28th Mar 2006 13:34
White Young Green PLC28 March 2006 White Young Green PLC ("White Young Green" or the "Company") 28 March 2006 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 Result of placing (the "Placing") White Young Green is pleased to announce the successful completion of thePlacing announced earlier today. A total of 2,000,000 new ordinary shares offive pence each ("Placing Shares") have been placed, by Hoare Govett Limited,with institutions at a price of 370 pence per share, raising approximately £7.4million before expenses. The Placing Shares will be issued credited as fully paid and will rank paripassu in all respects with the existing ordinary shares of White Young Green,including the right to receive any future dividends and other distributions.The Placing is conditional, inter alia, on admission of the Placing Shares tothe Official List of the Financial Services Authority and to trading on theLondon Stock Exchange (together "Admission"). Application has been made for Admission and it is expected that settlement willoccur, Admission will become effective and dealings in the Placing Shares willcommence on 31 March 2006. Enquiries: White Young Green PLC John Purvis 0113 2192202 Bob Hartley 0113 2192238 Hoare Govett Limited Corporate Broking Antonia Rowan 020 7678 8000 Syndicate John MacGowan 020 7678 1084 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. Past performance is no guide to future performance and persons needing adviceshould consult an independent financial adviser. Hoare Govett Limited, which is authorised and regulated by the FinancialServices Authority, is acting exclusively for White Young Green and for no oneelse solely in connection with the Placing and will not be responsible to anyoneother than White Young Green for providing the protections afforded to thecustomers of Hoare Govett Limited or for providing advice in relation to thePlacing. Hoare Govett Limited can be contacted at 250 Bishopsgate, London EC2M4AA. The information contained in this announcement is not for release, publicationor distribution, directly or indirectly, to persons in the United States. Thisannouncement is not an offer of securities for sale into the United States. ThePlacing Shares have not been and will not be registered under the US SecuritiesAct of 1933, as amended and may not be offered or sold, directly or indirectly,in the United States absent registration or an exemption from registration.There will be no public offering of securities in the United States. The PlacingShares have not been and will not be registered with any regulatory authority ofany State within the United States. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
WYG