14th Mar 2008 12:41
Fenner PLC14 March 2008 14 March 2008 THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITEDSTATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN OR ANY JURISDICTION IN WHICH SUCH PUBLICATION OR DISTRIBUTION IS UNLAWFUL Fenner PLC Placing Results - £36.5 million raised Fenner PLC ("Fenner" or the "Company") announces that it has raised £36.5million before commissions and expenses by the placing by Hoare Govett Limitedof 15,657,910 new ordinary shares of 25 pence each in the capital of the Company(the "Placing Shares") with institutional investors at 233 pence per share (the"Placing"). The Placing represents in aggregate approximately 9.9 per cent. of the issuedshare capital of Fenner. The Placing Shares will, when issued, rank pari passuin all respects with the existing issued shares of Fenner, including the rightto receive all dividends and other distributions declared, made or paid afterthe date of issue. 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's market for listed securities. Enquiries: Fenner PLCMark Abrahams, Chief Executive 01482 626501Richard Perry, Finance Director Weber Shandwick Financial 020 7067 0700Nick OborneStephanie BadjonatHannah Marwood Hoare Govett Limited 020 7678 8000Tim RowntreeJohn MacGowanJames Baker This announcement is for information purposes only and does not constitute an offer to sell or an invitation to subscribe for or a solicitation of an offer to buy or subscribe for any securities in any jurisdiction including in which such an offer or solicitation is unlawful and is not for distribution in or into, without limitation, the United Kingdom, the United Sates, Canada, Australia or Japan (the "Excluded Territories"), or to US persons (within the meaning of Regulations of the United States Securities Act 1933 (as amended) (the "Securities Act")). The Placing Shares have not been and will not be registered under the Securities Act or under the applicable securities laws of any state in the United States or any Excluded Territory and, unless an exemption under such act or laws is available may not be offered for sale or subscription or sold or subscribed directly or indirectly within the Excluded Territories or for the account or benefit of any national, resident or citizen of the Excluded Territories. No public offering of securities will be made in the United States. The distribution of this announcement in other jurisdictions may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of such jurisdictions. Hoare Govett, which is authorised and regulated by the Financial Services Authority, is acting exclusively for Fenner and for no one else in connection with the Bookbuilding and the Placing and will not be responsible to anyone other than Fenner for providing the protections afforded to clients of Hoare Govett nor for providing advice in relation to the Placing or the Bookbuilding or any other matters referred to in this announcement. The contents of this announcement are not to be construed as legal, financial or tax advice. If necessary, each recipient of this announcement should consult his, her or its own legal adviser, financial adviser or tax adviser for legal, financial or tax advice. This announcement contains certain statements that are or may be"forward-looking statements". These statements typically contain words such as"intends", "expects", "anticipates", "estimates" and words of similar import.All the statements other than statements of historical facts included in thisannouncement, including, without limitation, those regarding Fenner's financialposition, business strategy, plans and objectives of management for futureoperations (including development plans and objectives relating to Fenner'sproducts and services) are forward-looking statements. By their nature,forward-looking statements involve risk and uncertainty because they relate toevents and depend on circumstances that will occur in the future and thereforeundue reliance should not be placed on such forward-looking statements. Thereare a number of factors that could cause the actual results, performance orachievements of Fenner or those markets and economies to be materially differentfrom future results, performance or achievements expressed or implied by suchforward-looking statements. Such forward-looking statements are based onnumerous assumptions regarding Fenner's present and future business strategiesand the environment in which Fenner will operate in the future and suchassumptions may or may not prove to be correct. Forward-looking statements speakonly as at the date they are made. Neither Fenner nor Hoare Govett nor any otherperson undertakes any obligation (other than, in the case of Fenner, pursuant tothe Listing Rules and the Disclosure and Transparency Rules of the UK ListingAuthority) to update publicly any of the information contained in thisannouncement, including any forward-looking statements, in the light of newinformation, change in circumstances or future events. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Fenner PLC