Result of Rights Issue

RNS Number : 9300T

Marshalls PLC

16 June 2009

 



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA, MALTA, NEW ZEALAND OR ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.

Marshalls plc

16 June 2009

Result of Rights Issue

Marshalls plc ('Marshalls' or 'the Company') announces that it has received valid acceptances in respect of 50,885,764 New Ordinary Shares, representing approximately 90.4% of the total number of New Ordinary Shares offered to Qualifying Shareholders, pursuant to the Rights Issue announced by the Company on 13 May 2009.  

It is expected that the New Ordinary Shares in uncertificated form will be credited to CREST accounts on 16 June 2009 and that definitive share certificates in respect of New Ordinary Shares in certificated form will be dispatched to Shareholders by no later than 23 June 2009. It is expected that the New Ordinary Shares will commence trading fully paid on London Stock Exchange plc's main market for listed securities on 16 June 2009.  

As disclosed in Part III of the prospectus sent to shareholders dated 13 May 2009 ('Prospectus'), Citi and Numis will endeavour to procure subscribers for the balance of 5,386,737 New Ordinary Shares not validly taken up under the Rights Issue, on and subject to the terms and conditions agreed with the Company under the Underwriting Agreement. A further announcement as to the number of New Ordinary Shares for which subscribers have been so procured will be made in due course.  

Unless otherwise defined in this announcement, capitalised terms shall have the meaning given to them in the Prospectus.

Contacts

For further information please contact:

Marshalls plc                                  Tel: [phone]

Graham Holden, Chief Executive

Ian Burrell, Finance Director

Brunswick Group LLP                   Tel: [phone]

Jon Coles

Kate Miller

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, South Africa, Malta, New Zealand or the United States or in any jurisdiction to whom or in which such offer or solicitation is unlawful. The securities referred to herein may not be offered or sold in the United States absent registration under the United States Securities Act of 1933, as amended ('Securities Act') or another exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. Subject to certain exceptions, the securities referred to herein may not be offered or sold in Australia, Canada, Japan, South Africa, Malta or New Zealand or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada, Japan, South Africa, Malta or New Zealand. 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, South Africa, Malta or New Zealand. 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 application requirements.

Citigroup Global Markets Limited and Citigroup Global Markets U.K. Equity Limited (each and together, 'Citi') and Numis Securities Limited ('Numis') are each regulated and authorised by the Financial Services Authority in the United Kingdom. Citi and Numis are each acting exclusively for the Company and no one else as Joint Bookrunner in connection with the Rights Issue and the Admission of the New Ordinary Shares and will not regard any other person (whether or not a recipient of this announcement) as a client in relation to the Rights Issue and the Admission of the New Ordinary Shares and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Citi or Numis or for providing advice in relation to the Rights Issue, the Admission of the New Ordinary Shares, the contents of this announcement or any matters or arrangements referred to herein or therein.

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 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 the information contained in the Prospectus.

 

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