29th May 2009 07:00
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR SWITZERLAND OR ANY OTHER STATE OR JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO
This announcement shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale or purchase of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The availability of the Rights Issue to persons not resident in the United Kingdom may be affected by the laws of the relevant jurisdictions. Such persons should inform themselves about and observe any applicable requirements.
29 May 2009
Greene King plc announces results of its rights issue
Unless otherwise defined in this announcement, capitalised definitions shall have the same meaning as in the prospectus published by Greene King plc ("Greene King") on 23 April 2009 (the "Prospectus").
The Board of Greene King announces today that, as at 11:00 a.m. on 28 May 2009, being the latest date for receipt of valid acceptances, it had received valid acceptances in respect of 75,294,500 New Shares, representing approximately 93.2 per cent. of the total number of New Shares offered to Qualifying Shareholders pursuant to the three for five rights issue announced by Greene King on 23 April 2009 (the "Rights Issue").
In accordance with the arrangements set out in Part III of the Prospectus, the Sole Bookrunner will be seeking to procure subscribers for the remaining 5,460,921 New Shares for which valid acceptances were not received at a price per New Share which is at least equal to the aggregate of the Issue Price and the expenses of procuring such subscribers (including any applicable brokerage and commissions and amounts in respect of value added tax), failing which those New Shares will be subscribed for by the Sole Bookrunner or its sub-underwriters at the Issue Price pursuant to the terms of the Underwriting Agreement.
ENQUIRIES
Greene King plc Tel: + 44 (0) 1284 763222
Rooney Anand, Chief Executive Officer
Ian Bull, Finance Director
Financial Dynamics Tel: + 44 (0) 20 7831 3113
Ben Foster
Deutsche Bank AG, London Branch (Joint Sponsor, Joint Financial Adviser and Sole Bookrunner) Tel: + 44 (0) 207 545 8000
James Agnew
Andrew Smith
Lazard & Co., Limited (Joint Sponsor and Joint Financial Adviser) Tel: + 44 (0) 207 187 2000
William Rucker
Paul Gismondi
About Greene King
Greene King's main businesses are managed pubs and restaurants, tenanted and leased pubs, and brewing and distribution. Greene King is one of the five largest UK pub operators by number of pubs. In total, Greene King operates over 2,500 pubs and restaurants, two breweries (Bury St. Edmunds and Dunbar) and a number of regional depots. The Group's head office is in Bury St. Edmunds, Suffolk and there are additional regional offices in Scotland.
This announcement is not a prospectus but an advertisement and investors should not subscribe for any securities referred to in this announcement (the "Securities") except on the basis of the information contained in the Prospectus.
This announcement does not constitute an offer to sell, or a solicitation of an offer to subscribe for, Securities in any jurisdiction in which such offer or solicitation is unlawful.
This announcement is not for distribution, directly or indirectly, in or into the United States (including its territories and dependencies, any State of the United States and the District of Columbia). The Securities have not been, and will not be, registered under the Unites States Securities Act of 1933 (the "Securities Act"). The Securities may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act.
There will be no public offer of the Securities in the United States, Australia, Canada, Japan, South Africa or Switzerland.
Neither the content of Greene King's website nor any website accessible by hyperlinks on Greene King's website is incorporated in, or forms part of, this announcement.
Distribution of this announcement and/or the Prospectus and/or the Provisional Allotment Letters and/or the transfer of Nil Paid Rights, Fully Paid Rights and/or New Shares into jurisdictions other than the United Kingdom may be restricted by law. Persons into whose possession this announcement comes should inform themselves of and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
This announcement has been prepared for the purposes of complying with applicable law and regulation in the United Kingdom and the information disclosed may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws and regulations of any jurisdiction outside of the United Kingdom.
Deutsche Bank and Lazard are acting for Greene King and no one else in connection with the Rights Issue and will not regard any other person as a client in relation to the Rights Issue and will not be responsible to anyone other than Greene King for providing the protections afforded to their respective clients or for providing advice in relation to the Rights Issue or any matters referred to in this announcement.
Lazard is authorised and regulated in the United Kingdom by the Financial Services Authority. Deutsche Bank is authorised and regulated under German Banking Law (competent authority: BaFin - Federal Financial Supervising Authority) and regulated by the Financial Services Authority for the conduct of UK business.
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