18th Apr 2007 17:02
Lupus Capital PLC18 April 2007 Not for release, publication or distribution into the United States, Canada, Japan or Australia Lupus Capital plc ("Lupus Capital" or "the Company") Results of Open Offer On 19 March 2007 Lupus Capital announced the proposed acquisition of theSecurity Systems Division of The Laird Group PLC ("Laird Security Systems") ("the Acquisition"). Subsequently, on 26 March 2007 the Company announced the terms of the Placingand Open Offer of 755,555,556 New Ordinary Shares at an issue price of 18 penceper share to finance part of the Acquisition. Of these New Ordinary Shares,221,269,641 were subject to clawback by way of the Open Offer to existing LupusCapital shareholders on the basis of a basic entitlement of four New OrdinaryShares for every ten Existing Ordinary Shares, together with an ExcessApplication Facility. In total, valid applications had been received by the close of the Open Offer at11.00a.m. on 18 April 2007 for 208,585,598 New Ordinary Shares. Of these totalapplications, 191,417,946 New Ordinary Shares were applied for pursuant toshareholders' Basic Entitlements and 17,167,652 New Ordinary Shares under theExcess Application Facility. The total valid applications received represent94.3 per cent. of the New Ordinary Shares offered under the Open Offer. All valid Excess Applications received will therefore be satisfied in full andthe remaining 12,684,043 Conditional Placing Shares not applied for under theOpen Offer as well as the 534,285,915 Firm Placing Shares will be taken up bythe institutional investors who undertook to acquire those shares. The New Ordinary Shares will, on admission to AIM, rank pari passu in allrespects with the ordinary shares of Lupus Capital currently in issue. However,the New Ordinary Shares will not be entitled to receive the final dividend forthe year ended 31 December 2006 announced on 2 March 2007, nor the SpecialInterim Dividend payable on 23 April 2007. The Placing and Open Offer is conditional on approval by Shareholders at anExtraordinary General Meeting of the Company, to be held at 10.30 a.m. on 19April 2007. Application has been made for the New Ordinary Shares to be admittedto trading on AIM and, accordingly, it is anticipated that the New OrdinaryShares will be admitted to trading on AIM on 20 April 2007. Following Admission, the Company's share capital will consist of 1,372,115,334ordinary shares with voting rights. The Company holds no shares in Treasury. Terms used in this announcement shall have the same meanings as set out in theProspectus dated 26 March 2007. Enquiries: Equity Development 020 7405 7777Alan Frame HSBC Bank plc:Investment BankingRupert Faure Walker 020 7992 2101James Pincus 020 7992 2121 Equity Capital MarketsNick Donald 020 7991 1504James Taylor 020 7992 2179 Further information on Lupus Capital is available on the company's website(www.lupuscapital.co.uk) Not for release, publication or distribution into the United States, Canada, Japan or Australia HSBC is acting exclusively for Lupus Capital and no one else in relation to theAcquisition and Placing and Open Offer referred to in this announcement and willnot be responsible to anyone other than Lupus Capital for providing theprotections afforded to their clients or for providing advice in relation to theAcquisition and Placing and Open Offer or any other matter referred to in thisannouncement. This announcement and the information contained herein are not an offer for saleof securities in or into the United States, Australia, Canada or Japan or in anyother jurisdiction. The Ordinary Shares, nor any rights to subscribe for suchOrdinary Shares, have not been and are not being registered under the UnitedState Securities Act of 1933, as amended (the Securities Act) and may not beoffered or sold in the United States or to or for the account or benefit of USpersons (as such terms are defined in Regulation S under such Act) absentregistration under, or an exemption from registration under, or in a transactionnot subject to the requirements of, the Securities Act. There will be no publicoffer of securities in the United States. This announcement and the information contained herein does not constitute anoffer to sell, exchange or transfer any securities of Lupus Capital and is notsoliciting an offer to purchase, exchange or transfer such securities in anyjurisdiction where the offer, sale, exchange or transfer is not permitted or toany person or entity to whom it is unlawful to make that offer, sale, exchangeor transfer. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Tyman