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Stabilisation Notice

12th Mar 2014 07:00

RNS Number : 0932C
Poundland Group PLC
12 March 2014
 



Not for publication or distribution, In whole or in part, directly or indirectly, in or into the United States of America, australia, canada, japan or south africa or any jurisdiction in which such distribution would be unlawful

 

POUNDLAND GROUP PLC

 

Stabilisation Notice

 

 

12 March 2014

 

J.P. Morgan Securities plc (contact: Manuel Esteve; telephone: +44 (0)20 7742 4000) hereby gives notice that it may stabilise the offer of the following securities in accordance with Commission Regulation (EC) No. 2273/2003 implementing the Market Abuse Directive (2003/6/EC).

 

The securities:

 

Issuer:

 

Poundland Group plc

Shares:

 

Ordinary Shares of 170 pence each (ISIN: GB00BJ34VB96)

 

Offering size:

 

125,000,000 Shares

Offer price:

 

300 pence per Share

Stabilisation:

 

Stabilising Manager:

 

J.P. Morgan Securities plc

Stabilisation period expected to start on:

 

12 March 2014

Stabilisation period expected to end no later than:

 

10 April 2014

Maximum size of over-allotment facility:

 

Up to 18,750,000 Shares

Over-allotment Option:

 

Terms:

Warburg Pincus Private Equity X, L.P. and Warburg Pincus X Partners, L.P. have granted J.P. Morgan Securities plc, in its capacity as stabilisation manager and for the account of the Underwriters, the option to acquire an aggregate of up to an additional 18,750,000 Shares

 

Duration:

This option may be exercised in whole or in part on one or more occasions at any time from 12 March 2014 to 10 April 2014

 

In connection with the offer of the above securities, the Stabilising Manager may over-allot the securities or effect transactions with a view to supporting the market price of the securities at a level higher than that which might otherwise prevail. However, there is no assurance that the Stabilising Manager will take any stabilisation action and any stabilisation action, if begun, may be ended at any time.

 

This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.

 

This announcement is not for publication or distribution, in whole or in part, directly or indirectly, in or into the United States of America (including its territories and possessions, any state of the United States of America and the District of Columbia) (the "United States"), Australia, Canada, Japan, South Africa or other excluded territories. This announcement does not constitute, or form part of, an offer to sell, or a solicitation of an offer to purchase, any securities in the United States, Australia, Canada, Japan, South Africa or other excluded territories.

 

The securities of the Issuer have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold within the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The securities referred to herein have not been registered under the applicable securities laws of Australia, Canada, Japan or South Africa and, subject to certain exceptions, may not be offered or sold within Australia, Canada, Japan or South Africa or to any national, resident or citizen of Australia, Canada, Japan or South Africa. 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, such restrictions.

 

This announcement and the other of the securities to which it relates are only addressed to and directed at persons outside the United Kingdom and persons in the United Kingdom who are high net worth persons or investment professionals within article 12(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 and must not be acted on or relied upon by other persons in the United Kingdom.

 

In addition, if and to the extent that this announcement is communicated in, or the offer of the securities to which it relates is made in, any EEA Member State that has implemented Directive 2003/71/EC (together with any applicable implementing measures in any Member State, the "Prospectus Directive") before the publication of a prospectus in relation to the securities which has been approved by the competent authority in that Member State in accordance with the Prospectus Directive (or which has been approved by a competent authority in another Member State and notified to the competent authority in that Member State in accordance with the Prospectus Directive), this announcement and the offer are only addressed to and directed at persons in that Member State who are "qualified investors" within the meaning of the Prospectus Directive (or who are other persons to whom the offer may lawfully be made) and must not be acted on or relied on by other persons in that Member State.

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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