29th Mar 2006 12:24
Lupus Capital PLC29 March 2006 Not for release, publication or distribution into the United States, Canada, Japan or Australia Lupus Capital plc ("Lupus" or "the Company") Results of Open Offer and Extraordinary General Meeting Result of Open Offer On 3 March 2006, Lupus announced the proposed acquisition of the Schlegelbuilding products business and the conditional Placing of 378,571,429 NewOrdinary Shares at an issue price of 14 pence per share. Of these New OrdinaryShares, 79,232,095 were subject to clawback by way of the Open Offer to existingLupus shareholders on the basis of a basic entitlement of one New Ordinary Sharefor every three Existing Ordinary Shares, together with an Excess ApplicationFacility. In total, valid applications had been received by the close of the Open Offer at3.00p.m. on 27 March 2006 for 106,557,511 New Ordinary Shares. Of these totalapplications, 65,706,672 New Ordinary Shares were applied for pursuant toshareholders' Basic Entitlements and 40,850,839 New Ordinary Shares under theExcess Application Facility. The total valid applications received represent134.5 per cent. of the New Ordinary Shares offered under the Open Offer. ExcessApplications will therefore be scaled down in accordance with the terms of theProspectus, such that the total number of Ordinary Shares issued under the OpenOffer is 79,232,095 New Ordinary Shares. Surplus monies received by thereceiving agents, Capita Registrars, in relation to Excess Applications whichhave been scaled down, will be returned to applicants as soon as possiblefollowing completion. Result of the Extraordinary General Meeting At the Extraordinary General Meeting ("EGM") of the Company held today, all theresolutions set out in the notice of EGM and the prospectus dated 6 March 2006were duly passed. Accordingly, it is expected that, with effect from 8 a.m. on 4 April 2006, theCompany's current listing on the Official List will be cancelled andsimultaneously the enlarged issued share capital of Lupus, following the placingand open offer in relation to the acquisition of the Schlegel building productsdivision, will be admitted to trading on AIM. Terms used in this announcement shall have the same meanings as set out in theProspectus dated 6 March 2006. Enquiries: Alan Frame Equity Development 0207 405 7777 HSBC Bank plc:Rupert Faure Walker Nick Donald Managing Director Head of UK Equity Capital Markets 0207 992 2101 0207 992 2151 HSBC is acting exclusively for Lupus Capital plc and no one else in relation tothe Placing and Open Offer and will not be responsible to anyone other thanLupus for providing the protections afforded to their clients or for providingadvice in relation to the Placing and Open Offer or any other matter referred toin this announcement. This announcement and the information contained herein are not an offer for saleof securities in or into the United States, Australia, Canada or Japan or in anyother jurisdiction. The Ordinary Shares, nor any rights to subscribe for suchOrdinary Shares, have not been and are not being registered under the UnitedState Securities Act of 1933, as amended (the Securities Act) and may not beoffered or sold in the United States or to or for the account or benefit of USpersons (as such terms are defined in Regulation S under such Act) absentregistration under, or an exemption from registration under, or in a transactionnot subject to the requirements of, the Securities Act. There is no public offerof securities in the United States. This announcement and the information contained herein does not constitute anoffer to sell, exchange or transfer any securities of Lupus Capital plc and isnot soliciting an offer to purchase, exchange or transfer such securities in anyjurisdiction where the offer, sale, exchange or transfer is not permitted or toany person or entity to whom it is unlawful to make that offer, sale, exchangeor transfer. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Tyman