9th Jul 2009 10:27
9 July 2009
Hansteen Holdings PLC ("Hansteen" or the "Company")
RESULT OF GENERAL MEETING
On 23 June 2009, Hansteen announced a share issue to raise gross proceeds of £200.8 million (approximately £194.6 million net of expenses) through the issue of 267,768,451 New Ordinary Shares by way of a placing and open offer at a price of 75p per New Ordinary Share, fully underwritten by KBC Peel Hunt. The Placing and Open Offer consists of the Firm Placing of 89,333,334 Firm Placed Shares, the Open Offer of 178,435,117 Open Offer Shares and the conditional placing of the Open Offer Shares. The Placing and Open Offer are conditional, amongst other things, on the approval of Shareholders.
Hansteen is pleased to announce that, at the General Meeting, which was held at 10.00 a.m. today, the Resolutions to grant, amongst other things, the authorities and powers in connection with the Placing and Open Offer were duly passed without amendment. The full text of the Resolutions and the notice convening the General Meeting are set out in the Prospectus published by the Company on 23 June 2009.
The Placing and Open Offer remain conditional upon the Placing Agreement becoming unconditional in all respects and Admission. It is expected that Admission will become effective, and dealings in the New Ordinary Shares will commence, at 8.00 a.m. on 10 July 2009.
New Ordinary Shares in uncertificated form are expected to be credited to CREST accounts by 8.00 a.m. on 10 July 2009 and definitive share certificates for the New Ordinary Shares in certificated form are expected to be dispatched by 24 July 2009.
The Enlarged Share Capital of Hansteen following Admission will be 446,203,568 Ordinary Shares in aggregate.
ENQUIRIES:
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Hansteen Holdings plc |
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Morgan Jones / Ian Watson |
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Tel: 020 7016 8820 |
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KBC Peel Hunt Ltd |
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Nominated Adviser, Broker & Underwriter |
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David Davies / Matt Goode (Corporate Finance) |
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Marianne Woods (Corporate Broking) |
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Tel: 020 7418 8900 |
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Tavistock Communications |
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Jeremy Carey |
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Tel: 020 7920 3150 |
Capitalised terms used, but not defined, in this announcement have the same meanings as given to them in the Prospectus published by the Company dated 23 June 2009 unless the context requires otherwise.
This announcement should be read in conjunction with the full text of the Prospectus published by Hansteen on 23 June 2009. The Prospectus is available to view at the UKLA's Document Viewing Facility, which is situated at Financial Services Authority, 25 North Colonnade, Canary Wharf, London E14 5HS. In addition, the Prospectus is available to view on the Company's website (www.hansteen.co.uk), and is available for inspection at the offices of Jones Day, 21 Tudor Street, London EC4Y 0DJ during usual business hours on any weekday (Saturdays, Sundays and public holidays excepted).
Related Shares:
HSTN.L