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Placing & Rights Issue Update

23rd May 2007 15:58

Aminex PLC23 May 2007 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN PART OR IN WHOLE IN OR INTO THEUNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA This announcement is an advertisement and not a prospectus and investors shouldnot subscribe for or purchase any shares referred to in this announcement excepton the basis of information in the registration document published by Aminex on30 March, 2007 and the summary and securities note in connection with theplacing and rights issue which have been published today (together, the "Prospectus"). Copies of the Prospectus are available from, inter alia, theregistered offices of Aminex. 23 May, 2007 AMINEX PLC ("Aminex" or "the Company") PLACING AND RIGHTS ISSUE UPDATE The Board of Aminex is pleased to advise that documentation, comprising aprospectus and notice of extraordinary general meeting, in connection with theproposed Placing and Rights Issue announced by the Company on 15 May, 2007 isbeing posted to shareholders today, 23 May, 2007. The completion of the Placingand the implementation of the Rights Issue are conditional, inter alia, uponshareholder approval. Such approval is to be sought at an extraordinary generalmeeting of the Company convened to be held at 2.00 p.m. on 20 June, 2007 at TheGresham Hotel, Upper O'Connell Street, Dublin 1, Ireland. The expected timetable of principal events in connection with the Placing andthe Rights Issue is as follows: Event Time and Date Despatch of the Prospectus 23 May, 2007 Record Date for the Rights Issue 6.00 p.m. on 15 June, 2007Latest time and date for return of Forms of Proxy 2.00 p.m. 18 June, 2007Extraordinary General Meeting 2.00 p.m. on 20 June, 2007 Despatch of the Provisional Allotment Letter (to Qualifying Non-CREST Shareholders only) 21 June, 2007 Dealings in the Rights Issue Shares commence, nil paid 8.00 a.m. on 21 June, 2007 Nil Paid Rights and Fully Paid Rights enabled 8.00 a.m. on 21 June, 2007*in CREST (Qualifying CREST Shareholders only) Ex-Rights Date (i.e. being the date from which 8.00 a.m. on 21 June, 2007the Existing Ordinary Shares will trade excluding the entitlement to participate in theRights Issue) Stock accounts in CREST credited with Nil Paid Rights 21 June, 2007 Admission and commencement of dealings in Placing Shares 8.00 a.m. on 21 June, 2007 CREST Accounts credited with New Warrants in respect of the Placing 21 June, 2007 Despatch of certificates to certificated holders of Placing Shares and New Warrants in respect of the Placing 21 June, 2007 Recommended latest time for requesting withdrawal of Nil Paid Rights from CREST (i.e. if your Nil Paid Rights are in CREST and you wish toconvert them to certificated form) 4.30 p.m. on 5 July, 2007 Latest time for depositing renounced Provisional Allotment Letters, nil paid, in CREST or for dematerialising Nil Paid Rights into a CRESTstock account 3.00 p.m. on 9 July, 2007 Latest time and date for splitting Provisional Allotment Letters, nil paid 3.00 p.m. on 11 July, 2007 Latest time and date for acceptance and payment in full under the Rights Issue 11.00 a.m. on 13 July, 2007 Recommended latest time for requesting withdrawal of Fully Paid Rights from CREST 4.30 p.m. on 24 July, 2007 Latest time for depositing renounced Provisional Allotment Letters, fully 3.00 p.m. on 27 July, 2007 dematerialising Fully Paid Rights into a CREST stock account Latest time and date for splitting Provisional Allotment Letters, fully paid 3.00 p.m. on 30 July, 2007 Latest time and date for registration of renunciation, fully paid 3.00 p.m. on 1 August, 2007 Admission and commencement of dealings in Rights Issue Shares 8.00 a.m. on 2 August, 2007Expected date for crediting Rights Issue Shares and associated New Warrants to CREST stock accounts 2 August, 2007Expected date of despatch of definitive share certificates in respect of Rights Issue Shares and associated New Warrants on or before 13 August, 2007 * or as soon as practicable after Admission Notes: (1) All references to time in this announcement are to time in Dublin and London. (2) The dates set out in the "Expected Timetable of Principal Events" above may be adjusted by Aminex, in which event details of new dates will be notified, via a Regulatory Information Service, to the Irish Stock Exchange, the FSA and the London Stock Exchange and, where appropriate, to Qualifying Shareholders. (3) Terms defined in the Prospectus dated 23 May, 2007 shall have the same meaning in this announcement. Enquiries: For further information: Aminex PLC Brian Hall, Chief Executive Tel: +44 (0) 20 72913100 Davy Eugenee Mulhern / Fergal Meegan Tel: +353 (0) 1 6796363 Bridgewell Andrew Matharu Tel: + 44 (0) 20 70033105 Pelham Public Relations Archie Berens Tel: +44 (0) 20 77436679 The contents of this announcement have been approved for the purposes of section21(2) of the Financial Services and Markets Act 2000 of the United Kingdom byDavy. Davy Corporate Finance Limited and J&E Davy (collectively ''Davy'') (each ofwhich is regulated in Ireland by the Irish Financial Services RegulatoryAuthority) and Bridgewell Limited (''Bridgewell'') (which is regulated in the UKby the Financial Services Authority) are acting exclusively for Aminex inconnection with the requirements of the Irish Stock Exchange and the UK ListingAuthority and for no one else and will not be responsible to any other personfor providing the protection afforded to customers of Davy or Bridgewell nor forproviding advice in connection with this announcement. Participation in the proposed Rights Issue will not be available to shareholdersresident in the United States, Australia, Canada, South Africa or Japan or anyother jurisdiction where it would be unlawful to offer participation. This announcement does not constitute, or form part of, an offer of, or thesolicitation of any offer to subscribe for or buy, any of the Ordinary Shares orWarrants to be issued or sold in connection with the Placing and/or RightsIssue. Investors should not subscribe for or purchase any securities referred toin this announcement except on the basis of information in the Prospectus to bepublished by the Company in due course in connection with the Placing and RightsIssue. The offer of the Ordinary Shares and Warrants in certain jurisdictions may berestricted by law and therefore potential investors should inform themselvesabout and observe any such restrictions. This announcement is not forpublication or distribution, directly or indirectly, in or into the UnitedStates. This announcement is for information only and does not constitute anoffer or invitation to acquire or dispose of Ordinary Shares or Warrants in theUnited States. The Placing and Rights Issue will not be an offer of securitiesfor sale in the United States. Securities may not be offered or sold in theUnited States absent registration or an exemption from registration. TheOrdinary Shares and Warrants have not been and will not be registered under theUS Securities Act of 1933, as amended ('the Securities Act'), or with anysecurities regulatory authority of any state or other jurisdiction of the UnitedStates, and may not be offered or sold in the United States, except pursuant toan exemption from, or in a transaction not subject to, the registrationrequirements of the Securities Act. There will be no public offering of OrdinaryShares or Warrants in Aminex in the United States. Past performance is no guide to future performance and persons needing adviceshould consult an independent financial adviser. The distribution of this announcement may be restricted by law. No action hasbeen taken that would permit the possession or distribution of this announcementin any jurisdiction where action for that purpose is required. ENDS This information is provided by RNS The company news service from the London Stock Exchange

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