1st Jul 2009 17:53
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" or the "Company")
RESULTS OF RUMP PLACING
Shaftesbury announced previously that, as at 11.00 a.m. on 30 June 2009, being the latest date and time 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.
Shaftesbury now announces that J.P. Morgan Cazenove Limited and Merrill Lynch International, acting as Joint Bookrunners, have procured subscribers for the remaining 1,651,435 New Shares for which valid acceptances were not received, at an average price of 295.96 pence per New Share.
The net proceeds after deduction of the Issue Price of 175 pence per New Share and the expenses of procuring subscribers will be paid to those shareholders that have not taken up their entitlements pro rata to their lapsed provisional allotments, except that individual amounts of less than £5.00 will not be paid to such persons but will be retained and will ultimately accrue for the benefit of the Company.
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:
Shaftesbury PLC: +44 (0)20 7333 8118
Jonathan Lane, Chief Executive Brian Bickell, Finance Director Penny Thomas, Company Secretary
J.P. Morgan Cazenove Limited: +44 (0)20 7588 2828
Merrill Lynch International: +44 (0)20 7628 1000
Rupert Hume-Kendall
David Church
Andrew Tusa
City Profile: +44 (0)20 7448 3244
Simon Courtenay
William Attwell
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