Northgate PLC
31 January 2006
31 January 2006
NORTHGATE PLC ('NORTHGATE' OR THE 'COMPANY')
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO
THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN
THIS IS NOT AN OFFER OF SECURITIES FOR SALE INTO THE UNITED STATES, CANADA,
AUSTRALIA OR JAPAN
Result of placing (the 'Placing')
Northgate is pleased to announce the successful completion of the Placing
announced earlier today. A total of 6,050,000 new ordinary shares of five pence
each ('Placing Shares'), representing approximately 9.4 per cent. of Northgate's
existing issued share capital, have been placed, by Hoare Govett Limited, with
institutions at a price of 1065 pence per share, raising approximately
£64.4million before expenses.
The Placing Shares will be issued credited as fully paid and will rank pari
passu in all respects with the existing ordinary shares of Northgate, including
the right to receive all dividends and other distributions declared, made or
paid after the date of issue of the Placing Shares. The Placing Shares do not
rank for the interim dividend declared by Northgate on 10 January 2006, for
which the Record Date was 20 January 2006.
The Placing is conditional, inter alia, on admission of the Placing Shares to
the Official List of the Financial Services Authority and to trading on the
London Stock Exchange (together 'Admission').
Application has been made for Admission and it is expected that settlement will
occur, Admission will become effective and dealings in the Placing Shares will
commence on 3 February 2006.
Enquiries:
Northgate plc
Steve Smith, Chief Executive Officer 01325 467 558
Gerard Murrary, Finance Director
Hoare Govett Limited
Andrew Foster 020 7678 8000
John MacGowan
Hogarth Partnership Limited
Andrew Jaques 020 7357 9477
Barnaby Fry
This announcement is for information purposes only and does not constitute an
offer or invitation to acquire or dispose of any securities or investment advice
in any jurisdiction.
Past performance is no guide to future performance and persons needing advice
should consult an independent financial adviser.
Hoare Govett Limited, which is authorised and regulated by the Financial
Services Authority, is acting exclusively for Northgate and for no one else
solely in connection with the Placing and will not be responsible to anyone
other than Northgate for providing the protections afforded to the customers of
Hoare Govett Limited or for providing advice in relation to the Placing.
This written announcement is not an offer of securities for sale in the United
States. Placing Shares may not be offered or sold in the United States absent
registration under the US Securities Act of 1933, as amended or an exemption
therefrom. The Company has not and does not intend to offer any securities to
the public in the United States. No money, securities or other consideration
from any person inside the United States is being solicited and, if sent in
response to the information contained in this announcement, will not be
accepted. The Placing Shares have not been and will not be registered with any
regulatory authority of any state within the United States.
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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