Results of Placing

RNS Number : 4127I

Oxford Instruments PLC

14 June 2011

 



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

OXFORD INSTRUMENTS PLC
("Oxford Instruments" or the "Company")

14 June 2011

Results of Placing

Oxford Instruments is pleased to announce the successful completion of the placing announced earlier today (the "Placing").

A total of 5,013,121 new ordinary shares of 5 pence each (the "Placing Shares") have been placed by J.P. Morgan Securities Ltd., which conducts its UK investment banking activities as J.P. Morgan Cazenove ("J.P. Morgan Cazenove") at a price of 775 pence per Placing Share, raising proceeds of approximately £39 million (before expenses). The Placing Shares being issued represent 9.99 per cent. of the issued ordinary share capital of the Company prior to the Placing.

Applications have been made for admission of the Placing Shares to the premium listing segment of the Official List of the UK Listing Authority and to trading on the main market of the London Stock Exchange (together "Admission"). It is expected that Admission will take place at 8.00 a.m. on 17 June 2011 at which time dealings in the Placing Shares will commence.

The Placing Shares, when issued, will be fully paid and will rank pari passu in all respects with the existing ordinary shares of the Company including the right to receive all dividends and other distributions declared, made or paid after the date of issue, including the proposed final dividend of 6.48 pence per share for the year to 31 March 2011 as set out in the announcement of the Company's preliminary results earlier today.

Enquiries

Oxford Instruments Plc                                                                          [phone]

Jonathan Flint - Chief Executive

Kevin Boyd - Group Finance Director

J.P. Morgan Cazenove                                                                           [phone]

Robert Constant

Shona Graham

Important Information

The information contained in this announcement is not for publication, release or distribution, in whole or in part, directly or indirectly, in or into the United States, Australia, Canada, Japan or South Africa or any other jurisdiction in which publication, release or distribution would be unlawful.

The Placing Shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act") and may not be offered, sold or transferred, directly or indirectly, in or into the United States absent registration under the Securities Act, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The Placing Shares are being offered and sold outside the United States only in offshore transactions in accordance with Regulation S under the Securities Act. No public offering of the Placing Shares is being made in the United States.

This announcement does not constitute an offer to sell or issue or a solicitation of an offer to buy or subscribe for Placing Shares in any jurisdiction including, without limitation, the United States, Canada, Australia, Japan, South Africa or any other jurisdiction in which such offer or solicitation is or may be unlawful.

J.P. Morgan Cazenove, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting as advisor exclusively to Oxford Instruments Plc and is acting for no-one else in connection with the Placing and will not be responsible to anyone other than Oxford Instruments Plc for providing the protections afforded to clients of J.P. Morgan Cazenove nor for providing advice in connection with the Placing, or any other matter referred to in this announcement.

The distribution of this Announcement and the offering of the Placing Shares in certain jurisdictions may be restricted by law. No action has been taken by the Company or J.P. Morgan Cazenove that would permit an offering of such 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 J.P. Morgan Cazenove to inform themselves about, and to observe, such restrictions.

This Announcement has been issued by, and is the sole responsibility of, the Company. 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 J.P. Morgan Cazenove or by any of its 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.

The price of shares and the income from them may go down as well as up and investors may not get back the full amount invested on disposal of the shares. Past performance is no guide to future performance and persons needing advice should consult an independent financial adviser.

The Placing Shares to be issued pursuant to the Placing will not be admitted to trading on any stock exchange other than the London Stock Exchange.

Neither the content of the Company's website nor any website accessible by hyperlinks on the Company's website is incorporated in, or forms part of, this Announcement.

 

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