26th Jul 2006 10:03
Expro International Group PLC26 July 2006 Not for distribution or transmission, directly or indirectly in or into the United States, Canada, Australia, Japan or South Africa For Immediate Release Wednesday 26 July 2006 EXPRO INTERNATIONAL GROUP PLC Results of Rights Issue Expro International Group PLC announces that by 11.00 a.m. on 25 July 2006, thelatest time and date for acceptance and payment in full for New Shares pursuantto the Rights Issue announced on 14 June 2006, valid acceptances were receivedin respect of 24,172,116 New Shares, representing approximately 92.4 per cent.of the New Shares offered by way of rights at 500 pence per New Share. Expro International Group PLC also announces that, in accordance with the termsof the Underwriting Agreement dated 14 June 2006, JPMorgan Cazenove Limited hasprocured subscribers for the remaining 1,998,005 New Shares for which validacceptances were not received at a price of 620 pence per New Share. The net proceeds, after deduction of the Rights Issue Price of 500 pence per NewShare, will, save for amounts less than £5.00, be paid to those persons whoserights have lapsed in accordance with the terms of the Rights Issue, pro rata totheir lapsed provisional allotments. Definitions used in the Prospectus dated 14 June 2006 shall have the samemeanings when used in this announcement, unless the context requires otherwise.All references to time in this announcement are to the time in London. - Ends - For further information please contact: Expro International Group PLC +44 (0) 1189 591341Graeme Coutts, Chief Executive OfficerMichael Speakman, Finance Director JPMorgan Cazenove Limited(Financial adviser and corporate broker to Expro) +44 (0) 20 7588 2828Barry Weir Weber Shandwick | Square Mile(Public relations adviser to Expro) +44 (0) 20 7067 0700Rachel Taylor / Lana-Kathryn Pugh JPMorgan Cazenove Limited is acting for Expro International Group PLC and no oneelse in connection with the Acquisition and the Rights Issue and will not beresponsible to anyone other than Expro International Group PLC for providing theprotections afforded to it clients nor for giving advice in relation to theAcquisition, the Rights Issue or any other matter referred to herein. This announcement shall not constitute an offer of, or the solicitation of anyoffer to subscribe or buy, any New Shares to any person in any jurisdiction towhom or in which such offer or solicitation is unlawful. The distribution ofthis announcement in certain jurisdictions may be restricted by law andtherefore persons into whose possession this announcement comes should informthemselves about and observe any such restrictions. Any failure to comply withthese restrictions may constitute a violation of the securities laws of any suchjurisdiction. Any purchase of, or application for, securities in the RightsIssue should only be made on the basis of information contained in theProspectus dated 14 June 2006 and any supplement thereto. This announcement is not an offer of securities for sale in the United States.Securities may not be offered or sold in the United States absent registrationor an exemption from registration. The New Shares have not been, nor will theybe, registered under the US Securities Act of 1933, as amended, or under thesecurities laws of any state in the United States or under the applicablesecurities laws of Canada, Australia, Japan or South Africa. Subject to certainexceptions, the New Shares may not be offered or sold in the United States,Canada, Australia, Japan or South Africa or to or for the benefit of anynational, resident or citizen of the United States, Canada, Australia, Japan orSouth Africa. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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