2009 Offer for B Shares

RNS Number : 1247X

3i Group PLC

10 August 2009

 



3i Group plc 

10 August 2009

This document should not be transmitted, distributed, published or released in whole or in part in or into Australia, Canada, Japan or the United States of America or in or into any other jurisdiction where to do so would break the law in that jurisdiction. 

3i Group plc

2009 Offer for B Shares

3i Group plc ('3i') has appointed Merrill Lynch International (the 'Broker') for the purposes of the Broker's Offer as defined in, and to be implemented in accordance with, 3i's letter to holders of B Shares dated 8 July 2009 (the 'Booklet'). 

The Broker agrees to purchase, acting as principal, 4,670,975 B Shares in an on-market transaction on the terms set out in the Booklet. This is the number of B Shares in respect of which valid elections have been received and not withdrawn in favour of participation in the Broker's Offer.  The Broker will purchase those B Shares for 127 pence each, free of all dealing expenses and commissions. 

It is expected that cheques will be sent to relevant B Shareholders or relevant B Shareholders will have their CREST accounts credited, as appropriate, in respect of the proceeds of the B Shares purchased under the Broker's Offer on or around 13 August 2009. It is expected that sales advices and balance B Share certificates will be sent to relevant B Shareholders, and CREST accounts of relevant B Shareholders credited with any balance of B Shares, on or around the same date. 

Notes: 

Terms not defined in this announcement have the meanings given in Part 5 (Definitions) of the Booklet. 

Further information and copies of the Booklet can be found on 3i's investor relations website at www.3igroup.com. 

For further information:

3i Group plc:                                 020 7975 3242

Patrick Dunne 

Merrill Lynch International:            020 7628 1000

Mark Astaire

Matthew Blawat

Paul Frankfurt

Additional Information: 

None of the B Shares has been or will be registered under the US Securities Act of 1933 or any state securities laws of the United States. Accordingly, none of the B Shares may be offered, transferred or sold in the United States unless a specific exemption applies. Neither the B Shares, the Booklet nor this announcement have been approved, disapproved or otherwise recommended by any US federal or state securities commission nor has such a commission confirmed the accuracy or determined the adequacy of this announcement or the Booklet.  Any representation to the contrary is a criminal offence in the United States.  

Merrill Lynch International, which is authorised and regulated by the Financial Services Authority, is acting for 3i and for no-one else in connection with the contents of this document and will not be responsible to anyone other than 3i for providing the protections afforded to clients of Merrill Lynch International, or for affording advice in relation to the contents of this document or any matters referred to herein.  

 

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