17th Nov 2005 11:16
Unite Group PLC17 November 2005 17 November 2005 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN This press release does not represent an offer of securities for sale in theUnited States, and the securities may not be offered in the United States absentregistration or an exemption from registration. Members of the public are noteligible to take part in the Placing. This press release (including the termsand conditions in the appendix attached) is directed only at InvestmentProfessionals (as defined in article 19(5) of the Financial Services and MarketsAct 2000 (Financial Promotion) Order 2005 (the "Order") or persons who fallwithin article 49(2)(a) to (d) ("high net worth companies, unincorporatedassociations, etc") of the Order. This announcement, the appendix and the termsand conditions set out in the appendix must not be acted on or relied on bypersons who are not either Investment Professionals or persons who fall withinarticle 49(2)(a) to (d) of the Order. The UNITE Group plc ("UNITE") Result of placing Further to the announcement ("Announcement") made earlier today regarding thePlacing of new ordinary shares ("New Ordinary Shares") in UNITE, the PlacingPrice and issue size have now been determined following the successfulcompletion of the bookbuilding process. The Placing Price was set at 330 pence per New Ordinary Share and 9,393,939 NewOrdinary Shares will be issued. Based on the Placing Price, the gross proceeds receivable by UNITE are £31million. The New Ordinary Shares being issued represent approximately 8.4 percent of UNITE's issued ordinary share capital prior to the Placing. Application has been made for, and the Placing is conditional on, inter alia,admission of the New Ordinary Shares to listing on the Official List of the UKListing Authority and to admission to trading on the London Stock Exchange'smain market for listed securities. It is expected that admission will becomeeffective and dealings will commence in the New Ordinary Shares on the LondonStock Exchange on 22 November 2005. Nicholas Porter, Chief Executive, said "We have been pleased by the positive response to the placing which leaves UNITEwell positioned to take advantage of further growth opportunities in our market." Enquiries to: The UNITE Group plc + 44 (0)117 907 8100 Nicholas Porter, Chief ExecutiveMark Allan, Chief Financial Officer UBS Investment Bank + 44 (0)20 7567 8000 Adrian Haxby, Managing DirectorChristopher Smith, Managing DirectorJames Geary, Executive Director Redleaf Communications + 44 (0)207 955 1410 Emma KaneWendy Timmons 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 and is the sole responsibility of UNITE. UBS Limited is acting exclusively for UNITE in connection with the Placing andno-one else and will not be responsible to anyone other than UNITE for providingthe protections afforded to their respective clients, or for giving advice inrelation 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 an invitation to acquire or dispose of any securities or investmentadvice in any jurisdiction. Without limitation to the foregoing, thisannouncement does not constitute an offer to sell or issue or the solicitationof an offer to buy or acquire any securities in the capital of UNITE in theUnited States, Canada, Australia or Japan or any jurisdiction in which such anoffer or solicitation is unlawful and should not be relied upon in connectionwith any decision to acquire the New Ordinary Shares or any other securities inthe capital of UNITE. The New Ordinary Shares have not been and will not beregistered under the US Securities Act of 1933 as amended (the "Securities Act")or under the securities laws of any state of the United States and may not beoffered or sold within the United States unless they are registered with the USSecurities and Exchange Commission or an exemption from registration isavailable. No public offering of the New Ordinary Shares will be made in theUnited States or elsewhere. The distribution of this announcement and the Placing may be restricted by lawin certain other jurisdictions. No action has been taken by UNITE or UBS thatwould permit an offer of the New Ordinary Shares or possession or distributionof this announcement or any other offering or publicity material relating tosuch New Ordinary Shares in any jurisdiction where action for that purpose isrequired. Persons into whose possession this announcement comes are required byUNITE or UBS to inform themselves about and to observe any such restrictions. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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