Guinness Peat Group PLC
06 April 2006
GUINNESS PEAT GROUP PLC
PLACEMENT OF SHARES SUCCESSFUL
This announcement is not for release, distribution or publication, whether
directly or indirectly and whether in whole or in part, into or in the United
States, Canada and Japan, and it does not constitute an offer of securities for
sale into any of those jurisdictions.
Further to the announcement made by Guinness Peat Group plc ("GPG") yesterday
regarding the placement of new ordinary shares in ("Shares") in GPG, the
placement price and issue size have now been determined following the book build
process.
The placement price was set at NZ$2.60 (UK£0.913) per Share and, subject to
completion of the placement, 51,000,000 Shares will be issued.
Based on the placement price, the gross proceeds expected to be received by GPG
are NZ$132.6 million (UK£46.6 million). It is expected that the Shares to be
issued will represent about 5.19% of GPG's issued ordinary share capital prior
to the placement.
GPG has applied for listing of the Shares by the Australian Stock Exchange
("ASX") in CDI form and for admission of the Shares to the Official List of the
UK Listing Authority and for admission to trading on the London Stock Exchange's
("LSE") main market for listed securities. The Shares will be freely tradable
on the New Zealand Stock Exchange ("NZSX") on advice being given to New Zealand
Exchange Limited that the Shares have been issued. It is expected that listing
of the Shares by the UKLA, admission to trading on the LSE, and trading on the
ASX and NZSX, will take place on 13 April 2006.
Goldman Sachs JBWere (NZ) Limited is the lead manager and sole book runner for
the placement.
JR Russell
Company Secretary 6 April 2006
For queries please contact:
New Zealand: Tony Gibbs (Director) Tel: 0064 9 379 8888
Australia: Gary Weiss (Director) Tel: 00 612 8298 4300
London: Blake Nixon: (Director) Tel: 020 7484 3370
This announcement is for information purposes only and is not intended to
constitute, and should not be construed as, an offer or invitation to buy or
dispose of any Shares (or other securities) or investment advice in any
jurisdiction. The Shares will be offered in a private placement to eligible
institutional investors only. No prospectus has been or will be published in
connection with the placing of the Shares. The total number of Shares to be
allotted will be less than 10% of the total number of shares currently listed on
the LSE and ASX, and quoted on the NZSX.
The Shares have not been and will not be registered under the US Securities Act
of 1933, as amended (the "US Securities Act") and may not be offered or sold in
the United States absent registration or exemption from registration under the
US Securities Act. There will be no public offering of the Shares (or any other
securities) in the United States. The Shares will not be the subject of an offer
of securities to the public in the United Kingdom within the meaning of Section
102B of the Financial Services and Markets Act 2000. This announcement is only
being distributed to and is only directed at: (i) persons who are outside the
United Kingdom; or (ii) to investment professionals in the United Kingdom
falling within Article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 (the "Order"); or (iii) high net worth
entities, and other persons, in the United Kingdom, to whom it may lawfully be
communicated, falling within Article 49(2)(a) to (d) of the Order (all such
persons referred to as "Relevant Persons"). The Shares are only available to,
and any invitation, offer or agreement to subscribe, purchase or otherwise
acquire such securities will be engaged in only with, Relevant Persons. Any
person who is not a Relevant Person should not act or rely on this announcement
or any of its contents. Persons distributing this announcement should satisfy
themselves that it is lawful to do so.
The Shares may not be offered or sold in Hong Kong other than to professional
investors within the meaning of the Securities and Futures Ordinance of Hong
Kong and in circumstances that do not constitute a public offer within the
meaning of the Companies Ordinance of Hong Kong.
This information is provided by RNS
The company news service from the London Stock Exchange
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