19th Jan 2006 16:30
Insight Foundation Property Tst Ltd19 January 2006 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES,CANADA, AUSTRALIA OR JAPAN. Insight Foundation Property Trust Limited 19 January 2006 SALE OF SHARES This announcement appears as a matter of record only. The bookbuilding process in connection with the placing (the "Placing") byJPMorgan Cazenove Limited ("JPMorgan Cazenove") on behalf of Clerical MedicalInvestment Group Limited ("CMIG"), of existing ordinary shares in InsightFoundation Property Trust Limited ("IFPT"), which was announced on 19 January2006, has now closed. An aggregate of 80,000,000 shares in IFPT (amounting to 22.6 per cent of theissued share capital of IFPT) was placed in the Placing at a price of 115p pershare and will be settled on 24 January 2006. As a result of this sale, CMIGholds 23,000,000 Shares representing 6.5 per cent. of the issued share capitalof IFPT. Enquiries: Duncan Owen (Insight Investment Management) 020 7321 1677 Richard Cotton (JPMorgan Cazenove) 020 7588 2828 Angus Gordon Lennox (JPMorgan Cazenove) 020 7588 2828 This announcement is for information purposes only and does not constitute anoffer or an invitation to acquire or dispose of any securities. This announcement is not for distribution directly or indirectly in or into theUnited States, Canada, Australia or Japan. This announcement does not constitutean offer to sell or issue or the solicitation of an offer to buy or acquireordinary shares in the capital of IFPT in the United States, Canada, Australiaor Japan or any jurisdiction in which such an offer or solicitation is unlawful.The ordinary shares in IFPT referred to in this announcement have not been andwill not be registered under the Securities Act of 1933 and may not be offeredor sold within the United States absent registration or an exemption fromregistration. No public offering of securities will be made in the UnitedKingdom, the United States, Canada, Australia, Japan or elsewhere. This announcement has been issued on behalf of CMIG by JPMorgan Cazenove who areregulated in the United Kingdom by the Financial Services Authority and does notconstitute an offer to sell or a solicitation of an offer to purchase anysecurities. JPMorgan Cazenove are acting exclusively for CMIG and no one else inconnection with the Placing and will not be responsible to anyone other thanCMIG for providing the protections afforded to clients of JPMorgan Cazenove norfor providing any advice in relation to the Placing or any other mattersreferred to in this press announcement. END This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Schroder Real