Pricing
Cookson Group PLC
11 October 2007
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO
AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES
Cookson Group plc announces result of equity placing
Cookson Group plc ('Cookson' or the 'Company') is pleased to announce the
successful completion of the placing announced (the 'Announcement') earlier
today (the 'Placing').
A total of 18,583,519 new ordinary shares of 10 pence each in Cookson (the
'Placing Shares') have been placed by JPMorgan Cazenove Limited and Merrill
Lynch International at a price of 825 pence per Placing Share, raising gross
proceeds of approximately £153 million. The Placing Shares being issued
represent approximately 9.6 per cent. of Cookson's issued ordinary share capital
prior to the Placing.
Such new shares will rank pari passu with the existing Ordinary Shares of
Cookson Group plc except that the interim dividend of 4.25p per Ordinary Share
payable on 15 October 2007 to ordinary shareholders on the Company's share
register as at 28 September 2007 will not be paid on such new shares.
Application will be made to the Financial Services Authority for admission of
the Placing Shares to the Official List maintained by the UK Listing Authority
and to the London Stock Exchange (the 'LSE') for admission to trading of the
Placing Shares on the LSE's main market for listed securities (together,
'Admission'). It is expected that Admission will take place on or before 17
October 2007 and that dealings in the Placing Shares on the LSE's main market
for listed securities will commence at the same time.
For further information:
Cookson:
Nick Salmon +44 (0) 20 7822 0000
Mike Butterworth +44 (0) 20 7822 0000
Anna Hartropp +44 (0) 20 7822 0000
JPMorgan Cazenove:
Patrick Magee +44 (0) 20 7155 4525
Jonathan Wilcox +44 (0) 20 7155 8608
Merrill Lynch International:
Oli Greaves +44 (0) 20 7996 1200
Aukse Jurkute +44 (0) 20 7995 3700
Hogarth:
John Olsen +44 (0) 20 7357 9477
Julian Walker +44 (0) 20 7357 9477
Note to editors:
Defined terms in this announcement have, unless the context otherwise requires,
the same meaning given to them in the Announcement.
Disclaimer
This announcement does not constitute an offer to sell or issue, or the
solicitation of an offer to buy or subscribe for, Placing Shares in any
jurisdiction including, without limitation, the United Kingdom, the United
States, Australia, Canada or Japan. This announcement and the information
contained herein is not for publication or distribution, directly or indirectly,
to persons in the United States, Australia, Canada, Japan or in any jurisdiction
in which such publication or distribution is unlawful.
The Placing Shares referred to in this announcement have not been and will not
be registered under the US Securities Act of 1933, as amended (the 'Securities
Act') or with any securities regulatory authority of any State or other
jurisdiction of the United States, and may not be offered, sold or transferred
within the United States except pursuant to an exemption from, or in a
transaction not subject to, the registration requirements of the Securities Act.
The distribution of this announcement and the Placing and/or issue of the
Placing Shares in certain jurisdictions may be restricted by law. No action has
been taken by the Company, the Managers, or any of their respective Affiliates,
that would permit an offer of the Placing Shares or possession or distribution
of this announcement or any other offering or publicity material relating to
such Placing Shares in any jurisdiction where action for that purpose is
required. Persons into whose possession this announcement comes are required by
the Company and the Managers to inform themselves about and to observe any such
restrictions.
Certain statements made in this announcement are forward looking statements.
Such forward looking statements are based on current expectations and numerous
assumptions regarding the Company's present and future business strategies and
the environments in which the Company will operate in the future. Such
assumptions may or may not prove to be correct and actual results and
performance could differ materially from any expected further results or
performances, express or implied, by the forward looking statements. Factors
that might cause forward looking statements to differ materially from actual
results include, among other things, changes in global, political, economic,
business, competitive, market and regulatory forces, future exchange and
interest rates and future business combinations or disposals. The Company
expressly disclaims and assumes no responsibility to update or revise any of the
forward looking statements contained in this announcement to reflect any change
in the Company's expectations with regard thereto or any change in events,
conditions or circumstances on which any such statement is based.
Any indication in this announcement of the price at which ordinary shares in 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 Managers are acting exclusively for Cookson in connection with the Placing
and no-one else and will not be responsible to anyone other than Cookson for
providing the protections afforded to their clients or for providing advice in
relation to the Placing or any matter referred to in this announcement.
This announcement 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 the Managers or by
any of their respective 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 invested party or its
advisers, and any liability therefore is hereby expressly disclaimed.
This information is provided by RNS
The company news service from the London Stock Exchange