Stabilisation Notice

RNS Number : 9941D

HSS Hire Group PLC

04 February 2015

 

Not for RELEASE, PUBLICATION OR distribution, directly or indirectly, IN WHOLE OR IN PART, in or into the United States of America, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA or any OTHER jurisdiction in which such distribution would be unlawful

HSS Hire Group plc

Stabilisation Notice

4 February 2015

J.P. Morgan Securities plc (contact: Manuel Esteve; telephone: [phone]) hereby gives notice that it may stabilise the offer of the following securities in accordance with Commission Regulation (EC) No. 2273/2003 implementing the Market Abuse Directive (2003/6/EC).

The securities:
Issuer:	HSS Hire Group plc
Shares:	Ordinary Shares of £0.01 each (ISIN: GB00BVFD4645)
Offering size:	54,166,667 Shares
Offer price:	210 pence per Share
Stabilisation:
Stabilising Manager:	J.P. Morgan Securities plc
Stabilisation period expected to start on:	04 February 2015
Stabilisation period expected to end no later than:	06 March 2015
Maximum size of over-allotment facility:	5,416,666 Shares
Greenshoe Option:
Terms:	Certain shareholders of the Issuer have granted to the Stabilising Manager the option to acquire up to an additional 5,416,666 Shares
Duration:	This option may be exercised by the Stabilising Manager in whole or in part on one or more occasions at any time from 04 February 2015 to 06 March 2015

In connection with the offer of the above securities, the Stabilising Manager may over-allot the securities or effect transactions with a view to supporting the market price of the securities at a level higher than that which might otherwise prevail. However, there is no assurance that the Stabilising Manager will take any stabilisation action and any stabilisation action, if begun, may be ended at any time without prior notice. Any stabilisation action or over-allotment shall be conducted in accordance with all applicable laws and rules.

This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.

This announcement is not for release, publication or distribution, directly or indirectly, in or into the United States of America (including its territories and possessions, any state of the United States of America and the District of Columbia) (the "United States"), Australia, Canada, Japan, South Africa or any other jurisdiction where such release, publication or distribution would be unlawful. This announcement does not contain or constitute, or form part of, an offer to sell, or a solicitation of an offer to purchase, any securities in the United States, Australia, Canada, Japan, South Africa or any other jurisdiction where such an offer would be unlawful.

The securities of the Issuer have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold within the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The securities referred to herein have not been registered under the applicable securities laws of Australia, Canada, Japan or South Africa and, subject to certain exceptions, may not be offered or sold within Australia, Canada, Japan or South Africa or to any national, resident or citizen of Australia, Canada, Japan or South Africa. The release, publication or distribution of this announcement in other jurisdictions may be restricted by law and persons into whose possession this announcement comes should inform themselves about, and observe, such restrictions.

In addition, if and to the extent that this announcement is communicated in, or the offer of the securities to which it relates is made in, any EEA Member State that has implemented Directive 2003/71/EC (together with any applicable implementing measures in any Member State, the "Prospectus Directive") before the publication of a prospectus in relation to the securities which has been approved by the competent authority in that Member State in accordance with the Prospectus Directive (or which has been approved by a competent authority in another Member State and notified to the competent authority in that Member State in accordance with the Prospectus Directive), this announcement and the offer are only addressed to and directed at persons in that Member State who are "qualified investors" within the meaning of the Prospectus Directive (or who are other persons to whom the offer may lawfully be made) and must not be acted on or relied on by other persons in that Member State.

 

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