10th Apr 2014 09:37
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES, CANADA OR SOUTH AFRICA.
RSA Insurance Group plc
10 April 2014
Result of Rump Placing
Following the announcement earlier today regarding valid acceptances under the fully underwritten rights issue announced by RSA Insurance Group plc (the “Company”) on 25 March 2014, the Company confirms that J.P. Morgan Securities plc and Merrill Lynch International, in their capacity as Joint Bookrunners, have procured subscribers for all of the 59,741,173 New Ordinary Shares for which valid acceptances were not received, representing approximately 4.33 per cent. of New Ordinary Shares, at a price of 94 pence per New Ordinary Share.
The net proceeds from the placing of such New Ordinary Shares (after the deduction of the Issue Price of 56 pence per New Ordinary Share and the expenses of procuring subscribers including any applicable brokerage and commissions and amounts in respect of VAT which are not recoverable, if any) will be paid (without interest) to those persons whose rights have lapsed in accordance with the terms of the Rights Issue, pro rata to their lapsed provisional allotments, save that individual amounts of less than £5 will not be paid to such persons but will be paid to the Company.
CONTACTS
RSA Insurance Group plc
| Analysts & Investors | Press | |
| Rupert Taylor Rea | Louise Shield | |
| Head of Investor Relations | Director of External Communications | |
| Tel: +44 (0)20 7111 7140 | Tel: +44 (0)20 7111 7047 | |
| Email: [email protected] | Email: [email protected] | |
| Louise Jordan | Jon Sellors | |
| Investor Relations Executive | Head of Media Relations | |
| Tel: +44 (0)20 7111 71891 | Tel: +44 (0)20 7111 7327 | |
| Email: [email protected] | Email: [email protected] | |
Joint Global Coordinators, Joint Bookrunners and Joint Underwriters
| BofA Merrill Lynch | J.P. Morgan Cazenove | |
| Tel: +44 (0)20 7174 4000 | Tel: +44 (0)20 7134 4255 | |
| Fraser Allen | Greg Chamberlain | |
| Tony White | Mike Collar |
END
IMPORTANT NOTICE
This announcement is for information purposes only. These written materials do not constitute an offer to sell or a solicitation of an offer to purchase any securities in any jurisdiction. This announcement cannot be relied upon for any investment contract or decision.
The information contained herein is not for distribution or publication, whether directly or indirectly and whether in whole or in part, in or into the United States, Canada or South Africa or any other jurisdiction where to do so would constitute a violation of the securities laws of such jurisdiction. These materials do not contain or constitute an offer for sale or the solicitation of an offer to purchase securities in the United States, Canada, or South Africa.
The securities have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or under any securities laws of any state or other jurisdiction of the United States, and may not be offered or sold in the United States absent registration under the Securities Act or an available exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.
Each of J.P. Morgan Securities plc and Merrill Lynch International is authorised and regulated in the United Kingdom by the FCA and the PRA and is acting for RSA and no one else in connection with the Rights Issue and will not regard any other person (whether or not a recipient of this announcement) as a client in relation to the Rights Issue and will not be responsible to anyone other than RSA for providing the protections afforded to its clients or for providing advice in relation to the Rights Issue or any matters referred to in this announcement.
Copyright Business Wire 2014
Related Shares:
RSA.L