Admission of consideration shares

RNS Number : 1591P

Smith (DS) PLC

29 August 2017

 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO ANY JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO. PLEASE SEE THE IMPORTANT NOTICE WITHIN THIS ANNOUNCEMENT.

29 August 2017

DS SMITH PLC

ADMISSION TO TRADING ON THE LONDON STOCK EXCHANGE

DS Smith Plc (the Company) is pleased to announce that 52,474,156 new ordinary shares (the Consideration Shares) have been admitted to listing on the premium listing segment of the Official List of the Financial Conduct Authority and have been admitted to trading on the London Stock Exchange's main market for listed securities (Admission) at 8:00 a.m. today.

The Consideration Shares have been allotted to Merpas Co. S.à r.l. (Merpas) as partial consideration for the acquisition by the Company and its wholly-owned U.S. subsidiary, DS Smith Holdings, Inc., of 80 per cent. of the shares of common stock in the capital of Indevco Management Resources, Inc. from Merpas (the Acquisition). Completion of the Acquisition occurred on Friday 25 August 2017.

The Company confirms that, immediately following Admission of the Consideration Shares, the total number of ordinary shares in issue was 1,067,209,397.

For further information, please contact:

DS Smith Plc                                                                                                                        [phone]

Hugo Fisher, Group Communications Director

Rachel Stevens, Investor Relations Director

Bell Pottinger                                                                         

John Sunnucks                                                                                                                        [phone]

Ben Woodford                                                                                                                        [phone]

Important Notice

This announcement is for information purposes only and is not intended to and does not constitute, or form part of, any offer or invitation to purchase or otherwise acquire or dispose of, or any solicitation to purchase or otherwise acquire or dispose of, any securities in the United States, Australia, Canada, Japan, South Africa or any other jurisdiction in which such an offer or solicitation is unlawful. Persons needing advice should consult an independent financial adviser. The information contained in this announcement is not for release, publication or distribution to persons in any jurisdiction where to do so might constitute a violation of local securities laws or regulations.

This announcement has been issued by and is the sole responsibility of the Company. The information contained in this announcement is for background purposes only and does not purport to be full or complete. The information in this announcement is subject to change without notice.

The Consideration Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the Securities Act) or under any securities laws of any state or other jurisdiction of the United States and may not be offered or sold into or within the United States (as defined in Regulation S under the Securities Act (Regulation S)) absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities law. The Consideration Shares have not been approved or disapproved by the US Securities and Exchange Commission, any state securities commission or any other regulatory authority in the United States, nor have any such authorities passed upon or endorsed the merits of the Consideration Shares or the accuracy or adequacy of this announcement. Any representation to the contrary is a criminal offence in the United States.

The distribution of this announcement in certain jurisdictions may be restricted by law. No action has been taken by the Company 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 to inform themselves about, and to observe, such restrictions. The information contained in this announcement may not be forwarded or distributed to any other person and may not be reproduced in any manner whatsoever. Any forwarding, distribution, reproduction, or disclosure of any information contained in this announcement in whole or in part is unauthorised. Failure to comply with these restrictions may constitute a violation of the Securities Act or the applicable laws of other jurisdictions. Subject to certain exemptions, the securities referred to in this announcement may not be offered or sold in the United States, Australia, Canada, Japan, South Africa or certain other jurisdictions or for the account or benefit of any national resident or citizen of certain jurisdictions. No prospectus will be made available in connection with the matters contained in this announcement and no such prospectus is required to be published. Persons needing advice should consult an independent financial adviser. Persons (including, without limitation, nominees and trustees) who have a contractual or other legal obligation to forward a copy of the announcement of which it forms part should seek appropriate advice before taking any action.

Any indication in this announcement of the price at which the ordinary shares of the Company have been bought or sold in the past cannot be relied upon as a guide to future performance. No statement in this announcement is intended to be a profit forecast and no statement in this announcement should be interpreted to mean that earnings per share of the Company for the current or future financial years would necessarily match or exceed the historical published earnings per share of the Company. The price of the Consideration 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 Consideration Shares.

The Consideration Shares 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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