Result of Rights Issue

RNS Number : 1952B

Galliford Try PLC

22 October 2009

 



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

22 October 2009

Galliford Try plc ("Galliford Try" or the "Company")

RESULTS OF RIGHTS ISSUE

Galliford Try announces that, as at 11.00 a.m on 21 October 2009, being the latest time and date for receipt of valid subscriptions, it had received valid acceptances in respect of 40,343,660 New Ordinary Shares, representing approximately 91.54 per cent. of the total number of New Ordinary Shares offered to Shareholders pursuant to the 7 for 6 Rights Issue (taking into account the Share Consolidation) announced by Galliford Try on 10 September 2009.

It is expected that the New Ordinary Shares in uncertificated form will be credited to CREST accounts by 8.00 a.m. today and that definitive share certificates in respect of New Ordinary Shares in certificated form will be despatched to Shareholders by no later than 28 October 2009. It is expected that dealings in New Ordinary Shares, fully paid, will commence on the London Stock Exchange's main market for listed securities at 8.00 a.m. today.

In accordance with the arrangements set out in Part III of the prospectus issued by Galliford Try in connection with the Rights Issued dated 10 September 2009, RBS Hoare Govett Limited and KBC Peel Hunt Ltd, acting as Joint Bookrunners, will be seeking to procure subscribers for the remaining 3,729,129 New Ordinary Shares for which valid acceptances were not received, failing which the Joint Underwriters and Co-Lead Managers have agreed severally to subscribe themselves for those New Ordinary Shares. A further announcement as to the number of New Ordinary Shares for which subscribers have been procured will be made in due course.

Contacts

For further information, please contact:

Galliford Try plc:

Greg Fitzgerald, Chief Executive                                             01895 855219

Richard Barraclough, Company Secretary                              01895 855204

Kerry Chadwick, PR Manager                                               01895 855153

Rothschild (Financial Adviser and Joint Sponsor):                [phone]

John Deans 

Adam Young

Kevin Ramsden

RBS Hoare Govett (Joint Bookrunner and Joint Sponsor):    [phone]

Simon Hardy 

Richard Crichton

Lee Morton

KBC Peel Hunt (Joint Bookrunner):                                      [phone]

Julian Blunt/David Anderson (Corporate Finance)

Marianne Woods/Nicholas Marren (Corporate Broking)

IMPORTANT NOTICE

This Announcement is not for release, publication or distribution, directly or indirectly, in or into the United States, Australia, Canada, Japan or the Republic of South Africa or any other jurisdiction into which the same would be unlawful.

This Announcement does not contain or constitute an offer of, or the solicitation of an offer to buy or subscribe for, securities to any person in Australia, Canada, Japan, the Republic of South Africa or the United States or in any jurisdiction to whom or in which such offer or solicitation is unlawful. Subject to certain exceptions, the securities referred to herein may not be offered or sold in Australia, Canada, Japan, the Republic of South Africa or the United States or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada, Japan, the Republic of South Africa or the United States. The offer and sale of the securities referred to herein has not been and will not be registered under the Securities Act or under the applicable securities laws of Australia, Canada, Japan or the Republic of South Africa. There will be no public offer of the securities in the United States. The availability of the Rights Issue to persons not resident in the United Kingdom may be affected by the laws of the relevant jurisdictions. Such persons should inform themselves about and observe any applicable requirements.

This Announcement is for information only and does not constitute or form part of any offer or invitation to issue, acquire or dispose of any securities or investment advice in any jurisdiction.

This Announcement is an advertisement and not a prospectus and investors should not subscribe for or purchase any New Ordinary Shares referred to in this Announcement in connection with the Rights Issue except on the basis of information contained in the Prospectus.

The Prospectus is available to view on the Group's website (www.gallifordtry.co.uk) or can be inspected at the offices of Galliford Try plc, Cowley Business Park, Cowley, Uxbridge, Middlesex UB8 2AL.

Each of Rothschild, RBS Hoare Govett Limited, KBC Peel Hunt Ltd, HSBC Bank plc, Barclays Bank PLC and Lloyds TSB Bank plc are authorised and regulated in the UK by the FSA and are acting exclusively for the Company in connection with the Rights Issue and not for any other person and will not be responsible to any other person for providing the protections afforded to their respective customers, or for providing advice in relation to the Rights Issue, the contents of this document and the accompanying documents or any arrangements referred to therein.

Terms defined in the Prospectus issued by the Company on 10 September 2009 have the same meanings as this Announcement, unless otherwise defined.

 

END

 

 

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