Result of Placing
Wolseley PLC
25 September 2006
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE
UNITED STATES, CANADA, AUSTRALIA OR JAPAN
NEWS RELEASE
25 September 2006
Wolseley plc
Results of the Placing of New Ordinary Shares by Wolseley
Placing Price set at 1100 pence per New Ordinary Share
Wolseley plc ('Wolseley'), the world's largest specialist trade distributor of
plumbing and heating products to professional contractors and a leading supplier
of building materials and services is pleased to announce that, further to this
morning's announcement (the 'Announcement') regarding the Placing of 59,500,000
new ordinary shares of 25 pence each in Wolseley (the 'Placing Shares'), the
Placing Shares have, following the successful completion of the bookbuild
process, been placed by UBS Limited and Hoare Govett Limited at a price of 1100
pence per share, raising gross proceeds of approximately £655 million. The
Placing Shares being issued represent approximately 10 per cent. of Wolseley's
issued ordinary share capital immediately prior to the Placing. The Placing was
underwritten by UBS Limited and Hoare Govett Limited.
Application has been made for, and the Placing is conditional upon, inter alia,
admission of the Placing Shares to listing on the Official List of the UK
Listing Authority and to trading on the London Stock Exchange's market for
listed securities (together, 'Admission') becoming effective by 8.00 a.m. on 28
September 2006 (or such later time and or date as the Managers and Wolseley may
agree). Subject to these conditions being satisfied, the Placing Shares will be
issued credited as fully paid and will rank pari passu in all respects with
Wolseley's existing ordinary shares, including the right to receive the final
dividend referred to in Wolseley's preliminary results announcement of earlier
today to be paid to shareholders in Wolseley on the register of members at close
of business on 6 October 2006.
It is expected that Admission will become effective and dealings in the Placing
Shares will commence no later than 8.00 a.m. on 28 September 2006.
ENQUIRIES:
Investors/Analysts:
Guy Stainer +44( 0)118 929 8744
Head of Investor Relations +44 (0)7739 778187
John English +1 513 771-9000
Director of Investor Relations, North America +1 513 328-4900
Press:
Penny Studholme +44 (0)118 929 8886
Director of Corporate Communications +44 (0)7860 553 834
Brunswick +44 (0)20 7404 5959
Andrew Fenwick
Nina Coad
UBS Investment Bank +44 (0) 20 7567 8000
Tim Waddell
Christopher Smith
Lucy Phillips
Hoare Govett +44 (0) 20 7678 8000
Peter Meinertzhagen
Antonia Rowan
Jeremy Thompson (syndication)
Notes to Editors
Wolseley plc is the world's largest specialist trade distributor of plumbing and
heating products to professional contractors and a leading supplier of building
materials in North America, the UK and Continental Europe. Group revenues for
the year ended 31 July 2006 were approximately £14.2 billion and operating
profit, before amortisation of acquired intangibles, was £882 million. Wolseley
has more than 79,000 employees operating in 22 countries namely: UK, USA,
France, Canada, Ireland, Italy, The Netherlands, Switzerland, Austria, Czech
Republic,Hungary, Belgium, Luxembourg, Denmark, Sweden, Finland, Norway,
San Marino, Puerto Rico, Panama, Trinidad & Tobago and Mexico. Wolseley is
listed on the London and New York Stock Exchanges (LSE: WOS, NYSE: WOS) and is
in the FTSE 100 index of listed companies.
GENERAL
Defined terms in this announcement have, unless the context otherwise requires,
the same meaning given to them in the Announcement.
This announcement has been issued by Wolseley and is the sole responsibility of
Wolseley.
UBS is acting for Wolseley and no-one else in connection with the Placing. UBS
will not be responsible to anyone other than Wolseley for providing the
protections afforded to its clients nor for providing advice in relation to the
Placing or any other matter referred to in this announcement.
Hoare Govett is acting for Wolseley and no-one else in connection with the
Placing. Hoare Govett will not be responsible to anyone other than Wolseley for
providing the protections afforded to its clients nor for providing advice in
relation to the Placing or any other matter referred to in this announcement.
This announcement is for information purposes only and does not constitute an
offer or an invitation to acquire or dispose of any securities or investment
advice in any jurisdiction.
This announcement does not constitute an offer to sell or issue or the
solicitation of an offer to buy or subscribe for securities in the United
States, Canada, Australia or Japan or any jurisdiction in which such offer or
solicitation is unlawful and should not be relied upon in connection with any
decision to acquire the Placing Shares or any other Wolseley securities.
This information is provided by RNS
The company news service from the London Stock Exchange