26th Oct 2009 09:56
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE PRESS RELEASE.
26 October 2009
Press Release
SUCCESSFUL PLACING OF RUMP
Ladbrokes plc (the "Company") announced previously that it has received valid acceptances in respect of 286,403,105 New Ordinary Shares, representing approximately 95 per cent. of the total number of New Ordinary Shares offered to Shareholders, pursuant to the 1 for 2 Rights Issue announced by the Company on 8 October 2009
Ladbrokes plc announces that, UBS Limited and Deutsche Bank AG, London Branch, acting as joint bookrunners, have procured subscribers for the New Ordinary Shares for which valid acceptances were not received, at a price of 136 pence per New Ordinary Share.
The net proceeds from the sale of these New Ordinary Shares, after deduction of the Issue Price of 95 pence per New Ordinary Share and relevant costs (including any related brokerage and commissions and amounts in respect of VAT which are not recoverable) will be paid to Qualifying Shareholders that have not taken up their entitlements, pro rata to their provisional allotments, save that individual amounts of less than £5.00 will not be so paid but retained for the Company's own benefit.
Defined terms used in this announcement shall have the same meanings as in the Prospectus relating to the Rights Issue dated 8 October 2009, unless the context requires otherwise.
For further information, please contact
Ladbrokes plc Tel: +44 (0)20 7355 0340
Brian Wallace
Kate Postans
Ciaran O'Brian
UBS Limited Tel: +44 (0)20 7567 8000
Tim Waddell
Bill Hutchings
Deutsche Bank AG, London Branch Tel: +44 (0)20 7545 8000
Toby Clark
Edward Sankey
This announcement has been issued by and is the sole responsibility of Ladbrokes plc.
This announcement is not a prospectus but an advertisement and investors should not acquire any Nil Paid Rights, Fully Paid Rights or New Ordinary Shares referred to in this announcement except on the basis of the information contained in the Prospectus published by the Company on 8 October 2009 in connection with the Rights Issue. Copies of the Prospectus are available on the Company's website at http://investors.Ladbrokesplc.com/prospectus and can be obtained on request from the offices of the Company's registrar, Computershare Investor Services PLC, at Corporate Actions Projects, Bristol BS99 6AH during normal business hours.
UBS Limited, Deutsche Bank AG, London Branch, Greenhill&Co. International LLP, Barclays Bank PLC, Lloyds TSB Bank Plc and RBS Hoare Govett Limited are each acting exclusively for the Company and for no-one else in connection with the Rights Issue and will not regard any other person (whether or not a recipient of this announcement) as a client in relation to the Rights Issue and will not be responsible to any person other than the Company for providing the protections afforded to their respective clients or for advising any such person on the Rights Issue or any other matter referred to herein.
Deutsche Bank AG London Branch is authorised under German Banking Law (competent authority: BaFin - Federal Financial Supervisory Authority) and authorised and subject to limited regulation by the Financial Services Authority. Details about the extent of Deutsche Bank AG, London Branch's authorisation and regulation by the Financial Services Authority are available on request.
This announcement is for information purposes only and does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to acquire, Nil Paid Rights, Fully Paid Rights or New Ordinary Shares or to take up any entitlements to Nil Paid Rights in any jurisdiction in which such an offer or solicitation is unlawful. Receipt of this announcement will not constitute an offer in those jurisdictions in which it would be illegal to make an offer, and in those circumstances the announcement should be treated as sent for information only and should not be copied or redistributed.
The information contained in this announcement is not for publication, distribution or release to persons in the United States, Australia, Canada, Japan or the Republic of South Africa and should not be distributed, forwarded to or transmitted in or into any jurisdiction where to do so might constitute a violation of local securities laws or regulations including but not limited to the United States, Australia, Canada, Japan or the Republic of South Africa.
This announcement does not constitute an offer for sale of securities of the Company in the United States, Australia, Canada, Japan or the Republic of South Africa. The Nil Paid Rights, Fully Paid Rights and the New Ordinary Shares have not been and will not be registered under the Securities Act, the laws of any state of the United States or the securities legislation of any province or territory of Australia, Canada, Japan or the Republic of South Africa and may not be offered, sold, taken up, exercised, resold, renounced, transferred or delivered, directly or indirectly, in or into the United States except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States or into Australia, Canada, Japan or the Republic of South Africa except in compliance with applicable law. There will be no public offer in the United States, Australia, Canada, Japan or the Republic of South Africa. In addition, until 40 days after the commencement of the Rights Issue, an offer, sale or transfer of Nil Paid Rights, Fully Paid Rights or New Ordinary Shares within the United States by a dealer (whether or not participating in the Rights Issue) may violate the registration requirements of the Securities Act.
The contents of Ladbrokes' website or any website directly or indirectly linked to Ladbrokes' website do not form part of this announcement and investors should not rely on it.
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Ladbrokes Coral