18th Apr 2007 07:01
Meggitt PLC18 April 2007 Immediate Release 18 April 2007 NOT FOR DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA. MEGGITT PLC 97.7 PER CENT. TAKE UP OF RIGHTS ISSUE IN CONNECTION WITH ACQUISITION OF K&F INDUSTRIES HOLDINGS, INC. The Board of Meggitt PLC is pleased to announce that by 11.00 am on 17 April2007, the latest time and date for acceptances, valid acceptances had beenreceived in respect of 213,251,676 New Shares, representing approximately 97.7per cent. of the total number of 218,187,729 New Shares offered to shareholderspursuant to the 1 for 2 rights issue announced on 6 March 2007 in connectionwith the acquisition of K&F Industries Holdings, Inc.. In accordance with the arrangements referred to in the Prospectus dated 6 March2007, subscribers have today been procured at a price of 297 pence per New Share(gross of expenses) for those New Shares for which valid acceptances were notreceived. The net proceeds of such subscription, after deduction of the rightsissue price of 200p per New Share and the expenses of procuring suchsubscription, will be paid in accordance with the terms of the Rights Issue, tothe shareholders who have not taken up their entitlements, pro rata to theirlapsed provisional allotments, except that individual amounts of less than £5.00will be retained by the Company for the benefit of Meggitt. Sub-underwriterswill accordingly not be required to subscribe for any New Ordinary Shares. The rights issue was underwritten by N M Rothschild & Sons Limited("Rothschild") and Merrill Lynch International and the brokers to the issue wereMerrill Lynch International. For further information please contact: Meggitt PLC 01202 597 597Terry Twigger, Chief ExecutiveStephen Young, Group Finance Director Buchanan Communications 020 7466 5000Jeremy Garcia / Charles Ryland N M Rothschild & Sons Limited is acting exclusively for Meggitt and for no-oneelse in relation to the Acquisition and the Rights Issue, and will not beresponsible to any other person for providing the protections afforded toclients of N M Rothschild & Sons Limited nor for providing advice in connectionwith the Acquisition or the Rights Issue. Merrill Lynch International is acting exclusively for Meggitt and for no-oneelse in relation to the Rights Issue, and will not be responsible to any otherperson for providing the protections afforded to clients of Merrill LynchInternational nor for providing advice in connection with the Rights Issue. This announcement does not constitute an offer to sell or a solicitation of anoffer to buy New Shares in any jurisdiction in which such offer or solicitationis unlawful. Neither this announcement, nor the Prospectus will be distributedin or into the United States, Australia, Canada, Japan or South Africa. This announcement is not an offer of securities for sale in, into or from theUnited States, Australia, Canada, Japan or South Africa. The New Ordinary Shareshave not been and will not be registered under the US Securities Act of 1933 (asamended) or under any relevant securities laws of any state or otherjurisdiction of the United States, and will not qualify for distribution underany of the relevant securities laws of Australia, Canada, Japan or South Africa.Accordingly, the New Ordinary Shares, may not be offered, sold, taken up,exercised, resold, renounced, transferred or delivered, directly or indirectly,within the United States, Australia, Canada, Japan or South Africa. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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