13th Jun 2006 07:01
Novae Group PLC13 June 2006 Novae Group plc13 June 2006 Novae Group plc ("Novae" or "the Company") Results of Rights Issue Novae announces that the 1 for 1 Rights Issue of 366,106,728 New Novae Shares at 30 pence per share as detailed in the Prospectus and Supplementary Prospectus to Shareholders dated 28 March 2006 and 5 May 2006 respectively, closed for acceptance at 11:00 a.m. on 12 June 2006. The Company received valid acceptances in respect of 54,402,121 Novae Shares from Qualifying Shareholders, which represents an aggregate take-up of approximately 14.9 per cent. In accordance with the terms of the Underwriting Agreement dated 28 March 2006 between the Company and Hoare Govett, Hoare Govett will seek to procure subscribers for the remaining 311,704,607 New Novae Shares for which valid acceptances were not received. It is expected that the New Novae Shares in uncertificated form will be credited to CREST accounts on 13 June 2006 and that definitive share certificates in respect of New Novae Shares in certificated form will be dispatched to shareholders by 23 June 2006. Definitions used in the Prospectus and Supplementary Prospectus dated 28 March 2006 and 5 May 2006 respectively apply in this announcement unless the context otherwise requires. Enquiries: Novae 020 7903 7300Matthew FoshOliver Corbett Hoare Govett Limited 020 7678 8000John MacGowanBob CowdellStephen Bowler M: Communications 020 7153 1521Nick MilesCaroline Villiers Other information The directors of Novae accept responsibility for the information contained in this announcement and, to the best of their knowledge and belief (having taken reasonable care to ensure that such is the case), the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information. Hoare Govett Limited, which is authorised and regulated in the UK by the Financial Services Authority, is acting exclusively for Novae in connection with the Rights Issue and for no-one else and will not be responsible to anyone other than Novae for providing the protections afforded to their respective clients, for the contents of this announcement. Securities may not be offered or sold in the United States unless they are registered under the US Securities Act of 1933, as amended, or exempt from such registration. The Novae Ordinary Shares have not been, nor will be, and are not required to be, registered with the US Securities and Exchange Commission under that Act, in reliance on the exemption provided by section 3(a)(10) thereof. US shareholders who are affiliates (within the meaning of the US Securities Act of 1933) of Novae will be subject to timing, manner of sale and volumerestrictions on the sale of Novae Ordinary Shares received in connection with the Scheme under rule 145(d) of that Act. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Novae Group