14th Jun 2007 10:34
Booker Group PLC14 June 2007 14 June 2007 Booker Group plc ("Booker" or "the Company") Placing The Board of Booker has been informed today that, as envisaged in the AdmissionDocument dated 9 May 2007, several of its shareholders, namely The Governor andCompany of the Bank of Scotland, Kaupthing Bank hf, Milton ehf, Kevin Stanfordand TBH Trading Limited*, (together "the Vendors") have disposed of 223,259,862ordinary shares in the Company, representing 15.0% of the issued share capital. These shares have today been placed by Investec with institutional investors ata price of 25 pence per share ("the Placing"). The Placing is expected toimprove the liquidity of the Company's shares. The number of shares being sold by the Vendors and their resultant holdings inthe issued share capital of Booker are as follows: Shares Sold Resultant Percentage holding of issued share capitalThe Governor and Company of 104,634,455 74,246,677 4.99%the Bank of ScotlandKaupthing Bank hf 29,767,982 92,189,895 6.19%Milton ehf 56,477,770 467,032,010 31.38%Kevin Stanford 7,969,910 65,763,861 4.42%TBH Trading Limited* 24,409,745 86,190,914 5.79% As described in the Admission Document, the Vendors have entered into an orderlymarket agreement whereby they have undertaken to the Company and Investec not tosell or otherwise dispose of their remaining holdings before the anniversary ofthe date on which the shares were admitted to trading on AIM, subject to certainexceptions. Commenting on the Placing, Charles Wilson, Chief Executive of Booker, said, "Theoutcome of the placing shows that investors are behind our plans to create adynamic new force in the UK wholesale market through the combination of Bookerand Blueheath. We are delighted that the investors who have backed us in therecent past remain committed, supportive shareholders - and pleased to welcomemany new shareholders to our register." *a wholly owned subsidiary of West Coast Capital Enquiries: Tulchan Communications 020 7353 4200 Susanna Voyle This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Booker Group