19th Jul 2006 15:42
Low & Bonar PLC19 July 2006 FOR IMMEDIATE RELEASE 19 July 2006 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OFAMERICA, CANADA, AUSTRALIA, NEW ZEALAND, SOUTH AFRICA OR JAPAN Low & Bonar PLC Publication of Supplementary Prospectus in respect of Interim Results Following the publication of the prospectus relating to Low & Bonar PLC (the"Company") dated 7 July 2006 (the "Prospectus") in relation to the proposedraising of £43.3 million (approximately £41.2 million net of expenses) by way ofa 1 for 2 rights issue at a price of 85 pence per New Ordinary Share (the"Rights Issue") and related acquisition of Colbond Investments B.V. (the"Acquisition"), the Company announces that a supplementary prospectus (the"Supplementary Prospectus") is expected to be published today for the purposesof disclosing the unaudited consolidated interim results of the Group for thesix months ended 31 May 2006, which were announced today. Copies of the Supplementary Prospectus will be made available, free of charge,to the public at the registered office of the Company at 50 Castle Street,Dundee DD1 3RU and at the offices of Hoare Govett Limited, 250 Bishopsgate,London EC2M 4AA, at the offices of Numis Securities Limited, Cheapside House,138 Cheapside, London EC2V 6LH and at the offices of Computershare InvestorServices PLC, The Pavilions, Bridgwater Road, Bristol BS99 1XZ. Copies of the Supplementary Prospectus have been submitted to the UK ListingAuthority and will shortly be available for inspection at the UK ListingAuthority's Document Viewing Facility which is situated at: Financial ServicesAuthority, 25 The North Colonnade, Canary Wharf, London E14 5HS, telephone 0207066 1000. Enquiries Paul Forman Low & Bonar PLC 020 7535 3180David Armfield PricewaterhouseCoopers LLP 020 7583 5000Jonathan RaggettTom Willett ABN AMRO Corporate Finance Limited 020 7678 8000Richard WalkerTim Rowntree Hoare Govett Limited 020 7678 8000Dickie Hall Numis Securities Limited 020 7776 1500Iain McDonaldDavid Trenchard Tulchan Communications Group Ltd 020 7353 4200Peter Hewer This announcement has been issued by, and is the sole responsibility of, theCompany. Unless the context otherwise requires, terms defined in the Company'sannouncement dated 7 July 2006 have the same meaning where used in thisannouncement. This announcement shall not constitute an offer of, or the solicitation of any offer to acquire New Ordinary Shares or to take up entitlements to Nil Paid Rights in any jurisdiction in which such an offer or solicitation is unlawful. The distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. Any purchase of, or application for, securities in the Rights Issue should only be made on the basis of information contained in the Prospectus dated 7 July 2006, the Supplementary Prospectus dated 19 July 2006 and any further supplement thereto. This announcement is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. The New Ordinary Shares, the Nil Paid Rights and the Fully Paid Rights have not been, nor will they be, registered under the US Securities Act of 1933, as amended, or under the securities laws of any state in the United States or under the applicable securities laws of any Excluded Territory. Subject to certain exceptions, the New Ordinary Shares, the Nil Paid Rights and the Fully Paid Rights may not be offered or sold in the United States or in any Excluded Territory, or to or for the benefit of any national, resident or citizen of any Excluded Territory. A Circular to Shareholders relating to the Acquisition and a Prospectus relating to the Rights Issue was despatched on 7 July 2006. The Circular gives further details of the Acquisition and contains a notice of an Extraordinary General Meeting of the Company to approve the Acquisition, increase the authorised sharecapital of the Company and give power to the Directors to allot and issue the New Ordinary Shares. The Prospectus gives further details of the New Ordinary Shares, the Nil Paid Rights and the Fully Paid Rights to be offered pursuant to the Rights Issue, the Company's business, the industry in which the Company operates and an indication of the size of the Enlarged Group. ABN AMRO, which is authorised and regulated in the United Kingdom by theFinancial Services Authority, is acting exclusively for the Company in relationto the Acquisition and the Rights Issue and for no one else and will not beresponsible to anyone other than the Company for providing the protectionsafforded to its clients or for providing advice in relation to the Acquisitionor the Rights Issue, or any other matter referred to in this announcement. PricewaterhouseCoopers, which is authorised and regulated in the United Kingdomby the Financial Services Authority for designated investment business, isacting exclusively for the Company and for no one else in relation to theAcquisition and the Rights Issue and will not be responsible to anyone otherthan the Company for providing the protections afforded to clients ofPricewaterhouseCoopers or for providing advice in relation to the Acquisition orthe Rights Issue, or any other matter referred to in this announcement. Hoare Govett and Numis, both of which are authorised and regulated in the UnitedKingdom by the Financial Services Authority, are acting exclusively for theCompany and for no one else in relation to the Rights Issue and will not beresponsible to anyone other than the Company for providing the protectionsafforded to their clients or for providing advice in relation to the RightsIssue or any other matter referred to in this announcement. No statement in this announcement is intended to be a profit forecast and nostatement in this announcement should be interpreted to mean that earnings perOrdinary Share for the current or future financial years would necessarily matchor exceed the historical published earnings per Ordinary Share. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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