1st Nov 2005 15:02
UMECO PLC01 November 2005 For immediate release 1 November 2005 The release, publication or distribution of this announcement in certainjurisdictions may be restricted by law and therefore persons in suchjurisdictions into which this announcement is released, published or distributedshould inform themselves about and observe such restrictions. THIS ANNOUNCEMENT DOES NOT CONSTITUTE, OR FORM PART OF, AN OFFER TO SELL OR THESOLICITATION OF AN OFFER TO SUBSCRIBE FOR OR BUY ANY SECURITIES, NOR THESOLICITATION OF ANY VOTE OR APPROVAL IN ANY JURISDICTION, NOR SHALL THERE BE ANYSALE, ISSUE OR TRANSFER OF THE SECURITIES REFERRED TO IN THIS ANNOUNCEMENT INANY JURISDICTION IN CONTRAVENTION OF APPLICABLE LAW. UMECO plc ("UMECO") Prospectus to Shareholders posted Further to the announcement dated 1 November 2005 regarding the proposed RightsIssue to raise approximately £48.4 million (net of expenses), the Board of UMECOannounces that a prospectus (the "Prospectus"), setting out the full terms andconditions of the Rights Issue, including the procedure for acceptance andpayment, the procedure in respect of rights not taken up and convening anextraordinary general meeting to be held at 10.00 a.m. on Friday, 18 November2005 to approve the Rights Issue, is being posted to Shareholders today. Application will be made to the UK Listing Authority and to the London StockExchange for the nil-paid rights and fully paid New Ordinary Shares to beadmitted to the Official List and to be admitted to trading on the London StockExchange's market for listed securities. An expected timetable of the principalevents relating to the Rights Issue is set out in the Prospectus. A copy of the Prospectus has been submitted to the UK Listing Authority and willshortly be available for inspection at the UK Listing Authority's DocumentViewing Facility which is situated at: Financial Services Authority, 25 TheNorth Colonnade, Canary Wharf, London E14 5HS, telephone 020 7066 1000. Certain terms used in this announcement are defined and have the same meaning asin UMECO's announcement regarding the Rights Issue which was made earlier today. Enquiries: UMECO PLC 01926 331 800Clive SnowdonJohn Beaumont Arbuthnot Securities 020 7012 2000Andrew FullertonGraham Swindells The Hogarth Partnership 020 7357 9477John OlsenBarnaby Fry This announcement is not an offer for sale of securities in or into the UnitedStates, Andorra, Australia, Austria, Belgium, Canada, France, Germany, Greece,Holland, Japan, New Zealand, the Republic of Ireland, South Africa, Spain andSwitzerland. Securities may not be offered or sold in the United States absentregistration under the Securities Act or an exemption therefrom. UMECO has notand does not intend to register any of the Provisional Allotment Letters, NilPaid Rights, Fully Paid Rights or New Ordinary Shares under the Securities Act,or to avail itself of any applicable exemption. The securities of UMECO have notbeen registered with, recommended, approved or disapproved by any US federal orstate securities commission or regulatory authority. There will be no publicoffer of securities in the United States or in any of the other ExcludedTerritories. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Ubsetfusmca