Results of Equity Issue

RNS Number : 9213U

Bilfinger Berger Gbl Infrstre SICAV

06 December 2013

 



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, TO US PERSONS OR IN OR INTO THE UNITED STATES, OR INTO OR FROM CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA.

This announcement is an advertisement and not a prospectus.  This announcement does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or solicitation of any offer to buy or subscribe for, any shares in Bilfinger Berger Global Infrastructure SICAV S.A. (the "Company") or securities in any other entity, in any jurisdiction, including the United States, nor shall it, or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection with, any contract or investment decision whatsoever, in any jurisdiction.  This announcement does not constitute a recommendation regarding any securities.

Any investment decision must be made exclusively on the basis of the prospectus published by the Company and any supplement thereto in connection with the admission of new ordinary shares in the Company to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities.

Bilfinger Berger Global Infrastructure SICAV S.A.

Results of Placing, Open Offer and Offer for Subscription

Bilfinger Berger Global Infrastructure SICAV S.A. ("BBGI" or the "Company") is pleased to announce the results of the Placing, Open Offer and Offer for Subscription (the "Issue"). The final size of the Issue has been determined to be £145 million, taking into account the adjusted number of Pipeline Assets and the agreements to acquire additional minority interests in certain Existing Portfolio assets and Pipeline Assets as previously announced. The Issue was substantially oversubscribed.

In accordance with the terms and conditions of the Issue, all applications made pursuant to the Open Offer (other than New Shares applied for under the Excess Application Facility which have been scaled back pro rata to shareholders existing shareholdings) have been met in full and a scaling back exercise has been undertaken with respect to applications received pursuant to the Placing and Offer for Subscription.

The Net Issue Proceeds are expected to be used by the Company for the acquisition of the remaining Pipeline Assets and to finance the acquisition of Further Investments or for other working capital purposes.

A total of 133,149,679 New Shares will be issued at a price of 108.9p (subject to Admission, as defined below), of which 116,969,586 New Shares will be issued pursuant to the Open Offer, 1,013,338 New Shares will be issued pursuant to the Offer for Subscription and 15,166,755 New Shares will be issued pursuant to the Placing.

Application has been made for the New Shares to be admitted to the Official List of the UK Listing Authority and to trading on the Main Market of the London Stock Exchange ("Admission"). It is expected that Admission will become effective and dealings in the New Shares will commence at 8.00 a.m. on 11 December 2013.

Following Admission, the number of ordinary shares that the Company has in issue will be 425,573,646. The total number of voting rights of the Company will be 425,573,646 and this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company.

Unless otherwise defined, the terms used in this Announcement shall have the same meaning as set out in the Prospectus.

For further information please contact:

BBGI Management Team                                Tel: [phone]

Frank Schramm

Duncan Ball

Jefferies International Limited                        Tel: [phone]

Gary Gould

Alex Collins

Oriel Securities Limited                                  Tel: [phone]

Neil Winward

Tom Yeadon

Maitland                                                          Tel:  [phone]

Liz Morley

Important Information

This announcement has been issued by and is the sole responsibility of the Company.

Jefferies International Limited and Oriel Securities Limited (together, the Joint Sponsors) each of which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, are acting exclusively for the Company and no-one else in connection with the Issue or the matters referred to in this announcement, will not regard any other person as their respective client in relation to the Issue and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients or for providing advice in relation to the Issue or any transaction or arrangement referred to in this announcement.

No representation or warranty express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by the Joint Sponsors or by any of their respective affiliates or agents as to or in relation to, the accuracy or completeness of this Announcement or any other written or oral information made available to or publicly available to any interested party or its advisers, and any liability therefore is expressly disclaimed.

This document is not for release, publication or distribution (directly or indirectly) in or into the United States, Canada, Australia, Japan or the Republic of South Africa, to any "US person" as defined in Regulation S under the United States Securities Act of 1933, as amended (the "Securities Act") or into any other jurisdiction where applicable laws prohibit its release, distribution or publication. The distribution of this Announcement and the Placing, Open Offer and Offer for Subscription in certain jurisdictions may be restricted by law. No action has been taken by the Company or the Joint Sponsors that would permit an offering of the New Shares or possession or distribution of this Announcement or any other offering or publicity material relating to such shares in any jurisdiction where action for that purpose is required. Persons into whose possession this Announcement comes are required by the Company and the Joint Sponsors to inform themselves about, and to observe, such restrictions.

The ordinary shares of the Company have not been and will not be registered under the Securities Act or with any securities regulatory authority of any state or other jurisdiction of the United States and, subject to certain exceptions, may not be offered or sold within the United States or to, or for the account or benefit of, US Persons.  The Company will not be registered as an "investment company" under the Investment Company Act of 1940, and investors will not be entitled to the benefits of that Act.  In addition, relevant clearances have not been, and will not be, obtained from the securities commission (or equivalent) of any province of Australia, Canada, Japan or the Republic of South Africa.

This announcement is for information purposes only and does not constitute an invitation to subscribe for or otherwise acquire or dispose of securities in the Company in any jurisdiction. The information contained in this Announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this Announcement or its accuracy or completeness, This announcement does not constitute or form part of any offer to issue or sell, or any solicitation of any offer to subscribe or purchase, any investments nor shall it (or the fact of its distribution) form the basis of, or be relied on in connection with, any contract therefor.

Certain statements in this Announcement are forward-looking statements which are based on the Company's expectations, intentions and projections regarding its future performance, anticipated events or trends and other matters that are not historical facts. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Given these risks and uncertainties, prospective investors are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date of such statements and, except as required by applicable law, the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise. The information contained in this Announcement is subject to change without notice and neither the Company nor the Joint Sponsors assume any responsibility or obligation to update publicly or review any of the forward-looking statements contained herein.

 

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