20th Jan 2005 14:43
AMEC PLC20 January 2005 20 JANUARY 2005 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN AMEC plc ("AMEC") Result of Placing Further to the announcement ("Announcement") made earlier today regarding thePlacing of new ordinary shares ("New Ordinary Shares") in AMEC to support itsincreased acquisition and equity investments programme, including theacquisition of Paragon Engineering Services Inc., the Placing Price and issuesize have now been determined following the successful completion of thebookbuilding process. The Placing Price was set at 300 pence per New Ordinary Share and 30,164,397 NewOrdinary Shares will be issued. Based on the Placing Price, the gross proceeds receivable by AMEC are £90.5million. The New Ordinary Shares being issued represent approximately 9.99 percent of AMEC's issued ordinary share capital prior to the Placing. Application has been made for, and the Placing is conditional on, admission ofthe New Ordinary Shares to listing on the Official List of the UK ListingAuthority and to admission to trading on the London Stock Exchange's main marketfor listed securities. It is expected that admission will become effective anddealings will commence in the New Ordinary Shares on the London Stock Exchangeon 25 January 2005. Sir Peter Mason, Chief Executive, said "We have received a strong level ofsupport from investors for the Placing. With the acquisition of Paragon and ourrecent successes in project investments we now look forward to the next phase ofdevelopment at AMEC." Enquiries to: AMEC plc + 44 (0)20 7634 0000 Analysts/Investors:Sir Peter Mason KBE, Chief ExecutiveStuart Siddall, Finance DirectorNeil Jamieson, Director of Investor Relations Media:Juliet Sychrava, Director of Corporate CommunicationsCharles Reynolds, Head of Media Relations UBS Investment Bank + 44 (0)20 7568 1000 Jonathan BewesChristopher SmithPeter Luck Dresdner Kleinwort Wasserstein + 44 (0)20 7623 8000 Mark SmithCharles BattenAlex Reynolds 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 AMEC plc. UBS Limited and Dresdner Kleinwort Wasserstein Securities Limited are eachacting exclusively for AMEC plc in connection with the Placing and no-one elseand will not be responsible to anyone other than AMEC plc for providing theprotections 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. This announcement does not constitute an offer tosell or issue or the solicitation of an offer to buy or acquire any securitiesin the capital of AMEC in the United States, Canada, Australia or Japan or anyjurisdiction in which such an offer or solicitation is unlawful and should notbe relied upon in connection with any decision to acquire the New OrdinaryShares or any other securities in the capital of AMEC. The New Ordinary Shareshave not been and will not be registered under the US Securities Act of 1933 asamended (the "Securities Act") or under the securities laws of any state of theUnited States and may not be offered or sold within the United States unlessthey are registered with the US Securities and Exchange Commission or anexemption from registration is available. No public offering of the New OrdinaryShares will be made in the United States. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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