24th May 2007 14:05
NOT FOR RELEASE INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN \* T Royal & SunAlliance announces results of equity placing\* T Royal & Sun Alliance Insurance Group plc ("R&SA") is pleased to announce thesuccessful completion of the placing announced (the "Announcement") earliertoday (the "Placing"). A total of 186,350,000 new ordinary shares of 27.5p each in R&SA (the "PlacingShares") have been placed by JPMorgan Cazenove Limited and Merrill LynchInternational at a price of 161p per Placing Share, raising gross proceeds ofapproximately £300 million. The Placing Shares being issued representapproximately 6.2 per cent. of R&SA's issued ordinary share capital prior to thePlacing. The Placing Shares will, when issued, be credited as fully paid and will rankpari passu in all respects with the existing issued ordinary shares of 27.5peach in the capital of the Company including the right to receive all futuredividends and other distributions declared, made or paid in respect of suchordinary shares after the date of issue of the Placing Shares. Application will be made for, and the Placing is conditional on, inter alia,admission of the Placing Shares to listing on the Official List maintained bythe UK Listing Authority and admission to trading by the London Stock Exchangeon its main market for listed securities (together "Admission"). It is expectedthat Admission will become effective and dealings will commence in the PlacingShares at 8.00am on 30 May 2007. --ENDS-- For further information: \* TAnalysts Press-------------------------------------------------------------------Shona Cotterill Phil Wilson-Brown-------------------------------------------------------------------+44 (0) 20 7111 7212 +44 (0) 20 7111 7047-------------------------------------------------------------------Andrew Wigg Sarah Hilyer-------------------------------------------------------------------+44 (0) 20 7111 7138 +44 (0) 20 7111 7327-------------------------------------------------------------------\* T Note to editors: Defined terms in this announcement have, unless the context otherwise requires,the same meaning given to them in the Announcement. Disclaimer This announcement is for information purposes only and does not constitute anoffer or an invitation to acquire or dispose of any securities or investmentadvice in any jurisdiction. In particular, this announcement does not constitutean offer to sell or issue or the solicitation of an offer to buy or subscribefor securities in the United States or any other jurisdiction and should not berelied upon in connection with any decision to dispose of Codan shares oracquire any shares issued pursuant to the proposed placing by R&SA. Thesecurities referred to in this announcement have not been and will not beregistered under the U.S. Securities Act of 1933 (the "U.S. Securities Act") andmay not be offered, sold or transferred within the United States except pursuantto an exemption from, or in a transaction not subject to, the registrationrequirements of the U.S. Securities Act. Any public offering of securities to bemade in the United States will be made by means of a prospectus that may beobtained from R&SA and that will contain detailed information about R&SA and itsmanagement, as well as financial statements. This announcement may contain "forward-looking statements" (as defined in the USPrivate Securities Litigation Reform Act of 1995) with respect to certain of theR&SA Group's (including R&SA and RSA B.V.) and/or Codan's plans and theircurrent goals and expectations relating to its future financial condition,performance and results. By their nature, all forward-looking statements involverisk and uncertainty because they relate to future events and circumstanceswhich are beyond the control of the R&SA Group (including R&SA and RSA B.V.)and/or Codan, including amongst other things, UK domestic and global economicbusiness conditions, market-related risks such as fluctuations in interest ratesand exchange rates, the policies and actions of regulatory authorities, theimpact of competition, inflation, deflation, the timing impact and otheruncertainties of future acquisitions or combinations within relevant industries,as well as the impact of tax and other legislation and other regulations in thejurisdictions in which the R&SA Group (including R&SA and RSA B.V.), Codan andtheir respective affiliates operate. As a result, the actual future financialcondition, performance and results of the R&SA Group's (including R&SA and RSAB.V.) and/or Codan may differ materially from the plans, goals and expectationsset forth in any forward-looking statements. Neither the R&SA Group (includingR&SA and RSA B.V.) or Codan undertakes any obligation to update anyforward-looking statements, save in respect of any requirement under applicablelaw or regulation. No statement in this announcement is intended to be a profit forecast and nostatement in this announcement should be interpreted to mean that earning pershare of R&SA or Codan for the current or future financial years wouldnecessarily match or exceed the historical published earnings per share ofeither company. The Banks, each of which is authorised and regulated by the FSA, are acting forR&SA in connection with the Placing and no-one else and will not be responsibleto anyone other than R&SA for providing the protections afforded to theirrespective clients or for providing advice in relation to the Placing or anymatter referred to in this announcement. Copyright Business Wire 2007Related Shares:
RSA.L