21st Dec 2011 15:58
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (DIRECTLY OR INDIRECTLY) IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES, CANADA, JAPAN, AUSTRALIA OR THE REPUBLIC OF SOUTH AFRICA, OR ANY OTHER JURISDICTION WHERE TO DO THE SAME WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.
Assura Group Limited
("Assura" or the "Company")
RESULT OF RUMP PLACEMENT
Following the announcement earlier today regarding valid acceptances under the fully underwritten Rights Issue announced by Assura on 23 November 2011, the Company now announces that Investec and Cenkos have informed the Company that it has not been possible to procure subscribers in accordance with the Underwriting Agreement for the 22,439,401 New Assura Shares for which valid acceptances were not received at a price which exceeds the aggregate of the Issue Price and related expenses of procuring such subscribers (including any value added tax thereon).
Accordingly, the Underwriter and sub-underwriters will be subscribing for the remaining 22,439,401 New Assura Shares, representing approximately 19.1 per cent. of the total number of New Assura Shares offered to Shareholders, at the Issue Price of 30 pence per share.
The Underwriter intends to manage its own positions in an orderly manner.
Definitions used in this announcement have the same meaning as those used in the announcement of 23 November 2011.
For further information, please contact:
Enquiries:
Assura Group Limited 01925 420 690
Simon Laffin, Non-executive Chairman
Nigel Rawlings, CEO
Cenkos Securities plc 020 7397 8900
Ian Soanes
Adrian Hargrave
Investec Bank plc 020 7597 5970
Gary Clarence
Patrick Robb
Daniel Adams
FTI Consulting 020 7831 3113
Ben Atwell
Stephanie Cuthbert
Related Shares:
Assura