28th Apr 2006 16:21
Yell Group plc28 April 2006 NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION IN OR INTO THE UNITED STATES This announcement does not represent an offer of securities in the United Statesand the securities referred to herein may not be offered in the United Statesabsent registration under the US Securities Act of 1933, as amended or anexemption from registration. Yell Group plc 28 April 2006 RESULT OF PLACING (THE "PLACING") Yell Group plc ("Yell" or the "Company") is pleased to announce the successfulcompletion of the Placing announced earlier today. A total of 68,627,451 new ordinary shares of 1 penny each (the "Placing Shares")have been placed by Deutsche Bank AG London ("Deutsche Bank"), Goldman SachsInternational ("Goldman Sachs") and Merrill Lynch International ("Merrill Lynch") with institutions at a price of 510 pence per Placing Share. Based on thePlacing price, the gross proceeds are £350 million. The Placing Shares beingissued represent 9.7 per cent of Yell's issued ordinary share capital prior tothe Placing. Application has been made for, and the Placing is conditional on, inter alia,admission of the Placing Shares to listing on the Official List maintained bythe UK Listing Authority and to admission to trading by the London StockExchange on its market for listed securities (together, "Admission"). It isexpected that Admission will become effective and that dealings will commence inthe Placing Shares on 4 May 2006. Deutsche Bank, Goldman Sachs and Merrill Lynch are acting as joint globalco-ordinators and bookrunners in relation to the Placing. Enquiries Yell Jill Sherratt: +44 (0) 118 950 6984 / +44 (0) 7764 879808 (mobile) • Jon Salmon: +44 (0) 118 950 6656 Citigate Dewe Rogerson • Anthony Carlisle: +44 (0) 20 7638 9571 / +44 (0) 7973 611 888 (mobile) • Anthony Kennaway: +44 (0) 20 7282 1076 • Michael Berkeley: +44 (0) 20 7638 9571 This announcement has been issued by and is the sole responsibility of Yell. This announcement may not be distributed, directly or indirectly, in or into theUnited States or any jurisdiction in which such publication or distribution isunlawful. This announcement does not constitute or form part of an offer tosell or issue, or any solicitation of an offer to buy or subscribe for, anysecurities referred to herein in any jurisdiction, including, withoutlimitation, the United States. The placing, and the distribution of thisannouncement and other information in connection with the placing in certainjurisdictions, may be restricted by law and persons into whose possession anydocument or other information referred to herein comes should inform themselvesabout and observe any such restriction. Any failure to comply with theserestrictions may constitute a violation of the securities laws of any suchjurisdiction. Goldman Sachs and Merrill Lynch, which are each authorised and regulated in theUnited Kingdom by the Financial Services Authority, are acting exclusively forthe Company and no one else in connection with the Placing and the other mattersreferred to in this announcement. They will not regard any other person as theirrespective clients and will not be responsible to anyone other than the Companyfor providing the protections afforded to their respective clients nor forgiving advice in relation to the Placing and the other matters referred toherein. Deutsche Bank, which is authorised by Bundesanstalt furFinanzdienstleistungsaufsicht (BaFin) and by the Financial Services Authority(FSA); regulated by the FSA for the conduct of UK business and a member of theLondon Stock Exchange, is acting exclusively for the Company and no one else inconnection with the Placing and the other matters referred to in thisannouncement. They will not regard any other person as their respective clientsand will not be responsible to anyone other than the Company for providing theprotections afforded to their respective clients nor for giving advice inrelation to the Placing and the other matters referred to herein. The securities referred to herein have not been and will not be registered underthe US Securities Act of 1933, as amended, and may not be offered or sold in theUnited States absent registration under such Act or unless pursuant to anexemption from the registration requirements thereof. There will be no publicoffering in the United States. This announcement includes statements that are, or may be deemed to be,"forward-looking statements". These forward-looking statements can beidentified by the use of forward-looking terminology, including inter alia theterms "believes", "plans", "expects", "may", "will", or "should" or, in eachcase, their negative or other variations or comparable terminology. These forward-looking statements include matters that are not historical factsand include statements regarding the Company's intentions, beliefs or currentexpectations concerning, among other things, the Company's results ofoperations, financial condition, liquidity, prospects, growth, strategies, theoutlook for relevant markets and the proposed Acquisition of TPI. By theirnature, forward-looking statements involve risk and uncertainty because theyrelate to future events and circumstances. A number of factors could causeactual results and developments to differ materially from those expressed orimplied by the forward-looking statements. Forward-looking statements may andoften do differ materially from actual results. Any forward-looking statementsin this announcement reflect the Company's view with respect to future events asat the date of this announcement and are subject to risks relating to futureevents and other risks, uncertainties and assumptions relating to the Company'soperations, results of operations, growth strategy and liquidity. Save as required by relevant law or regulation, the Company undertakes noobligation publicly to release the results of any revisions to anyforward-looking statements in this announcement that may occur due to any changein its expectations or to reflect events or circumstances after the date of thisannouncement. Information in this announcement or any of the documents relatingto the Placing should not be relied upon as a guide to future performance. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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