25th Sep 2006 16:19
Wolseley PLC25 September 2006 THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THEUNITED STATES, CANADA, AUSTRALIA OR JAPAN NEWS RELEASE 25 September 2006 Wolseley plc Results of the Placing of New Ordinary Shares by Wolseley Placing Price set at 1100 pence per New Ordinary Share Wolseley plc ("Wolseley"), the world's largest specialist trade distributor ofplumbing and heating products to professional contractors and a leading supplierof building materials and services is pleased to announce that, further to thismorning's announcement (the "Announcement") regarding the Placing of 59,500,000new ordinary shares of 25 pence each in Wolseley (the "Placing Shares"), thePlacing Shares have, following the successful completion of the bookbuildprocess, been placed by UBS Limited and Hoare Govett Limited at a price of 1100pence per share, raising gross proceeds of approximately £655 million. ThePlacing Shares being issued represent approximately 10 per cent. of Wolseley'sissued ordinary share capital immediately prior to the Placing. The Placing wasunderwritten by UBS Limited and Hoare Govett Limited. Application has been made for, and the Placing is conditional upon, inter alia,admission of the Placing Shares to listing on the Official List of the UKListing Authority and to trading on the London Stock Exchange's market forlisted securities (together, "Admission") becoming effective by 8.00 a.m. on 28September 2006 (or such later time and or date as the Managers and Wolseley mayagree). Subject to these conditions being satisfied, the Placing Shares will beissued credited as fully paid and will rank pari passu in all respects withWolseley's existing ordinary shares, including the right to receive the finaldividend referred to in Wolseley's preliminary results announcement of earliertoday to be paid to shareholders in Wolseley on the register of members at closeof business on 6 October 2006. It is expected that Admission will become effective and dealings in the PlacingShares will commence no later than 8.00 a.m. on 28 September 2006. ENQUIRIES: Investors/Analysts: Guy Stainer +44( 0)118 929 8744Head of Investor Relations +44 (0)7739 778187 John English +1 513 771-9000Director of Investor Relations, North America +1 513 328-4900 Press: Penny Studholme +44 (0)118 929 8886Director of Corporate Communications +44 (0)7860 553 834 Brunswick +44 (0)20 7404 5959 Andrew FenwickNina Coad UBS Investment Bank +44 (0) 20 7567 8000 Tim WaddellChristopher SmithLucy Phillips Hoare Govett +44 (0) 20 7678 8000 Peter MeinertzhagenAntonia RowanJeremy Thompson (syndication) Notes to Editors Wolseley plc is the world's largest specialist trade distributor of plumbing andheating products to professional contractors and a leading supplier of buildingmaterials in North America, the UK and Continental Europe. Group revenues forthe year ended 31 July 2006 were approximately £14.2 billion and operatingprofit, before amortisation of acquired intangibles, was £882 million. Wolseleyhas more than 79,000 employees operating in 22 countries namely: UK, USA, France, Canada, Ireland, Italy, The Netherlands, Switzerland, Austria, CzechRepublic,Hungary, Belgium, Luxembourg, Denmark, Sweden, Finland, Norway, San Marino, Puerto Rico, Panama, Trinidad & Tobago and Mexico. Wolseley islisted on the London and New York Stock Exchanges (LSE: WOS, NYSE: WOS) and isin the FTSE 100 index of listed companies. GENERAL Defined terms in this announcement have, unless the context otherwise requires,the same meaning given to them in the Announcement. This announcement has been issued by Wolseley and is the sole responsibility ofWolseley. UBS is acting for Wolseley and no-one else in connection with the Placing. UBSwill not be responsible to anyone other than Wolseley for providing theprotections afforded to its clients nor for providing advice in relation to thePlacing or any other matter referred to in this announcement. Hoare Govett is acting for Wolseley and no-one else in connection with thePlacing. Hoare Govett will not be responsible to anyone other than Wolseley forproviding the protections afforded to its clients nor for providing advice inrelation to the Placing or any other matter referred to in this announcement. This announcement is for information purposes only and does not constitute anoffer or an invitation to acquire or dispose of any securities or investmentadvice in any jurisdiction. This announcement does not constitute an offer to sell or issue or thesolicitation of an offer to buy or subscribe for securities in the UnitedStates, Canada, Australia or Japan or any jurisdiction in which such offer orsolicitation is unlawful and should not be relied upon in connection with anydecision to acquire the Placing Shares or any other Wolseley securities. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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