18th Apr 2007 07:27
Brammer PLC18 April 2007 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN Brammer plc Placing Results - £15.8 million raised Brammer plc ("Brammer" or the "Company") announces that it has raised £15.8million before commissions and expenses by the placing by Dresdner KleinwortLimited of 4,795,000 new ordinary shares of 20 pence each at 330 pence per share(the "Placing Shares") with institutional investors (the "Placing") representingin aggregate approximately 9.9 per cent. of the issued share capital of Brammer. Ian Fraser and Paul Thwaite, Directors of the Company, have subscribed for30,000 shares each at 330 pence per share. The Placing Shares will, when issued, rank pari passu in all respects with theexisting issued shares of Brammer. The Placing is conditional, inter alia, on admission of the Placing Shares tothe Official List maintained by the Financial Services Authority and to tradingon the London Stock Exchange plc's market for listed securities. Enquiries: Brammer plc 0161 902 5572 David Dunn, Chairman Ian Fraser, Chief Executive Paul Thwaite, Finance Director Citigate Dewe Rogerson 020 7638 9571 Martin Jackson Nicola Smith Dresdner Kleinwort 020 7623 8000 Chris Treneman Joe Thompson Dresdner Kleinwort - ECM Aline Burgmann This announcement has been issued by Brammer and is the sole responsibility ofBrammer. This announcement is for information purposes only and does notconstitute an offer to sell or issue any securities or a solicitation of anoffer to buy or acquire any securities or investment advice in any jurisdictionincluding, without limitation, the United Kingdom, the United Sates, Canada,Australia or Japan. The Placing Shares have not been and will not be registered under the USSecurities Act of 1933 and many not be offered or sold within the United Statesabsent registration or an exemption from registration. No public offering ofsecurities will be made in the United States. Dresdner Kleinwort Securities Limited, which is authorised and regulated by theFinancial Services Authority, is acting for Brammer and for no one else inconnection with the Placing and will not be responsible to anyone other thanBrammer for providing the protections afforded to customers of DresdnerKleinwort Securities Limited or for affording advice in relation to the Placingor any matters referred to herein. Neither this document nor any copy of it may be taken, transmitted ordistributed, directly or indirectly, in or into the United States, Canada,Australia or Japan or in any jurisdiction in which such transmission ordistribution is unlawful. Any failure to comply with this restriction mayconstitute a violation of US, Canadian, Australian or Japanese securities lawsor the securities laws of other states as the case may be. This announcement includes "forward-looking statements". All the statementsother than statements of historical facts included in this announcement,including, without limitation, those regarding Brammer's financial position,business strategy, plans and objectives of management for future operations(including development plans and objectives relating to Brammer's products andservices) are forward-looking statements. Such forward-looking statementsinvolve known and unknown risks, uncertainties and other important factors thatcould cause the actual results, performance or achievements of Brammer or thosemarkets and economies to be materially different from future results,performance or achievements expressed or implied by such forward-lookingstatements. Such forward-looking statements are based on numerous assumptionsregarding Brammer's present and future business strategies and the environmentin which Brammer will operate in the future and such assumptions may or may notprove to be correct. These forward-looking statements speak only as at the dateof this announcement. Brammer expressly disclaims any obligation (other thanpursuant to the Listing Rules of the UK Listing Authority) or undertaking todisseminate any updates or revisions to any forward-looking statements containedherein to reflect any change in Brammer's expectations with regard thereto orany change in events, conditions or circumstances on which any such statement isbased. ENDS This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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