Successful Placing of Rights

RNS Number : 8166T

Travis Perkins PLC

12 June 2009

 



TRAVIS PERKINS

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, NEW ZEALAND OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. 

TRAVIS PERKINS PLC 

SUCCESSFUL PLACING OF RIGHTS ISSUE RUMP

12 June 2009

Travis Perkins plc ('Travis Perkins' or the 'Company') announced previously that, as at 11.00 a.m. on 11 June 2009, being the latest time and date of receipt of valid acceptances, it had received valid acceptances in respect of 79,607,526 New Shares, representing approximately 92.7 per cent of the total number of New Shares offered pursuant to the Rights Issue announced by the Company on 11 May 2009.  

Travis Perkins confirms that, in accordance with the arrangements set out in Part III of the Prospectus dated 11 May 2009, Citigroup Global Markets U.K. Equity Limited and HSBC Bank plc, acting as joint bookrunners, have procured acquirors for the 6,295,853 remaining New Shares, for which valid acceptances were not received, at a price of 550 pence per share.

The net proceeds from the sale of these New Shares, after deduction of the Rights Issue Price of 365 pence per New Share and relevant costs (including any applicable brokerage and commissions and value added tax), 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, save that individual amounts of less than £5.00 will not be so paid but will be retained for the benefit of the Company. 

Defined terms used in this announcement shall have the same meanings as in the Prospectus issued by the Company in connection with the Rights Issue dated 11 May 2009, unless the context requires otherwise. 

Contacts: 

Travis Perkins Plc   Geoff Cooper, Chief Executive Officer Paul Hampden Smith, Finance Director	[phone]
Square1 Consulting Limited David Bick Mike Feltham Mark Longson	[phone]
Citigroup Global Markets U.K. Equity Limited David James Simon Alexander Bertie Whitehead	[phone]
HSBC Charles Packshaw Simon Cloke Nick Donald	+ 44 (0) 207 991 8888

This announcement is an advertisement. It is not a prospectus and investors should not subscribe for or purchase any shares referred to in this announcement except on the basis of information in the Prospectus issued by the Company in connection with the Rights Issue dated 11 May 2009 (the 'Prospectus') which is available from the registered office of Travis Perkins at Lodge Way House, Lodge Way, Harlestone Road, Northampton NN5 7UG and on the Travis Perkins website at www.travisperkinsplc.com. This announcement does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to acquire, the Nil Paid Rights, the Fully Paid Rights or the New Shares offered by any person in any jurisdiction in which such an offer or solicitation is unlawful. 

This announcement and the information contained herein do not contain or constitute an offer for sale or the solicitation of an offer to purchase securities in the United States. The Nil Paid Rights, the Fully Paid Rights and the New Shares referred to herein 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 in the United States absent registration under the Securities Act or an available exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There will be no public offer of the Nil Paid Rights, the Fully Paid Rights or the New Shares in the United States.

This announcement and the information contained herein do not contain or constitute an offer for sale or the solicitation of an offer to purchase securities in Australia, Canada, Japan, South Africa, New Zealand or any other jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction, and no public offer of rights or shares will be made in such jurisdictions. 

The Nil Paid Rights, the Fully Paid Rights and the New Shares have not been and will not be registered under the securities laws of such jurisdictions and may not be offered, sold, taken up, exercised, resold, renounced, transferred or delivered, directly or indirectly, within such jurisdictions except pursuant to an exemption from and in compliance with any applicable securities laws. 

The distribution of this announcement and/or the Prospectus and/or the Provisional Allotment Letters and/or the transfer of the Nil Paid Rights, Fully Paid Rights and/or New Shares into jurisdictions other than the UK may be restricted by law. Persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. 

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

The Joint Sponsors, the Underwriters and Tricorn Partners are acting exclusively for Travis Perkins and no one else in connection with the Rights Issue and will not regard any other person as their respective client in relation to the Rights Issue and will not be responsible to anyone other than Travis Perkins for providing the protections afforded to their respective clients or for providing advice in relation to the Rights Issue or any matters referred to in this announcement. 

Apart from the responsibilities and liabilities, if any, which may be imposed on the Underwriters by the FSMA, none of the Underwriters accepts any responsibility whatsoever and makes no representation or warranty, express or implied, for or in respect of the contents of this announcement, including its accuracy, completeness or verification or regarding the legality of an investment in the Nil Paid Rights, the Fully Paid Rights or the New Shares by an offeree or purchaser thereof under the laws applicable to such offeree or purchaser or for any other statement made or purported to be made by them, or on their behalf, in connection with Travis Perkins, the Nil Paid Rights, the Fully Paid Rights, the New Shares or the Rights Issue, and nothing in this announcement is, or shall be relied upon as, a promise or representation in this respect, whether as to the past or future. The Underwriters accordingly disclaim any responsibility and liability whether arising in tort, contract or otherwise which they might otherwise be found to have in respect of this announcement or any such statement. 

 

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