4th Jun 2009 07:30
NOT FOR RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, JAPAN, AUSTRALIA OR SOUTH AFRICA
4 June 2009
DSG international plc ("DSGi")
RESULTS OF RIGHTS ISSUE
DSGi announces that on 3 June 2009, being the latest date for receipt of valid acceptances, it has received valid acceptances in respect of 1,461,216,703 new ordinary shares of 2.5 pence in the capital of the Company (the "New Shares"), representing approximately 97.1 per cent. of the total number of New Shares offered to Shareholders pursuant to the 5 for 7 rights issue announced by DSGi on 30 April 2009 (the "Rights Issue").
In accordance with the arrangements set out in Part III of the Rights Issue prospectus dated 30 April 2009 (the "Prospectus"), Citigroup Global Markets U.K. Equity Limited and J.P. Morgan Cazenove Limited, acting as Joint Bookrunners, will be seeking to procure subscribers for the remaining 42,908,726 New Shares for which valid acceptances were not received, failing which the Joint Underwriters and the Joint Lead Managers have agreed severally to subscribe themselves for those New Shares. A further announcement as to the number of New Shares for which subscribers have been procured will be made in due course.
Contacts
For further information, please contact:
DSG international plc:
David Lloyd-Seed, Group Director of Communications +44 (0)17 2720 5065
DISCLAIMER
This announcement is not a prospectus and does not constitute an offer to sell, or a solicitation of an offer to subscribe for any securities being issued in connection with the Rights Issue (the "Securities") in any jurisdiction in which such offer or solicitation is unlawful.
These materials are not for distribution, directly or indirectly, in or into the United States, Australia, Japan, or South Africa. These materials do not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States.
The Securities have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act") or under any securities laws of any state or other jurisdiction of the United States and may not be offered, sold, taken up, exercised, resold, renounced, transferred or delivered, directly or indirectly, within the United States except pursuant to an applicable exemption from the registration requirements of the US Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States. There will be no public offer of any of the Securities in the United States.
The Securities have not been and will not be registered under the securities laws of Australia, Japan or South Africa and may not be offered, sold, taken up, exercised, resold, renounced, transferred or delivered, directly or indirectly, within such jurisdictions except pursuant to an applicable exemption from and in compliance with any applicable securities laws. There will be no public offer in any of Australia, Japan or South Africa.
Neither the content of DSGi's website nor any website accessible by hyperlinks on DSGi's website is incorporated in, or forms part of, this announcement.
The distribution of this announcement or the Prospectus and/or the transfer of any of the Securities into jurisdictions other than the United Kingdom may be restricted by law. Persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
Citi, J.P. Morgan Cazenove Limited, J.P. Morgan Securities Ltd., Rothschild, Barclays Bank PLC, BNP PARIBAS, HSBC Bank plc and RBS Hoare Govett Limited, each of which is authorised and regulated in the United Kingdom by the FSA, are acting exclusively for the Company and no one else in connection with the Rights Issue and will not regard any other person (whether or not a recipient of this announcement) as a client in relation to the Rights Issue and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients or for providing advice in relation to the Rights Issue or any matters referred to in this announcement.
Apart from the responsibilities and liabilities, if any, which may be imposed on Citi, J.P. Morgan Cazenove Limited, J.P. Morgan Securities Ltd., Rothschild, Barclays Bank PLC, BNP PARIBAS, HSBC Bank plc and RBS Hoare Govett Limited by the FSMA, each of Citi, J.P. Morgan Cazenove Limited, J.P. Morgan Securities Ltd., Rothschild, Barclays Bank PLC, BNP PARIBAS, HSBC Bank plc and RBS Hoare Govett Limited accepts no responsibility whatsoever for, and makes no representation or warranty, express or implied, in relation to, the contents of this announcement (including its accuracy, completeness or verification) or any other statement made or purported to be made by it, or on its behalf, in connection with the Company, the Securities or the Rights Issue. Each of Citi, J.P. Morgan Cazenove Limited, J.P. Morgan Securities Ltd., Rothschild, Barclays Bank PLC, BNP PARIBAS, HSBC Bank plc and RBS Hoare Govett Limited accordingly disclaims to the fullest extent permitted by law all and any responsibility and liability, whether arising in tort, contract or otherwise (save as referred to above), which it might otherwise have in respect of this announcement or any such statement.
Capitalised terms used, but not defined, in this announcement shall have the same meanings as given to them in the Prospectus.
Related Shares:
DXNS.L