10th Jul 2009 09:49
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN
St Modwen Properties PLC
RESULTS OF OFFERING OF SHARES
St Modwen Properties PLC ("St. Modwen" or the "Company") announces that the bookbuilding process in connection with the offering (the "Offering") by J.P. Morgan Cazenove Limited and Numis Securities Limited on behalf of certain members of the Clarke and Leavesley families (the "Selling Shareholders"), of existing ordinary shares of 10 pence each ("Ordinary Shares") in the Company announced earlier today has now closed.
An aggregate of 7,977,777 Ordinary Shares in the Company (amounting to approximately 4.0 per cent of the issued share capital of the Company) was placed in the Offering at a price of 173 pence per share and will be settled on 15 July 2009.
Following this Offering, the Clarke family (excluding Simon Clarke) will hold 27,437,539 Ordinary Shares and the Leavesley family will hold 18,565,234 Ordinary Shares representing 13.7 per cent. and 9.3 per cent. of the Company's issued share capital respectively.
As part of the Offering, Simon Clarke, a Non-Executive Director of the Company, has sold 1,000,000 Ordinary Shares at the Offering price. Following this sale he will have a holding of 7,137,657 Ordinary Shares representing 3.6 per cent. of the Company's issued share capital.
10 July 2009
Enquiries:
|
St. Modwen Properties PLC Bill Oliver, Chief Executive Tim Haywood, Finance Director |
0121 222 9400 |
|
J.P. Morgan Cazenove Robert Fowlds Shona Graham |
020 7588 2828 |
|
Numis Securities Limited Heraclis Economides Ben Stoop |
020 7260 1000 |
This announcement does not constitute any offer to sell or any solicitation of any offer to purchase any securities. J.P. Morgan Cazenove Limited and Numis Securities Limited, each of which is regulated by the Financial Services Authority, are acting for the Selling Shareholders in connection with the Offering and for no-one else and will not be responsible to anyone other than the Selling Shareholders for providing the protections offered to prospective customers of J.P. Morgan Cazenove Limited or Numis Securities Limited nor for providing advice in relation to the Offering.
This announcement is not for publication or distribution, directly or indirectly, in or into the United States of America (including its territories and possessions, any state of the United States and the District of Columbia). This announcement is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States.
Neither this document nor any copy of it may be distributed in Canada, Australia or Japan or to any resident thereof or in any other jurisdiction where such distribution would be unlawful under the laws of such jurisdiction.
END
Related Shares:
SMP.L