11th Jun 2007 18:05
Rexam PLC11 June 2007 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTOTHE UNITED STATES, AUSTRALIA, CANADA, OR JAPAN. Rexam PLC ("Rexam" or the "Company")Placing Price set at 490 pence per share Rexam announces that, further to its announcement of this morning, a total of58,354,700 new ordinary shares of 64 2/7 pence each in the Company (the "PlacingShares") have been placed by ABN AMRO Hoare Govett and Citigroup Global MarketsUK Equity Limited ("Citi") and at a price of 490 pence per Placing Share,raising gross proceeds of £285.9 million (the "Placing"). Application has been made for, and the Placing is conditional upon, inter alia,admission of the Placing Shares to the Official List maintained by the FSA andupon admission to trading by London Stock Exchange plc on its market for listedsecurities (together "Admission"). It is expected that Admission will becomeeffective and that dealings will commence in the Placing Shares at 8.00 am on 14June 2007. Subject to the conditions being satisfied, the Placing Shares will beissued credited as fully paid and will rank pari passu with Rexam's existingordinary shares, including the right to receive all dividends and otherdistributions declared, made or paid in respect of such existing ordinary sharesafter the date of issue of the Placing Shares. Hoare Govett Limited, which is authorised and regulated by the Financial Services Authority, is acting exclusively for Rexam and for no one else in connection with the Placing and will not be responsible to anyone other than Rexam for providing the protections afforded to the customers of Hoare Govett Limited or for providing advice in relation to the Placing or any transaction or arrangement referred to herein. Citi, which is authorised and regulated by the Financial Services Authority, is acting exclusively for Rexam and for no one else in connection with the Placing and will not be responsible to anyone other than Rexam for providing the protections afforded to the customers of Citi or for providing advice in relation to the Placing or any transaction or arrangement referred to herein. This announcement is for information purposes only and does not constitute an offer or invitation to acquire or dispose of any securities or investment advice in any jurisdiction. Past performance is no guide to future performance and persons needing advice should consult an independent financial adviser. This announcement and the information contained therein are not for release,publication or distribution, directly or indirectly, in or into the UnitedStates, Australia, Canada or Japan. This announcement is not an offer to sell ora solicitation of an offer to buy the Placing Shares in the United States. ThePlacing Shares have not been and will not be registered under the US SecuritiesAct of 1933, as amended, and may not be offered or sold, directly or indirectly,in the United States absent registration or an exemption from registration.There will be no public offering of securities in the United States. The PlacingShares have not been and will not be registered with any regulatory authority ofany state within the United States. 11 June 2007 Enquiries ABN AMRO Hoare Govett +44 20 7678 8000Antonia RowanCaroline HarrisSyndicationJeremy Thompson Citi +44 20 7986 4000Nigel MillsCharles LytleSyndicationDarrel UdenNick McEwen Notes to editors:Rexam is a leading global consumer packaging company and the largest beveragecan maker in the world. Our vision is to be the leading global consumerpackaging company. We are business partners to many of the world's most famousand successful consumer brands as well as young, entrepreneurial start-ups. Weoffer a broad range of packaging products, services and solutions for differentindustries, using different materials and technologies. In 2006, including theGlass business, we had sales of approximately £3.6 billion and employed some24,200 people in more than 20 countries. Three things characterise us -leadership in our industry, our commitment to innovation and our passion todeliver exceptional value. Rexam is a member of the FTSE 100. Rexam's ordinaryshares are listed with the UK Listing Authority and trade on the London StockExchange under the symbol REX. In March 2007, Rexam announced that it is to sellits Glass business for €660m. The deal is subject to regulatory authorityclearance and is awaiting completion. For further information on Rexam, visitwww.rexam.com. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
REX.L