1st Jul 2009 07:00
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY IN OR INTO THE UNITED STATES, JAPAN, THE REPUBLIC OF SOUTH AFRICA, CANADA OR SINGAPORE
FOR IMMEDIATE RELEASE
1 July 2009
Shaftesbury PLC ("Shaftesbury")
RESULTS OF RIGHTS ISSUE
Shaftesbury today announces that, as at 11.00am on 30 June 2009, being the latest time and date for receipt of valid subscriptions, it had received valid acceptances in respect of 88,677,699 New Shares, representing approximately 98.17 per cent. of the total number of New Shares offered to Shareholders pursuant to the 2 for 3 Rights Issue announced on 20 May 2009.
It is expected that the New Shares in uncertificated form will be credited to CREST accounts on 1 July 2009 and that definitive share certificates in respect of New Shares in certificated form will be dispatched to Shareholders by no later than 7 July 2009. It is expected that the New Shares will commence trading fully paid on London Stock Exchange plc's main market for listed securities on 1 July 2009.
In accordance with their underwriting obligations in respect of the Rights Issue, J.P. Morgan Cazenove Limited and Merrill Lynch International, acting as Joint Bookrunners, will be seeking to procure subscribers for the remaining 1,651,435 New Shares for which valid acceptances were not received. A further announcement as to the number of New Shares for which subscribers have been procured will be made in due course.
Capitalised terms used, but not defined, in this announcement shall have the same meanings as given to them in the Prospectus relating to the Rights Issue dated 20 May 2009.
Contacts
For further information, please contact:
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Shaftesbury PLC: Jonathan Lane, Chief Executive Brian Bickell, Finance Director Penny Thomas, Company Secretary
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+44 (0)20 7333 8118 |
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J.P. Morgan Cazenove Limited: Ian Hannam Robert Fowlds Bronson Albery
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+44 (0)20 7588 2828 |
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Merrill Lynch International: Rupert Hume-Kendall David Church Andrew Tusa
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+44 (0)20 7628 1000 |
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City Profile: Simon Courtenay William Attwell
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+44 (0)20 7448 3244 |
DISCLAIMER
This Announcement has been issued by and is the sole responsibility of Shaftesbury PLC.
This Announcement does not constitute or form part of any offer or invitation to purchase, otherwise acquire, subscribe for, sell, otherwise dispose of or issue, or any solicitation of any offer to sell, otherwise dispose of, issue, purchase, otherwise acquire or subscribe for, any security in the capital of the Group in any jurisdiction.
This Announcement is an advertisement and does not constitute a prospectus. Nothing in this Announcement should be interpreted as a term or condition of the Rights Issue. Any decision to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of any Nil Paid Rights, Fully Paid Rights and/or New Shares must be made only on the basis of the information contained in and incorporated by reference into the Prospectus.
This Announcement and any materials distributed in connection with this Announcement are not directed to, or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation. This Announcement is not an offer of securities for sale in the United States. The Nil Paid Rights, the Fully Paid Rights, the New Shares and the Provisional Allotment Letters if and when issued in connection with the Rights Issue have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ''Securities Act''), or under the securities legislation of any state or territory or jurisdiction of the United States and may not be offered, sold, taken up, exercised, resold, renounced, transferred or delivered, directly or indirectly, in or into the United States absent registration under, or an exemption from, the registration requirements of the Securities Act and in compliance with any relevant state securities laws. There will be no public offer of the securities mentioned herein in the United States. Neither this Announcement (including and any materials distributed in connection with this announcement) nor any part or copy of it may be transmitted into the United States, its territories or possessions or distributed, directly or indirectly, in the United States, its territories or possessions. Neither this Announcement nor any copy of it may be taken or transmitted into United States, Japan, The Republic of South Africa, Canada, Singapore or any other such jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction. Any failure to comply with this restriction may constitute a violation of the securities laws of the United States, Japan, The Republic of South Africa, Canada or Singapore. The distribution of this Announcement in other jurisdictions may be restricted by law and persons into whose possession this Announcement comes should inform themselves about, and observe, any such restrictions. The Ordinary Shares (including Existing Ordinary Shares and New Shares) have not been and will not be registered under the applicable securities laws of the United States, Japan, The Republic of South Africa, Canada or Singapore and, subject to certain exemptions, may not be offered or sold within the United States, Japan, The Republic of South Africa, Canada or Singapore.
Neither the content of Shaftesbury's website nor any website accessible by hyperlinks on Shaftesbury's website is incorporated in, or forms part of, this Announcement.
Each of N M Rothschild & Sons Limited, J.P. Morgan Cazenove Limited, J.P. Morgan Securities Ltd. and Merrill Lynch International (together, the "Banks") is acting exclusively for Shaftesbury in connection with the Rights Issue. None of the Banks will regard any other person as their client in relation to the Rights Issue and will not be responsible to anyone other than Shaftesbury for providing the protections afforded to their respective clients nor for the giving of advice in relation to the Rights Issue.
Related Shares:
SHB.L