23rd Sep 2009 07:00
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.
Wichford P.L.C. ("Wichford" or the "Company")
RESULT OF RIGHTS ISSUE
Wichford announces that as at 11.00am on 22 September 2009, being the latest time and date of receipt for acceptance and payment, it had received valid acceptances in respect of 893,055,004 New Shares, representing approximately 96.10 per cent. of the total number of New Shares offered to Shareholders, pursuant to the Rights Issue announced by the Company on 5 August 2009.
It is expected that the New Shares in uncertificated form will be credited to CREST accounts on 25 September 2009 and that definitive share certificates in respect of New Shares in certificated form will be despatched to Shareholders by no later than 2 October 2009. It is expected that the New Shares will commence trading fully paid on the London Stock Exchange Plc's main market for listed securities on 25 September 2009.
As disclosed in Part II of the combined circular and prospectus published by the Company in connection with the Rights Issue and sent to Shareholders on 5 August 2009 (the 'Prospectus'), Evolution Securities and KBC Peel Hunt will use their reasonable endeavours to procure subscribers for the balance of 36,278,632 New Shares not validly taken up under the Rights Issue, on and subject to the terms and conditions agreed with the Company in the Underwriting Agreement. A further announcement as to the number of New Shares for which subscribers have been so procured will be made in due course.
Capitalised terms used but not defined in this announcement have the same meanings as given to them in the Prospectus.
Enquiries:
Wichford P.L.C.
Philippe de Nicolay 00 33 1 40 74 42 79
Wichford Property Management Ltd
Philip Cooper 020 7495 7111
Stephen Oakenfull 020 7811 0100
Evolution Securities Limited 020 7071 4300
Jeremy Ellis / Chris Clarke (Corporate Finance)
Chris Sim / Grant Schaffer (Corporate Broking)
KBC Peel Hunt Ltd 020 7418 8900
David Davies / David Anderson / Oliver Stratton (Corporate Finance)
Marianne Woods / Nicholas Marren (Corporate Broking)
Citigate Dewe Rogerson 020 7638 9571
George Cazenove
Hannah Dean
Disclaimer
The information contained in this announcement has been prepared by Wichford P.L.C. (the "Company") in connection with a fully underwritten rights issue by the Company. This announcement is not a prospectus or any other kind of financial promotion. This announcement is a summary only and should be used solely for information purposes. This announcement does not constitute or form part of, and should not be construed as, an offer, invitation or inducement to purchase or subscribe for any securities in the Company nor shall it or any part of it form the basis of, or be relied upon in connection with, any contract or commitment whatsoever. This announcement does not take into account any recipient's individual objectives, financial situation or needs and all recipients are expressly warned of the requirement to carry out their own due diligence into the Company and this investment opportunity. Recipients should form their own assessment and take independent professional advice on the merits of investment and the legal, regulatory, tax and investment consequences and risks of doing so. Any decision to purchase securities in any proposed offering should be made solely on the basis of publicly available information and the offering documentation.
The distribution of this announcement and other related documents, including the prospectus, may be restricted in jurisdictions other than the United Kingdom. It is the responsibility of each individual recipient to comply with and observe any restrictions as failure to do so may contravene the securities laws of the relevant jurisdiction.
While all reasonable care has been taken to ensure that the facts stated herein are accurate and that the forecasts, opinions and expectations contained herein are fair and reasonable, in each case at the date stated in this announcement, the Company has not verified the contents hereof and, accordingly, the Company nor any of its directors, officers or employees, shall be in any way responsible for the contents hereof, and no reliance should be placed on the accuracy, fairness or completeness of the information contained in this announcement. No person (including the Company and its directors, employees, shareholders, officers, agents or professional advisers) accepts any liability whatsoever for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith. Past performance information contained in this announcement is not an indication of future performance. Any projections, opinions, forecasts, estimates or projected returns herein constitute a judgement as at the date of this announcement and there can be no assurance that future results or events will be consistent with any such projections, opinions, forecasts, estimates or projected returns. Receipt of this announcement does not imply or create any duty or other obligation on the Company to inform recipients as to any amendments, changes or other modifications relating to matters contained in the announcement.
Related Shares:
RDI.L