13th Jul 2006 11:42
Aviva PLC13 July 2006 News release NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN THIS IS NOT AN OFFER OF SECURITIES FOR SALE INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN 13 JULY 2006 RESULT OF PLACING (THE "PLACING") Aviva plc ("Aviva" or the "Company") is pleased to announce the successfulcompletion of the Placing announced earlier today. A total of 129 million new ordinary shares of £0.25 each (the "New OrdinaryShares") have been placed by JPMorgan Cazenove ("JPMC"), Hoare Govett Limited("Hoare Govett") and Morgan Stanley & Co. International ("Morgan Stanley") withinstitutional and other investors at a price of 700 pence per New OrdinaryShare. Based on the Placing price, the gross proceeds are approximately £900million. The New Ordinary Shares being issued represent approximately 5 per centof Aviva'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 the Official List maintained by the UKListing Authority and to admission to trading by the London Stock Exchange onits market for listed securities (together, "Admission"). It is expected thatAdmission will become effective and that dealings will commence in the NewOrdinary Shares on 18 July 2006. JPMC, Hoare Govett and Morgan Stanley are acting as joint bookrunners andbrokers in relation to the Placing. Enquiries to: Aviva plcPhilip Scott, Group Executive Director +44 (0)20 7662 2264Andrew Moss, Group Finance Director +44 (0)20 7662 2679 Analysts and investorsCharles Barrows, Investor Relations Director +44 (0)20 7662 8115 MediaHayley Stimpson, Director of External Affairs +44 (0)20 7662 7544Rob Bailhache, Financial Dynamics +44 (0)20 7264 7200 JPMorgan Cazenove +44 (0)20 7588 2828Tim WiseConor HilleryJonathan Wilcox Hoare Govett +44 (0)20 7678 8000Peter MeinertzhagenBob CowdellJeremy Thompson Morgan Stanley +44 (0)20 7425 8000Paul BakerHenrik GobelMartyn Dodgson J.P. Morgan Securities Ltd., which is regulated by the Financial ServicesAuthority, is acting for the Company in connection with the Placing and no oneelse and will not be responsible to anyone other than the Company for providingthe protections afforded to the clients of J.P. Morgan Securities Ltd, nor forproviding advice in relation to the Placing. JPMC, which is regulated by the Financial Services Authority, is acting for theCompany in connection with the Placing and no one else and will not beresponsible to anyone other than the Company for providing the protectionsafforded to the clients of JPMC nor for providing advice in relation to thePlacing. Hoare Govett, which is regulated by the Financial Services Authority, is actingfor the Company in connection with the Placing and no one else and will not beresponsible to anyone other than the Company for providing the protectionsafforded to the clients of Hoare Govett nor for providing advice in relation tothe Placing. Morgan Stanley, which is regulated by the Financial Services Authority, isacting for the Company in connection with the Placing and no one else and willnot be responsible to anyone other than the Company for providing theprotections afforded to the clients of Morgan Stanley nor for providing advicein relation to the Placing. This announcement is for information only and, save as set out in the terms andconditions attached, does not constitute an offer or invitation to acquire ordispose of any securities or investment advice in any jurisdiction. The information contained in this announcement is not for release, publicationor distribution, directly or indirectly, to persons in the United States itsterritories or possessions, Canada, Australia or Japan. This announcement is notan offer of securities for sale or issue or the solicitation of an offer to buyor acquire any securities in the capital of the Company in the United States,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 New Ordinary Shares or any other securities in thecapital of the Company. The New Ordinary Shares have not and will not beregistered under the US Securities Act of 1933 , as amended, or under the lawsof any state of the United States and may not be offered or sold directly orindirectly, in the United States absent registration or an exemption fromregistration. There will be no public offering of securities in the UnitedStates, the United Kingdom or anywhere else. The New Ordinary Shares have notand will not be registered with any regulatory authority of any State within theUnited States. This announcement is only addressed to and directed at persons in member statesof the European Economic Area ('EEA') who are 'qualified investors' within themeaning of Article 2(1)(e) of the Prospectus Directive (Directive 2003/71/EC)('Qualified Investors'). Any person in the EEA who initially acquires anysecurities in the Placing or to whom any offer of securities is made will bedeemed to have acknowledged and agreed that they are such a Qualified Investor. In the case of any securities acquired by a financial intermediary as that termis used in Article 3(2) of the Prospectus Directive, such financial intermediarywill also be deemed to have represented, acknowledged and agreed that thesecurities acquired by it in the Placing have not been acquired on anon-discretionary basis on behalf of, nor have they have been acquired with aview to their offer or resale to, persons in circumstances which may give riseto an offer of securities to the public other than their offer or resale in arelevant member state to Qualified Investors or in circumstances in which theprior consent of the Managers has been obtained to each such proposed offer orresale. The Company and the Managers and their respective affiliates, will rely upon thetruth and accuracy of the foregoing representations, acknowledgements andagreements. Past performance is no guide to future performance and persons needing adviceshould consult an independent financial adviser. - ends - This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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