("Hull City Council") is pleased to announcethat, further to the announcement on Tuesday 22 May of a proposed placing (the"Placing"), 157,499,999 ordinary shares in Kingston Communications (HULL) PLC("Kingston Communications") have been successfully placed by Deutsche Bank AG,London Branch ("Deutsche Bank") as bookrunner and Investec and JPMorgan Cazenoveas Co-Lead Managers at a price of 68 pence per share. Following the Placing, Hull City Council has no residual shareholding in theCompany. Hull City Council intends to use the proceeds to fund, or contribute towards thefunding of, activities that will improve the economic, social and environmentalwell-being of the city and its residents and visitors. Enquiries: Deutsche Bank AG, London BranchJohn Lydon Tel: + 44 207 545 8000 InvestecErik Anderson Tel: + 44 207 597 5000 JPMorgan CazenoveAndrew Hodgkin Tel: + 44 207 588 2828 Kingston upon Hull City CouncilElaine Jackson Tel: + 44 1482 615 101 Deutsche Bank AG is authorised under German Banking Law (competent authority:BaFin - Federal Financial Supervising Authority) and with respect to UKcommodity derivatives business by the Financial Services Authority; regulated bythe Financial Services Authority for the conduct of UK business. Deutsche Bankis acting for Hull City Council and no one else in connection with the Placingand will not be responsible to anyone other than Hull City Council for providingthe protections afforded to clients of Deutsche Bank or for providing advice inrelation to the Placing. Investec, which is regulated by the Financial ServicesAuthority, is acting for Hull City Council and no one else in connection withthe Placing and will not be responsible to anyone other than Hull City Councilfor providing the protections afforded to clients of Investec or for providingadvice in relation to the Placing. JPMorgan Cazenove, which is regulated by theFinancial Services Authority, is acting for Hull City Council and no one else inconnection with the Placing and will not be responsible to anyone other thanHull City Council for providing the protections afforded to clients of JPMorganCazenove or for providing advice in relation to the Placing. This announcement does not form part of any offer of securities, or constitute asolicitation of any offer to purchase or subscribe for securities in anyjurisdiction. This announcement is not for release, publication or distributionin or into Australia, Canada, Japan or the United States. This announcement does not constitute an offer of securities for sale in theUnited States. Neither this announcement nor any copy of it may be taken ordistributed into the United States or distributed or published, directly orindirectly, in the United States. Any failure to comply with this restrictionmay constitute a violation of US securities law. The securities referred toherein have not been and will not be registered under the US Securities Act of1933, as amended (the "Securities Act"). The securities may not be offered orsold in the United States or to or for the benefit of US persons absentregistration or an exemption from registration. No public offering of securitiesof Kingston Communications is being made in the United States, the UnitedKingdom or elsewhere. As used herein, the term United States means the UnitedStates of America, its territories and possessions, any State of the UnitedStates and the District of Columbia. ENDS This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
KCOM