6th May 2008 11:06
Aberdeen Asset Management PLC06 May 2008 NOT FOR DISTRIBUTION OR TRANSMISSION, DIRECTLY OR INDIRECTLY, IN OR INTO THEUNITED STATES, CANADA, AUSTRALIA, JAPAN, JERSEY, THE REPUBLIC OF IRELAND OR THEREPUBLIC OF SOUTH AFRICA 6 May 2008 ABERDEEN ASSET MANAGEMENT PLC Result of Equity Placing Aberdeen Asset Management PLC ("Aberdeen" or the "Company") is pleased toannounce the successful completion of the placing announced (the "Announcement")earlier today (the "Placing"). A total of 65,100,000 new ordinary shares of 10p each in Aberdeen (the "PlacingShares") have been placed by JPMorgan Cazenove Limited ("JPMC") at a price of150p per Placing Share, raising gross proceeds of £97.65 million. The PlacingShares being issued represent just below 10 per cent. of Aberdeen's issuedordinary share capital prior to the Placing. The Placing Shares will rank paripassu with the existing ordinary shares of Aberdeen. Concurrent with the Placing, approximately 11 million ordinary shares of 10p pershare of Aberdeen were also placed by JPMC at a price of 150p per share, onbehalf of certain employees to whom ordinary shares granted under long-termincentive plans have vested, following satisfaction of all conditions. Application will be made to the Financial Services Authority for admission ofthe Placing Shares to the Official List of the Financial Services Authority andto London Stock Exchange plc (the "LSE") for admission to trading of the PlacingShares on the LSE's main market for listed securities (together, "Admission").The Placing is conditional on Admission which is expected to take place on orbefore 9 May 2008 and it is expected that dealings in the Placing Shares on theLSE's main market for listed securities will commence at the same time. EnquiriesAberdeen Tel: 020 7463 6000Martin Gilbert/Bill Rattray JPMorgan Cazenove Tel: 020 7588 2828Ian Hannam/James Wood-Collins/Neil Haycock Maitland Tel: 020 7379 5151Neil Bennett Tel: 07900 000 777Charlotte Walsh Tel: 07813 889 660Victoria Trench Tel: 07799 132 634 NotesThis announcement is not for distribution directly or indirectly in or into theUnited States of America (including its territories and possessions, any Stateof the United States and the District of Columbia), Canada, Australia, Japan,Jersey, the Republic of Ireland or the Republic of South Africa or anyjurisdiction into which the same would be unlawful. The Placing Shares have notbeen and will not be registered under the United States Securities Act of 1933,as amended (the "Securities Act") or under the laws of any State of the UnitedStates and may not be offered or sold, directly or indirectly, within or intothe United States absent registration or an exemption from registration.Purchasers are hereby notified that sellers of the Placing Shares may be relyingon the exemption from the provisions of Section 5 of the Securities Act providedby Rule 144A. The Placing Shares are being offered and sold outside the UnitedStates in accordance with Regulation S of the Securities Act. No public offeringof securities will be made in the United Kingdom, the United States orelsewhere. In member states of the European Economic Area ("EEA") which have implementedthe Prospectus Directive (Directive 2003/71/EC) (the "Prospectus Directive")(each a "Relevant Member State"), this announcement is only addressed to anddirected at persons who are 'qualified investors' within the meaning of Article2(1)(e) of the Prospectus Directive ("Qualified Investors"). Any person in theEEA who initially acquires any securities in the Placing or to whom any offer ofsecurities is made will be deemed to have acknowledged and agreed that they aresuch a Qualified Investor. In the case of any securities acquired by a financial intermediary as that termis used in Article 3(2) of the Prospectus Directive, such financial intermediarywill also be deemed to have represented, acknowledged and agreed that thesecurities acquired by it in the Placing have not been acquired on anon-discretionary basis on behalf of, nor have they have been acquired with aview to their offer or resale to, persons in circumstances which may give riseto an offer of securities to the public other than their offer or resale in aRelevant Member State to Qualified Investors or in circumstances in which theprior consent of JPMC, in the case of the Placing Shares, has been obtained toeach such proposed offer or resale. In the United Kingdom, this announcement is only addressed to QualifiedInvestors who are persons (i) who have professional experience in mattersrelating to investments falling within Article 19(5) (investment professionals)of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005(as amended) (the "Order") or (ii) falling within Article 49(2)(a) to (d) (highnet worth companies, incorporated associations, etc.) of the Order; and (c)other persons to whom it may otherwise lawfully be communicated (such personstogether being referred to as "FPO Persons"). No prospectus has been or will be published in connection with the Placing. This announcement is for information only and does not constitute an offer orinvitation to acquire or dispose of any securities or investment advice in anyjurisdiction and should not be relied upon in connection with any decision toacquire the Placing Shares or other securities in the capital of the Company.Past performance is no guide to future performance and persons needing adviceshould consult an independent financial adviser. This announcement has been issued by and is the sole responsibility of theCompany. No representation or warranty express or implied, is or will be made asto, or in relation to, and no responsibility or liability is or will be acceptedby JPMC or by any of its affiliates or agents as to or in relation to, theaccuracy or completeness of this announcement or any other written or oralinformation made available to or publicly available to any interested party orits advisers, and any liability therefore is expressly disclaimed. JPMC is acting for the Company in connection with the Placing and no one elseand will not be responsible to anyone other than the Company for providing theprotections afforded to clients of JPMC nor for providing advice in relation tothe Placing. Landsbanki Securities (UK) Limited is acting for the Company in connection withthe Placing and no one else and will not be responsible to anyone other than theCompany for providing the protections afforded to clients of LandsbankiSecurities (UK) Limited nor for providing advice in relation to the Placing. The distribution of this announcement and the offering of the Placing Shares incertain jurisdictions may be restricted by law. No action has been taken by theCompany or JPMC that would permit an offering of such shares or possession ordistribution of this announcement or any other offering or publicity materialrelating to such shares in any jurisdiction where action for that purpose isrequired. Persons into whose possession this announcement comes are required bythe Company and JPMC to inform themselves about, and to observe, any suchrestrictions. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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