13th Dec 2007 11:19
Aricom PLC13 December 2007 Press Release 13 December 2007 THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION,RELEASE OR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA, THERUSSIAN FEDERATION OR THE UNITED STATES Aricom plc ("Aricom" or "the Group" or "the Company") Result of Vendor Placing Aricom plc (LSE: ORE, OREW), the Anglo-Russian developer of mineral resources,today announces that a total of 42,750,000 Placing Shares have been successfullyplaced by way of a placing by JPMorgan Cazenove Limited as Sole Bookrunner andCanaccord Adams Limited and JPMorgan Cazenove (jointly the 'Managers') at aprice of 75 pence per Share, raising approximately £33,062,500 (before expenses)which will conditionally be paid to the vendors. - Ends - For further information:Aricom plcJay Hambro, Chief Executive +44 (0) 20 7201 8939 www.aricom.plc.ukAbchurch Charlie Jack / George Parker +44 (0) 20 7398 7700 www.abchurch-group.comJPMorgan CazenoveIan Hannam / Patrick Magee / Joe Seifert +44 (0) 20 7588 2828 www.jpmorgancazenove.comCanaccordAdams LimitedMike Jones / Robert Finlay / Chris Bowman +44 (0) 20 7050 6500 www.canaccordadams.com The Placing Shares will be issued credited as fully paid and will rank paripassu in all respects with Aricom's existing ordinary shares, including theright to receive all future dividends and other distributions declared, made orpaid after the date of issue of the Placing Shares. Application will be made for admission of the Placing Shares to the OfficialList of the UK Listing Authority and to trading on the Main Market of the LondonStock Exchange. It is expected that Admission will become effective and dealingsin the Placing Shares will commence at 8.00 a.m. on 18 December 2007. The Placing is conditional, inter alia, upon Admission becoming effective on 18December 2007 (or such later date as the Joint Bookrunners and Aricom may agree,being no later than 21 December 2007) and on no force majeure event havingoccurred before Admission. The Placing is not conditional on the acquisition of shares in Lapwing Limitedcompleting and in the event that such acquisition does not complete onAdmission, the Placing will proceed as a cash placing. If the acquisition ofshares in Lapwing Limited subsequently does complete, the proceeds will fundsome or all of the cash consideration payable thereunder, failing which it willbe used for other value adding opportunities. JPMorgan Cazenove are acting as Sole Bookrunner on the Placing. JPMorgan Cazenove and Canaccord are acting as Joint Lead Managers on thePlacing. Terms defined in this morning's announcement of the Placing have, unless thecontext otherwise requires, the same meanings when used in this announcement. This announcement does not constitute an invitation to underwrite, subscribe foror otherwise acquire or dispose of any ordinary shares or warrants in thecapital of the Company ('Aricom Securities'). Past performance is no guide tofuture performance and any investment decision to buy Placing Shares must bemade solely on the basis of Publicly Available Information (as defined in theAppendix to this morning's announcement of the Placing). Persons needing adviceshould consult an independent financial adviser who specialises in advising inconnection with shares and other securities. This announcement is not for publication or distribution, directly orindirectly, in or into the United States. This announcement is for informationonly and does not constitute an offer or invitation to acquire or dispose ofAricom Securities in the United States. The Aricom Securities have not been andwill not be registered under the U.S. Securities Act of 1933, as amended, (the'Securities Act') and may not be offered or sold in the United States exceptpursuant to an exemption from, or in a transaction not subject to, theregistration requirements of the Securities Act. There will be no public offerof Aricom Securities in the United States, the United Kingdom or elsewhere. The distribution of this announcement and the offering or sale of the AricomSecurities in certain jurisdictions may be restricted by law. Further details inrelation to the securities laws in certain jurisdictions are set out under theheading 'General' in the Appendix to this morning's announcement of the Placing.No action has been taken by the Company, JPMorgan Cazenove or Canaccord thatwould permit an offering of such ordinary shares or possession or distributionof this announcement or any other offering or publicity material relating tosuch ordinary shares in any jurisdiction where action for that purpose isrequired. Persons into whose possession this announcement comes are required bythe Company, JPMorgan Cazenove and Canaccord to inform themselves about and toobserve any such restrictions. No representation or warranty, express or implied, is or will be made as to, orin relation to, and no responsibility or liability is or will be accepted byJPMorgan Cazenove or Canaccord or by any of their affiliates or agents as to orin relation to, the accuracy or completeness of this announcement, or any otherwritten or oral information made available to or publicly available to anyinterested party or its advisers and any liability therefore is hereby expresslydisclaimed. JPMorgan Cazenove, which is authorised and regulated by the FSA, is acting forAricom in connection with the Placing and no one else and will not beresponsible to anyone other than Aricom for providing the protections affordedto clients of JPMorgan Cazenove nor for providing advice in relation to thePlacing. Canaccord Adams, which is authorised and regulated by the FSA, is acting forAricom in connection with the Placing and no one else and will not beresponsible to anyone other than Aricom for providing the protections affordedto clients of Canaccord Adams nor for providing advice in relation to thePlacing. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Orogen Gold