24th Feb 2005 15:59
Insight Foundation Property Tst Ltd24 February 2005 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES,CANADA, AUSTRALIA OR JAPAN. Insight Foundation Property Trust Limited 24 February 2005 SALE OF SHARES This announcement appears as a matter of record only. The bookbuilding process in connection with the placing (the "Placing") byCazenove & Co. Ltd ("Cazenove") on behalf of Clerical Medical Investment GroupLimited ("CMIG"), of existing ordinary shares in Insight Foundation PropertyTrust Limited ("IFPT"), which was announced on 24 February 2005, has now closed. An aggregate of 50,000,000 million shares in IFPT (amounting to 19.23 per centof the issued share capital of IFPT) were placed at a price of 108p per shareand will be settled on 1 March 2005. As a result of this sale, CMIG holds110,000,000 Shares representing 42.31 per cent. of the issued share capital ofIFPT. Enquiries: Duncan Owen (Insight Investment Management) 0207 321 1677 Richard Cotton (Cazenove & Co. Ltd) 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 and may not be offered or soldwithin the United States absent registration or an exemption from registration.No public offering of securities will be made in the United Kingdom, the UnitedStates, Canada, Australia, Japan or elsewhere. This announcement has been issued on behalf of CMIG by Cazenove & Co. Ltd whoare regulated in the United Kingdom by the Financial Services Authority and doesnot constitute an offer to sell or a solicitation of an offer to purchase anysecurities. Cazenove & Co. Ltd are acting exclusively for CMIG and no one elsein connection with the Placing and will not be responsible to anyone other thanCMIG for providing the protections afforded to clients of Cazenove & Co. Ltd 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