12th Jul 2006 11:50
Big Yellow Group PLC12 July 2006 THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION,RELEASE OR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR THE UNITED STATES Big Yellow Group PLC ("Big Yellow" or the "Company") Results of Placing (the "Placing") Big Yellow is pleased to announce the successful completion of the Bookbuildreferred to in the Placing announcement made earlier today. A total of9,100,000 new ordinary shares of 10 pence each ("Placing Shares") have beenplaced, by JPMorgan Cazenove Limited, with institutions at a price of 400 penceper share, raising approximately £36.4 million before expenses. The PlacingShares represent approximately 8.85% of Big Yellow's issued share capital priorto the Placing. The Placing Shares will be issued credited as fully paid and will rank equallyin all respects with Big Yellow's existing ordinary shares, including the rightto receive all future dividends and other distributions after the date of issueof the Placing Shares. The Placing is conditional, inter alia, on admission of the Placing Shares tothe Official List of the Financial Services Authority and to trading on theLondon Stock Exchange's market for listed securities (together "Admission"). Application has been made for Admission and it is expected that settlement willoccur, Admission will be come effective and dealings in the Placing Shares willcommence at 8.00 a.m. on 17 July 2006. ENQUIRIES: Big Yellow Tel: +44 (0)1276 477811Nicholas VetchJimmy Gibson JPMorgan Cazenove Tel: +44 (0)20 7588 2828Richard CottonRobert FowldsShona GrahamRoger Clarke This announcement is for information purposes only and does not constitute anoffer or invitation to acquire or dispose of any securities or investment advicein any jurisdiction. JPMorgan Cazenove Limited, which is authorised and regulated by the FinancialServices Authority, is acting exclusively for Big Yellow and no one else inconnection with the Placing and will not be responsible to anyone other than theCompany for providing the protections afforded to customers of JPMorgan CazenoveLimited or for providing advice in relation to the Placing. Past performance is no guide to future performance and persons needing adviceshould consult an independent financial adviser. The information contained in this announcement is not for release, publicationor distribution, directly or indirectly, to persons in the United States. Thisannouncement is not an offer of securities for sale into the United States. ThePlacing Shares have not been and will not be registered under the US SecuritiesAct of 1933, as amended, and may not be offered or sold, directly or indirectly,in the United States absent registration or an exemption from registration.There will be no public offering of securities in the United States. The PlacingShares have not been and will not be registered with any regulatory authority ofany state within the United States. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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