16th Jun 2009 17:30
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND OR SWITZERLAND AND SHOULD NOT BE DISTRIBUTED IN, FORWARDED TO OR TRANSMITTED INTO THOSE COUNTRIES OR INTO ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF LOCAL SECURITIES LAWS OR REGULATIONS
16 June 2009
Punch Taverns plc
Publication of Prospectus
Further to the announcement on 15 June 2009 relating to the proposed Firm Placing and the Placing and Open Offer, Punch Taverns plc ("Punch") announces that the following documents have been posted to Qualifying Shareholders (other than Excluded Shareholders):
1. Prospectus
2. Form of Proxy
3. Non-Crest Application Form
The Prospectus has been submitted to the UK Listing Authority's document viewing facility and is available for inspection during normal business hours on any weekday (public holidays excepted), situated at: The Financial Services Authority, 25 The North Colonnade, Canary Wharf, London E14 5HS. Copies of the Prospectus will shortly be available on Punch's website: www.punchtaverns.com
The following is the expected timetable of principal events in relation to the Firm Placing and the Placing and Open Offer:
|
2009 |
|
|
Publication of the Prospectus and despatch of Application Forms to Qualifying Non-CREST Shareholders |
16 June |
|
Open Offer Entitlements credited to stock accounts of Qualifying CREST Shareholders in CREST |
8.00 a.m. on 17 June |
|
Recommended latest time for requesting withdrawal of Open Offer Entitlements from CREST (i.e. if your Open Offer Entitlements are in CREST and your wish to convert them to certificated form) |
4.30 p.m. on 26 June |
|
Latest time and date for depositing Open Offer Entitlements into CREST |
3.00 p.m. on 29 June |
|
Latest time and date for splitting Application Forms |
3.00 p.m. on 30 June |
|
Latest time and date for receipt of Forms of Proxy |
10.30 a.m. on 1 July |
|
Latest time and date for receipt of completed Application Forms and payment in full and settlement of CREST instructions (as appropriate) |
11.00 a.m. on 2 July |
|
General Meeting |
10.30 a.m. on 3 July |
|
Announcement of the results of Firm Placing and the Placing and Open Offer |
3 July |
|
Date of Admission and dealings in New Ordinary Shares, fully paid, commence on the London Stock Exchange |
by 8.00 a.m. on 6 July |
|
New Ordinary Shares credited to CREST stock accounts |
by no later than 6 July |
|
Despatch of definitive share certificates for New Ordinary Shares in certificated form |
by no later than 7 July |
Notes:
1. The actions specified in the expected timetable of principle event above are subject to certain restrictions relating to Shareholders with registered addresses outside the UK, details of which are set out in Part VI (Terms and Conditions of the Open Offer) of the Prospectus.
2. The times and dates set out in the expected timetable of principal events above and mentioned throughout the Prospectus may be adjusted by Punch in consultation with the Joint Sponsors, in which event details of the new times and dates will be notified to the UK Listing Authority, the London Stock Exchange and, where appropriate, Qualifying Shareholders, Firm Placees and Conditional Placees.
3. References to times in this timetable are to London time unless otherwise stated.
Terms defined in the Prospectus have the same meanings in this announcement.
For further information, please contact:
Punch Taverns
Neil Preston
Company Secretary
Tel: +44(0)1283 501 751
IMPORTANT NOTICE
This announcement is not a prospectus. Investors should not subscribe for or purchase, sell or dispose of any New Ordinary Shares referred to in this announcement except on the basis of information in the Prospectus to be published by or on behalf of Punch Taverns plc in connection with the proposed Firm Placing and the Placing and Open Offer.
This announcement is for information purposes only and does not constitute or form part of any offer or invitation to purchase, otherwise acquire or subscribe for, sell or otherwise dispose of or issue, or any solicitation of any offer to purchase, otherwise acquire or subscribe for, sell or otherwise dispose of or issue New Ordinary Shares or to take up any entitlements to New Ordinary Shares in any jurisdiction in which such an offer or solicitation is unlawful.
This announcement and the information contained in it is not for distribution (directly or indirectly) in or to the United States, Canada, Australia, New Zealand or Switzerland. It does not constitute an offer for sale of securities, nor a solicitation to purchase or subscribe for securities, in the United States, Canada, Australia, New Zealand or Switzerland or any other jurisdiction where such offer, sale or solicitation would be unlawful (such jurisdictions other than the United States, the "Excluded Territories").
A copy of the Prospectus when published will be available from the registered office of the Company and on the Company's website at www.punchtaverns.com, provided that the Prospectus will not be available (whether through the website or otherwise) to Shareholders in Excluded Territories and, subject to certain exceptions, the United States. The Prospectus will give further details of the Firm Placing and Placing and Open Offer.
Goldman Sachs International, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting as joint sponsor and joint bookrunner for Punch Taverns plc and no one else in connection with the Firm Placing and Placing and Open Offer and will not be responsible to anyone other than Punch Taverns plc for providing the protections afforded to its clients or for providing advice in relation to the Firm Placing and Placing and Open Offer or any matters referred to in this announcement.
Merrill Lynch International, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting as joint sponsor and joint bookrunner for Punch Taverns plc and no one else in connection with the Firm Placing and Placing and Open Offer and will not be responsible to anyone other than Punch Taverns plc for providing the protections afforded to its clients or for providing advice in relation to the Firm Placing and Placing and Open Offer or any matters referred to in this announcement.
The New Ordinary Shares and the Open Offer Entitlements have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or under the securities laws of any state or other jurisdiction of the United States and may not be offered, sold, taken up, exercised, resold, renounced, transferred or delivered, directly or indirectly except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States. There will be no public offering of the New Ordinary Shares in the United States. The New Ordinary Shares offered outside the United States are being offered in reliance on Regulation S under the Securities Act.
The New Ordinary Shares have not been and will not be registered under the securities laws of any Excluded Territory and may not be offered, sold, taken up, exercised, resold, transferred or delivered, directly or indirectly, within the Excluded Territories except pursuant to an applicable exemption from registration and in compliance with any applicable securities laws. There will be no public offer of the New Ordinary Shares in any of the Excluded Territories.
Related Shares:
Punch Taverns PLC