6th Apr 2006 10:43
Guinness Peat Group PLC06 April 2006 GUINNESS PEAT GROUP PLC PLACEMENT OF SHARES SUCCESSFUL This announcement is not for release, distribution or publication, whetherdirectly or indirectly and whether in whole or in part, into or in the UnitedStates, Canada and Japan, and it does not constitute an offer of securities forsale into any of those jurisdictions. Further to the announcement made by Guinness Peat Group plc ("GPG") yesterdayregarding the placement of new ordinary shares in ("Shares") in GPG, theplacement price and issue size have now been determined following the book buildprocess. The placement price was set at NZ$2.60 (UK£0.913) per Share and, subject tocompletion of the placement, 51,000,000 Shares will be issued. Based on the placement price, the gross proceeds expected to be received by GPGare NZ$132.6 million (UK£46.6 million). It is expected that the Shares to beissued will represent about 5.19% of GPG's issued ordinary share capital priorto the placement. GPG has applied for listing of the Shares by the Australian Stock Exchange ("ASX") in CDI form and for admission of the Shares to the Official List of the UK Listing Authority and for admission to trading on the London Stock Exchange's ("LSE") main market for listed securities. The Shares will be freely tradable on the New Zealand Stock Exchange ("NZSX") on advice being given to New ZealandExchange Limited that the Shares have been issued. It is expected that listingof the Shares by the UKLA, admission to trading on the LSE, and trading on theASX and NZSX, will take place on 13 April 2006. Goldman Sachs JBWere (NZ) Limited is the lead manager and sole book runner forthe placement. JR Russell Company Secretary 6 April 2006 For queries please contact: New Zealand: Tony Gibbs (Director) Tel: 0064 9 379 8888 Australia: Gary Weiss (Director) Tel: 00 612 8298 4300 London: Blake Nixon: (Director) Tel: 020 7484 3370 This announcement is for information purposes only and is not intended toconstitute, and should not be construed as, an offer or invitation to buy ordispose of any Shares (or other securities) or investment advice in anyjurisdiction. The Shares will be offered in a private placement to eligibleinstitutional investors only. No prospectus has been or will be published inconnection with the placing of the Shares. The total number of Shares to beallotted will be less than 10% of the total number of shares currently listed onthe LSE and ASX, and quoted on the NZSX. The Shares have not been and will not be registered under the US Securities Actof 1933, as amended (the "US Securities Act") and may not be offered or sold inthe United States absent registration or exemption from registration under theUS Securities Act. There will be no public offering of the Shares (or any othersecurities) in the United States. The Shares will not be the subject of an offerof securities to the public in the United Kingdom within the meaning of Section102B of the Financial Services and Markets Act 2000. This announcement is onlybeing distributed to and is only directed at: (i) persons who are outside theUnited Kingdom; or (ii) to investment professionals in the United Kingdomfalling within Article 19(5) of the Financial Services and Markets Act 2000(Financial Promotion) Order 2005 (the "Order"); or (iii) high net worthentities, and other persons, in the United Kingdom, to whom it may lawfully becommunicated, falling within Article 49(2)(a) to (d) of the Order (all suchpersons referred to as "Relevant Persons"). The Shares are only available to,and any invitation, offer or agreement to subscribe, purchase or otherwiseacquire such securities will be engaged in only with, Relevant Persons. Anyperson who is not a Relevant Person should not act or rely on this announcementor any of its contents. Persons distributing this announcement should satisfythemselves that it is lawful to do so. The Shares may not be offered or sold in Hong Kong other than to professionalinvestors within the meaning of the Securities and Futures Ordinance of HongKong and in circumstances that do not constitute a public offer within themeaning of the Companies Ordinance of Hong Kong. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Coats