18th Aug 2005 07:00
Hunting PLC18 August 2005 NOT FOR DISTRIBUTION OR TRANSMISSION, DIRECTLY OR INDIRECTLY, IN OR INTO THEUNITED STATES, CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF IRELAND OR THE REPUBLICOF SOUTH AFRICA. For immediate release 18 August 2005 Hunting PLC ("Hunting") Rights Issue - successful placement of the Rights Issue rump Following the announcement on 17 August 2005 regarding valid acceptances underthe Rights Issue, Hunting announces that Hoare Govett has procured subscribersfor the 641,258 New Ordinary Shares for which valid acceptances were notreceived, at a price of 270p per share. The net proceeds, after the deduction of the issue price of 180p per share andthe expenses of procuring subscribers (including any related value added tax),will be paid pro rata to those persons whose rights have lapsed in accordancewith the terms of the Rights Issue. Accordingly, sub-underwriters will not be required to subscribe for any NewOrdinary Shares. Certain terms used in this announcement are defined and have the same meaning asin the Prospectus dated 1 July 2005. All references to time in this announcementare to London time. Enquiries: Hunting PLCDennis Proctor 001 281 442 7382Dennis Clark 020 7321 0123 Close Brothers 020 7655 3100Andrew CunninghamJack Newall Hoare Govett 020 7678 8000Andrew FosterBertie Whitehead The Hogarth Partnership 020 7357 9477Andrew JaquesEdward Westropp Close Brothers Corporate Finance Limited ("Close Brothers"), which is regulatedin the United Kingdom by The Financial Services Authority, is acting exclusivelyfor Hunting and for no one else in relation to the Rights Issue and will not beresponsible to anyone other than Hunting for providing the protections affordedto customers of Close Brothers or for providing advice in relation to the RightsIssue. Hoare Govett Limited ("Hoare Govett"), which is regulated in the United Kingdomby The Financial Services Authority, is acting exclusively for Hunting and forno one else in relation to the Rights Issue and will not be responsible toanyone other than Hunting for providing the protections afforded to customers ofHoare Govett or for providing advice in relation to the Rights Issue. The release, publication or distribution of this announcement in certainjurisdictions may be restricted by law and therefore persons in suchjurisdictions into which this announcement is released, published or distributedshould inform themselves about and observe such restrictions. THIS ANNOUNCEMENT DOES NOT CONSTITUTE, OR FORM PART OF, AN OFFER TO SELL OR THESOLICITATION OF AN OFFER TO SUBSCRIBE FOR OR BUY ANY SECURITIES, NOR THESOLICITATION OF ANY VOTE OR APPROVAL IN ANY JURISDICTION, NOR SHALL THERE BE ANYSALE, ISSUE OR TRANSFER OF THE SECURITIES REFERRED TO IN THIS ANNOUNCEMENT INANY JURISDICTION IN CONTRAVENTION OF APPLICABLE LAW. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Hunting