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Result of Equity Issue

29th Aug 2008 07:00

RNS Number : 2671C
Johnson Service Group PLC
29 August 2008
 



FOR IMMEDIATE RELEASE

JOHNSON SERVICE GROUP PLC

("Johnson" or the "Group")

29 August 2008

RESULTS OF OPEN OFFER

Johnson announces that it has received valid acceptances in respect of 39,828,824 Open Offer Shares, representing approximately 79.7 per cent. of the total number of Open Offer Shares offered to Shareholders pursuant to the Open Offer announced on 6 August 2008. 

 

As set out in the Prospectus published by the Company dated 6 August 2008, the Open Offer has not been underwritten, therefore in accordance with the arrangements set out in Part 6 of the Prospectus, 39,828,824 Open Offer Shares have been subscribed for by Qualifying Shareholders under the Open Offer. This represents approximately 19.0 per cent. of the Existing Issued Ordinary Share Capital and 16.0 per cent. of the Enlarged Issued Share Capital of the Company.
 

The Open Offer remains conditional upon Admission, 39,828,824 Open Offer Shares are expected to be admitted to trading on AIM with effect from 8 a.m. on Monday 8 September 2008. 

Thereafter the Company will have a total of 249,302,482 shares in issue. 

Set out below is an expected timetable of principal events in relation to the Open Offer.

Expected timetable

Date of Admission and commencement of dealings on AIM 

8.00 a.m. on 8 September 2008

Credit of CREST accounts with Open Offer Shares

8 September 2008

Expected date of despatch of definitive share certificates for Open Offer Shares in certificated form 

On or around 15 September 2008

Notes:

References to times in this document are to London time unless otherwise stated.

If any of the above times and/or dates change, the revised times and/or dates will be notified through a Regulatory Information Service.

The definitions used in this announcement shall have the same meaning given to them in the Prospectus published by the Company dated 6 August 2008.

Enquiries:

Johnson Service Group 020 7796 4133

John Talbot, Chief Executive

Yvonne Monaghan, Finance Director

Investec  020 7597 5000

Erik Anderson

Michael Lacey-Solymar

Martin Smith

Hudson Sandler 020 7796 4133

Michael Sandler

Wendy Baker

Fran Read

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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