29th Nov 2005 16:49
Asia Energy PLC29 November 2005 Asia Energy PLC 29 November 2005 Cash Placing ("Placing") raises US$52 m before expenses This announcement is not for publication or distribution, directly orindirectly, in or into the United States, Canada, Australia, Japan, France, NewZealand or the Republic of Ireland or any jurisdiction in which such publicationor distribution is unlawful. Further to the announcement by Asia Energy PLC ("Asia Energy") dated 29 November2005 setting out details of a cash placing and following completion of thebookbuilding process, Asia Energy is pleased to announce the placing price andthe number of shares being placed. Asia Energy confirms that a total of 6,740,000 shares have been placed byJPMorgan Cazenove at a price of 450 pence per share, raising approximatelyUS$52m before expenses. Of the total number of shares being placed, 4,143,976shares have been placed firm and 2,596,024 have been placed conditionallysubject to shareholder approval of certain resolutions to be proposed at an EGMwhich has been convened for 22 December 2005. Application for all the shares to be admitted to trading on AIM will be made. It is expected that admission of and settlement for the 4,143,976 shares thathave been placed firm will be on 5 December 2005. It is expected that admission of and settlement for the 2,596,024 shares thathave been placed subject to shareholder approval at the EGM will be on 23December 2005. All the placing shares will be credited as fully paid and will rank pari passuin all respects with the existing Ordinary Shares of 10 pence each, includingthe right to receive all dividends and other distributions declared, made orpaid after the date of issue. Enquiries to: Asia Energy PLC tel: +44 (0)20 7079 1798 David Lenigas - Joint Managing DirectorMichael Frayne - Joint Managing Director JPMorgan Cazenove Limited tel: +44 (0) 20 7588 2828 Michael Wentworth-StanleyJonathan Wilcox Parkgreen Communications tel: +44 20 7493 3713Justine HowarthCathy Malins Important Notice This announcement has been issued by, and is the sole responsibility of Asia Energy plc. Members of the general public are not eligible to take part in the Placing. Inthe United Kingdom, this announcement, in so far as it constitutes an invitationor inducement to participate in the Placing, is directed exclusively at personswho have professional experience in matters relating to investments who fallwithin: (i) article 19(5) (investment professionals) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2001 (as amended) (the "Order") or are persons falling within article 49(2)(a) to (d) (high net worth companies, unincorporated associations etc) of the Order (all such persons together being referred to as 'relevant persons'); and(ii) section 86(7) (Qualified Investors) of Financial Services and Markets Act 2000 This announcement, in so far as it constitutes an invitation or inducement toparticipate in the Placing, must not be acted on or relied on by persons who arenot relevant persons. Any investment or investment activity to which thisannouncement or the Placing relates is available only to relevant persons andwill be engaged in only with relevant persons. As regards all persons other thanrelevant persons, the details of the Placing and the bookbuilding process setout in this announcement are for information purposes only. JPMorgan Cazenove is acting for Asia Energy plc and no one else in connectionwith the offer and will not be responsible to any other person for providing theprotections afforded to their respective clients, or for providing advice inrelation to the proposed offer. This announcement is not an offer for sale of the securities in the UnitedStates, and the securities may not be sold in the United States absentregistration or an exemption from registration under the U.S. Securities Act of1933, as amended. This announcement is not for distribution directly or indirectly in or into theUnited States, Canada, Australia, Japan, France, New Zealand or the Republic ofIreland. This announcement does not constitute an offer to sell or issue or thesolicitation of an offer to buy or acquire ordinary shares in the capital ofAsia Energy plc in the United States, Canada, Australia, Japan, France, NewZealand or the Republic of Ireland or any jurisdiction in which such an offer orsolicitation is unlawful. No public offering of securities will be made. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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