22nd Nov 2006 09:27
Liberty International PLC22 November 2006 Liberty International PLC22 November 2006 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, OR INTO, THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN LIBERTY INTERNATIONAL PLC RESULT OF PLACING OF NEW ORDINARY SHARES PLACING PRICE SET AT 1350 PENCE PER NEW ORDINARY SHARE Liberty International PLC ("Liberty International") announces that, further to the announcement on 21 November 2006, (the "Announcement"), a total of 25 million new ordinary shares of 50 pence each in Liberty International (the "Placing Shares") have been placed by Merrill Lynch International ("Merrill Lynch") and UBS Limited ("UBS") at a price of 1350 pence per Placing Share, raising gross proceeds of approximately £337.5 million (the "Placing"). 1.4 million Placing Shares have been placed with the family interests of Sir Donald Gordon at the Placing Price. The Placing Shares being issued represent 7.4% per cent of Liberty International's issued ordinary share capital prior to the Placing. Application will be made for, and the Placing is conditional upon, inter alia, admission of the Placing Shares to listing on the Official List maintained by the UK Listing Authority and upon admission to trading by London Stock Exchange plc on its main market for listed securities (together, "Admission"). It is expected that Admission will become effective and that dealings will commence in the Placing Shares at 8:00am on 29 November 2006. Subject to the conditions being satisfied, the Placing Shares will be issued credited as fully paid and will rank pari passu in all respects with Liberty International's existing ordinary shares. Enquiries Liberty International PLC Sir Robert Finch Chairman +44 (0)20 7960 1273 David Fischel Chief Executive +44 (0)20 7960 1207 Aidan Smith Finance Director +44 (0)20 7960 1210 Merrill Lynch International Simon Fraser +44 (0)20 7996 2606 Mark Gwynne +44 (0)20 7995 3700 Andrew Fairclough +44 (0)20 7995 0469 UBS Investment Bank Oliver Pawle +44 (0)20 7568 2164 John Woolland +44 (0)20 7568 2336 Tim Guest +44 (0)20 7568 2549 Adrian Lewis +44 (0)20 7568 2240 Public Relations UK: Michael Sandler, Hudson Sandler +44 (0)20 7796 4133 SA: Matthew Gregorowski, College Hill Associates +44 (0)20 7457 2020 Nicholas Williams, College Hill Associates +27 (0)11 447 3030 Defined terms used in this announcement have, unless the context otherwise requires, the same meaning given to them in the Announcement. This announcement has been issued by and is the sole responsibility of Liberty International. Merrill Lynch and UBS are acting for Liberty International and no-one else in relation to the Placing and will not be responsible to any person other than Liberty International for providing the protections afforded to clients of Merrill Lynch and UBS or for providing advice in relation to the Placing or in relation to the contents of this announcement or any other transaction, arrangement or matter referred to herein. This announcement is for information purposes only and does not constitute an offer to issue or sell, or the solicitation of an offer to acquire or buy, any securities to any person in any jurisdiction. In particular, this announcement does not constitute an offer to issue or sell, or the solicitation of an offer to acquire or buy, any securities in the United States, Canada, Australia or Japan. The Placing Shares have not been, nor will they be, registered under the Securities Act or with any securities regulatory authority of any State or other jurisdiction of the United States, and accordingly may not be offered or soldwithin the United States except pursuant to an exemption from, or in a transaction not subject to, registration under the Securities Act. No public offering of the Placing shares will be made in the United States. Any offering to be madein the United States will be made to a limited number of QIBs pursuant to an exemption from registration under the Securities Act in a transaction not involving any public offering. The Placing Shares are being offered and sold outsidethe United States in accordance with Regulation S under the Securities Act. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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