5th Sep 2006 08:47
Croda International PLC05 September 2006 NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION IN OR INTO THE UNITED STATES This announcement does not represent an offer of securities in the United Statesand the securities referred to herein may not be offered in the United Statesabsent registration under the US Securities Act of 1933, as amended or anexemption from registration. CRODA INTERNATIONAL PLC ("CRODA" OR THE "COMPANY") RESULT OF PLACING (THE"PLACING") A total of 12,381,125 new ordinary shares of 10 p each in Croda (the "PlacingShares") have been placed by Merrill Lynch International ("Merrill Lynch ") withinstitutions at a price of 499.5 pence per Placing Share, subject to Admission.Based on the Placing price, the gross proceeds are £61.8 million. The PlacingShares being issued represent 9.99% per cent of Croda's issued ordinary sharecapital prior to the Placing. Admission: Application has been made for, and the Placing is conditional on, inter alia,admission of the Placing Shares to listing on the Official List maintained bythe UK Listing Authority and to admission to trading by the London StockExchange on its market for listed securities (together, "Admission"). It isexpected that Admission will become effective and that dealings will commence inthe Placing Shares at 8:00am on 8 September 2006. Merrill Lynch is acting as Sole bookrunner in relation to the Placing. Enquiries Croda International Plc Tel. +44 (0)1405 860 551 Mike Humphrey Group Chief Executive Sean Christie Group Finance Director This announcement has been issued by and is the sole responsibility of Croda. This announcement may not be distributed, directly or indirectly, in or into theUnited States or any jurisdiction in which such publication or distribution isunlawful. This announcement does not constitute or form part of an offer tosell or issue, or any solicitation of an offer to buy or subscribe for, anysecurities referred to herein in any jurisdiction, including, withoutlimitation, the United States. The placing, and the distribution of thisannouncement and other information in connection with the placing in certainjurisdictions, may be restricted by law and persons into whose possession anydocument or other information referred to herein comes should inform themselvesabout and observe any such restriction. Any failure to comply with theserestrictions may constitute a violation of the securities laws of any suchjurisdiction. Merrill Lynch, which is authorised and regulated in the United Kingdom by theFinancial Services Authority, is acting exclusively for the Company and no oneelse in connection with the Placing and the other matters referred to in thisannouncement. Merrill Lynch will not regard any other person as their client andwill not be responsible to anyone other than the Company for providing theprotections afforded to their respective clients nor for giving advice inrelation to the Placing and the other matters referred to herein. The securities referred to herein have not been and will not be registered underthe US Securities Act of 1933, as amended, and may not be offered or sold in theUnited States absent registration under such Act or unless pursuant to anexemption from the registration requirements thereof. There will be no publicoffering in the United States. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Croda International