14th Dec 2005 11:06
UMECO PLC14 December 2005 UMECO plc ("UMECO" or the "Company") 14 December 2005 FOR IMMEDIATE RELEASE NOT FOR RELEASE, DISTRIBUTION OR TRANSMISSION, DIRECTLY OR INDIRECTLY, IN WHOLEOR IN PART IN OR INTO THE UNITED STATES, ANDORRA, AUSTRALIA, AUSTRIA, BELGIUM,CANADA, FRANCE, GERMANY, GREECE, HOLLAND, JAPAN, NEW ZEALAND, THE REPUBLIC OFIRELAND, SOUTH AFRICA, SPAIN OR SWITZERLAND The release, distribution or transmission of this announcement in or intocertain other jurisdictions may be restricted by law and therefore persons inall jurisdictions into which this announcement is released, distributed ortransmitted should inform themselves about and observe such restrictions. Successful placement of Rights Issue rump Following yesterday's announcement regarding valid acceptances in respect of13,993,079 New Ordinary Shares, representing approximately 96.8 per cent. of thetotal number of New Ordinary Shares offered to shareholders under the 4 for 9rights issue announced by UMECO plc ("UMECO") on 1 November 2005, UMECO nowannounces that Arbuthnot Securities Limited ("Arbuthnot") has procuredsubscribers for the remaining New Ordinary Shares, net of fractionalentitlements, for which valid acceptances were not received, at a price of 450pence per share. This amounts to 469,294 new ordinary shares. The net proceeds, after deduction of the Rights Issue subscription price of 350pence per New Ordinary Share and relevant costs (including the expenses ofprocuring subscribers and any related value added tax), will be paid toshareholders that have not taken up their entitlements pro-rata to their lapsedprovisional allotments, provided that individual amounts of less than £5.00 willnot be paid to such persons but will be retained for the benefit of UMECO. Accordingly, sub-underwriters will not be required to subscribe for any NewOrdinary Shares. Words and phrases used but not defined in this announcement shall have themeanings ascribed to them in the UMECO prospectus dated 1 November 2005, unlessthe context requires otherwise. Enquiries: UMECO plc 01926 331 800Clive SnowdonJohn Beaumont Arbuthnot Securities Limited 020 7012 2000Andrew FullertonGraham Swindells The Hogarth Partnership 020 7357 9477John OlsenBarnaby Fry THIS ANNOUNCEMENT DOES NOT CONSTITUTE, OR FORM PART OF, AN OFFER TO SELL OR THESOLICITATION OF AN OFFER TO SUBSCRIBE FOR OR BUY ANY SECURITIES, NOR SHALL THEREBE ANY SALE, ISSUE OR TRANSFER OF THE SECURITIES REFERRED TO IN THISANNOUNCEMENT IN ANY JURISDICTION IN CONTRAVENTION OF APPLICABLE LAW. OFFERS ORSOLICITATIONS OF OFFERS MAY ONLY BE MADE ON THE BASIS OF THE INFORMATION THAT ISCONTAINED IN THE PROSPECTUS PUBLISHED IN CONNECTION WITH THE RIGHTS ISSUE DATED1 NOVEMBER 2005. Arbuthnot Securities Limited, which is authorised and regulated in the UnitedKingdom by the Financial Services Authority, is acting as sponsor, jointstockbroker and underwriter to UMECO and for no one else in relation to theRights Issue. Arbuthnot will not be responsible to any persons other than UMECOfor providing the protections afforded to customers of Arbuthnot, or forproviding advice in relation to the Rights Issue or any other matters referredto in this announcement. This announcement is not an offer for sale of securities in or into the UnitedStates, Andorra, Australia, Austria, Belgium, Canada, France, Germany, Greece,Holland, Japan, New Zealand, the Republic of Ireland, South Africa, Spain orSwitzerland. The securities of UMECO have not been registered with, recommended,approved or disapproved by any US federal or state securities commission orregulatory authority. There will be no public offer of securities in the UnitedStates or in any of the Excluded Territories. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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