Result of Rump Placing

RNS Number : 2344B

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 RUMP PLACING

Galliford Try announces that in accordance with the arrangements set out in Part III of the Prospectus, RBS Hoare Govett Limited and KBC Peel Hunt Ltd, acting as Joint Bookrunners, have procured subscribers for the New Ordinary Shares to be issued pursuant to the 7 for 6 Rights Issue (taking into account the Share Consolidation) announced by Galliford Try on 10 September 2009 for which valid acceptances were not received, at a price of 350 pence per New Ordinary Share.

The net proceeds from the sale of such shares after deduction of the issue price of 285 pence per New Ordinary Share and the expenses of procuring those subscribers, will be paid (without interest) to those Shareholders whose rights have lapsed in accordance with the terms of the Rights Issue, pro rata to their lapsed provisional allotments, except that individual amounts of less than £5.00 will not be paid to such persons but will be retained by the Company.

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 or 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.

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 in this Announcement, unless otherwise defined.

 

END

 

 

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