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Successful Placement of Rights Issue Rump

24th Jan 2011 11:06

RNS Number : 9597Z
RPC Group PLC
24 January 2011
 



THIS ANNOUNCEMENT (AND THE INFORMATION CONTAINED HEREIN) IS NOT FOR FORWARDING, RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

 

24 January 2011

 

 

RPC Group Plc

("RPC" or the "Company")

 

Successful Placement of Rights Issue Rump

 

Following the announcement by RPC earlier today regarding valid acceptances in respect of 61,137,986 New Ordinary Shares, representing approximately 98.5 per cent. of the total number of New Ordinary Shares offered to Shareholders pursuant to the 5 for 8 Rights Issue announced by RPC on 16 December 2010, the Board of RPC now announces that J.P. Morgan Cazenove and Panmure Gordon have procured purchasers in respect of the 931,654 remaining New Ordinary Shares for which valid acceptances were not received, at a price of 265 pence per New Ordinary Share.

 

The net proceeds from the sale of these shares, after the deduction of the Rights Issue Price of 143 pence per New Ordinary Share and the expenses of procuring acquirers (including any related commissions and amounts in respect of irrecoverable VAT), will be paid to Shareholders that have not taken up their entitlements pro rata to their lapsed provisional allotments provided that individual amounts of less than £5.00 will not be paid to such persons but will be retained for the benefit of RPC.

 

Accordingly, sub-underwriters will not be required to acquire any New Ordinary Shares.

 

For full details, please refer to the Prospectus, which is available on the Company's website www.rpc-group.com, provided that the Prospectus is not available, whether through the website or otherwise, subject to certain exceptions, to persons located in the Excluded Territories.

 

Terms used in this Announcement shall have the same meanings as set out in the Prospectus dated 16 December 2010.

 

For further information, please contact:

 

RPC Group Plc:

Ron Marsh, Chief Executive

Pim Vervaat, Finance Director

 

+44 (0)1933 410 064

Rothschild (Financial Adviser and Joint Sponsor):

Crispin Wright

Charles Montgomerie

 

+44 (0)207 280 5000

J.P. Morgan Cazenove (Joint Sponsor and Underwriter): Nicholas Hall

Niklas Kloepfer

 

+44 (0)207 588 2828

Panmure Gordon (Joint Sponsor and Underwriter):

Andrew Godber

Giles Stewart

 

+44 (0)207 459 3600

Kreab Gavin Anderson:

Robert Speed

James Benjamin

+44 (0)207 074 1800

 

IMPORTANT NOTICE:

 

This announcement does not constitute or form part of any offer or invitation to purchase, otherwise acquire, subscribe for, sell, otherwise dispose of or issue, or any solicitation of any offer to sell, otherwise dispose of, issue, purchase, otherwise acquire or subscribe for, any security.

 

This announcement is an advertisement and does not constitute a prospectus or prospectus equivalent document. Nothing in this announcement should be interpreted as a term or condition of the Rights Issue. Any decision to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of any Provisional Allotment Letter, Nil Paid Rights, Fully Paid Rights, and/or New Ordinary Shares must be made only on the basis of the information contained in and incorporated by reference into the Prospectus. Copies of the Prospectus are available on the Company's website www.rpc-group.com, provided that the Prospectus is not available, whether through the website or otherwise, subject to certain exceptions, to persons located in the Excluded Territories.

 

This announcement is not directed to, or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation. This announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ''Securities Act''), or under the securities legislation of any state or territory or jurisdiction of the United States and may not be offered, sold, taken up, exercised, resold, renounced, transferred or delivered, directly or indirectly, in or into the United States except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any relevant state securities laws. There will be no public offer of the securities mentioned herein in the United States.

 

This announcement is not for release, publication or distribution (directly or indirectly) into in the United States, Australia, Canada, Japan, South Africa or any other such jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction. There will be no public offer of the securities mentioned herein in the United States, Australia, Canada, Japan or South Africa.

 

N M Rothschild & Sons Limited ("Rothschild"), which is regulated in the United Kingdom by the Financial Services Authority, is acting solely for the Company in relation to the Rights Issue and the Acquisition and nobody else and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Rothschild nor for providing advice in relation to the Rights Issue or the Acquisition or any other matter referred to in this announcement or the Prospectus.

 

J.P. Morgan Securities Ltd. (which conducts its UK investment banking activities as J.P. Morgan Cazenove) ("J.P. Morgan Cazenove"), which is regulated in the United Kingdom by the Financial Services Authority, is acting solely for the Company in relation to the Rights Issue and nobody else and will not be responsible to anyone other than the Company for providing the protections afforded to clients of J.P. Morgan Cazenove nor for providing advice in relation to the Rights Issue or the Acquisition or any other matter referred to in this announcement or the Prospectus.

 

Panmure Gordon (UK) Limited ("Panmure Gordon"), which is regulated in the United Kingdom by the Financial Services Authority, is acting solely for the Company in relation to the Rights Issue and nobody else and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Panmure Gordon nor for providing advice in relation to the Rights Issue or the Acquisition or any other matter referred to in this announcement or the Prospectus.

 

Apart from the responsibilities and liabilities, if any, which may be imposed upon Rothschild, J.P. Morgan Cazenove or Panmure Gordon by the Financial Services and Markets Act 2000 or the regulatory regime established thereunder, none of Rothschild, J.P. Morgan Cazenove and Panmure Gordon accepts any responsibility whatsoever or makes any representation or warranty, express or implied, concerning the contents of this announcement, including its accuracy, completeness or verification, or concerning any other statement made or purported to be made by it, or on its behalf, in connection with the Company, the New Ordinary Shares, the Rights Issue or the Acquisition, and nothing in this announcement is, or shall be relied upon as, a promise or representation in this respect, whether as to the past or future. Each of Rothschild, J.P. Morgan Cazenove and Panmure Gordon accordingly disclaims to the fullest extent permitted by law all and any responsibility and liability whether arising in tort, contract or otherwise (save as referred to herein) which it might otherwise have in respect of this announcement or any such statement.

 

Neither the content of the Company's website (or any other website) nor the content of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.

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.

 

END

 

 

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