7th Mar 2005 14:50
BAE SYSTEMS PLC07 March 2005 Not for release, publication or distribution in or into the United States, Canada, Australia, Japan or the Republic of Ireland. BAE SYSTEMS PLC - RESULT OF PLACING 7 March 2005 BAE Systems plc ("BAE Systems") is pleased to announce the successful completionof the placing (the "Placing") announced earlier today. A total of 150 millionnew ordinary shares of 2.5 pence each (the "Placing Shares") have been placed byHoare Govett Limited and Dresdner Kleinwort Wasserstein Securities Limited at aprice of 240 pence per Placing Share, raising £360 million before expenses. The Placing Shares will be issued credited as fully paid and will rank paripassu in all respects with BAE System's existing ordinary shares, including theright to receive all dividends and other distributions declared, made or paidafter the date of issue. Application has been made for, and the Placing is conditional on, inter alia,admission of the Placing Shares to listing on the Official List of the UKListing Authority and to being admitted to trading on the London Stock Exchangeplc's market for listed securities (together "Admission"). It is expected thatsettlement will occur, Admission will become effective and dealings in thePlacing Shares will commence on 10 March 2005. Enquiries to: BAE SystemsCharlotte Lambkin (Group Communications Director) Tel: +44 1252 383 836Andy Wrathall (Investor relations) Tel: +44 1252 383 820Richard Coltart (Press relations) Tel: +44 1252 384 875 Hoare Govett LimitedPeter Meinertzhagen Tel: +44 20 7678 8000Bob PringleAlex Carter Dresdner Kleinwort Wasserstein Securities LimitedJonathan Roe Tel: +44 20 7623 8000Angus Kerr This announcement has been issued by and is the sole responsibility of BAESystems. Hoare Govett Limited and Dresdner Kleinwort Wasserstein Securities Limited, eachof which is authorised and regulated by the Financial Services Authority, areeach acting exclusively for BAE Systems in connection with the Placing andno-one else and will not be responsible to anyone other than BAE Systems forproviding the protections afforded to their respective clients, or for givingadvice in relation to the Placing or any other matter referred to in this pressannouncement. 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. This announcement does not constitute an offer to sell orissue or the solicitation of an offer to buy or acquire any securities in thecapital of BAE Systems in the United States, Canada, Australia, Japan or theRepublic of Ireland or any jurisdiction in which such an offer or solicitationis unlawful and should not be relied upon in connection with any decision toacquire the Placing Shares or any other securities in the capital of BAESystems. The Placing Shares have not been and will not be registered under the USSecurities Act of 1933 as amended (the "Securities Act") or under the securitieslaws of any state of the United States and may not be offered or sold within theUnited States unless they are registered with the US Securities and ExchangeCommission or an exemption from registration is available. No public offering ofthe Placing Shares will be made in the United States. END This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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