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Result of Equity Issue

10th Mar 2005 17:49

Countrywide PLC10 March 2005 FOR IMMEDIATE RELEASE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES,CANADA, JAPAN, AUSTRALIA OR THE REPUBLIC OF IRELAND 10 March 2005 Countrywide plc ("Countrywide" or the "Company") Result of Placing of new ordinary shares Countrywide plc is pleased to announce the completion of the placing (the"Placing") announced earlier today. A total of 8,456,416 new ordinary shares of5 pence each (the "Placing Shares") have been placed by Panmure Gordon withinstitutions at a price of 342.5 pence per share, raising approximately £29.0million before expenses. The Placing Shares, which represent approximately 5 per cent of the Company'sexisting issued share capital, will be issued credited as fully paid and willrank pari passu in all respects with the Company's existing ordinary shares,including the right to receive all future dividends and other distributionsdeclared, made or paid after the date of issue of the Placing Shares, other thanthe final dividend of 4.5 pence per share declared by the Company for the yearended 31 December 2004. Application has been made for, and the Placing is conditional on, admission ofthe Placing Shares to listing on the Official List of the UK Listing Authorityand to trading on the London Stock Exchange's market for listed securities. Itis expected that Admission will become effective and dealings in the PlacingShares will commence at 8.00 a.m. on 16 March 2005. Enquiries to: Countrywide plc Tel : 01376 533 700Harry Hill, Managing DirectorMichael Nower, Finance Director Panmure Gordon Tel : 020 7187 2000 Edward FarmerMarianne WoodsMark Lander This announcement has been issued by Countrywide and is the sole responsibilityof Countrywide. This announcement is for information purposes only and shall notconstitute or form any part of any offer or invitation to subscribe for,underwrite or otherwise acquire, or any solicitation of any offer to purchase orsubscribe for, securities including in the United States. This announcement does not constitute an offer of securities for sale in theUnited States. Neither this announcement nor any copy of it may be taken ordistributed into the United States or distributed or published, directly orindirectly, in the United States. Any failure to comply with this restrictionmay constitute a violation of US securities laws. The securities referred toherein have not been and will not be registered under the Securities Act of 1933(the "Securities Act"), and may not be offered or sold in the United Statesunless they are registered under the Securities Act or pursuant to an availableexemption therefrom. No public offering of securities of the Company is beingmade in the United States. This announcement does not constitute an offer to sell or issue or thesolicitation of an offer to buy, subscribe or otherwise acquire Placing Sharesor other shares in the Company in Canada, Australia, Japan, the Republic ofIreland or in any jurisdiction in which such offer or solicitation is unlawfuland the information contained herein is not for release, publication ordistribution in whole or in part in or into the Canada, Australia, Japan or theRepublic of Ireland or in any jurisdiction in which such publication ordistribution is unlawful. The Placing Shares have not been recommended, approved or disapproved by anyUnited States federal or state securities commission or regulatory authority.Furthermore, the foregoing authorities have not confirmed the accuracy ordetermined the adequacy of this announcement. Any representation to the contraryis a criminal offence in the United States. Panmure Gordon, a division of Lazard & Co., Limited, which is authorised andregulated by the Financial Services Authority under the Financial Services andMarkets Act 2000, is acting exclusively for Countrywide in connection with thePlacing and for no one else and will not be responsible to anyone other thanCountrywide for providing the protections afforded to clients of Panmure Gordon,nor for providing advice in relation to the Placing or any other matter referredto in this announcement. This information is provided by RNS The company news service from the London Stock Exchange

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CWD.L
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