Admission to Official List
Hansard Global plc
18 December 2006
This announcement and the information contained herein is not for publication,
distribution or release, in whole or in part, in, or into, directly or
indirectly, the United States, Australia, Canada and Japan or any other
jurisdiction where such publication, distribution or release would be unlawful.
This announcement is an advertisement and not a prospectus. Investors should not
purchase or subscribe for any shares referred to in this announcement except on
the basis of information in the prospectus published on 13 December 2006 (the
'Prospectus') prepared in connection with Admission (as defined below) and the
offer of ordinary shares (the 'Shares') in the capital of Hansard Global plc
('Hansard' or the 'Company' and, together with its subsidiaries, the 'Group') to
institutional investors and management (the 'Offer'). The Prospectus has been
delivered to the document viewing facility of the Financial Services Authority
and is available from Hansard Global plc's registered office at Harbour Court,
Lord Street, Douglas, Isle of Man, IM99 1QL, from the office of Lazard & Co.,
Limited ('Lazard') at 50 Stratton Street, London W1J 8LL and from the office of
Panmure Gordon (UK) Limited ('Panmure Gordon') at 155 Moorgate, London EC2M 6XB.
18 December 2006
Hansard Global plc
Admission to the Official List of the Financial Services Authority
Hansard announces that its Shares have been admitted to the Official List of the
Financial Services Authority and to trading on the main market of the London
Stock Exchange plc ('Admission') and that unconditional dealings in the Shares
commenced at 8:00 a.m. today.
Lazard is acting as Financial Adviser to the Selling Shareholder and Dr Leonard
Polonsky and Sponsor to the Company in connection with the Offer.
Panmure Gordon is acting as Bookrunner to the Offer. Fox-Pitt, Kelton N.V. is
acting as Co-Lead Manager to the Offer.
Commenting on the listing, Dr Leonard Polonsky, Executive Chairman of Hansard,
said:
'Following the successful Offer, we are delighted to be joining the main market
of the London Stock Exchange. Today's listing is an important step for Hansard
as we move into the next phase of the Company's development.
The Board would like to extend a warm welcome to all the Company's new
shareholders as we seek to build long-term value and a platform for future
growth.
We look forward to reporting our progress to the market in the coming months.'
(ends)
For further information
Hansard 01624 688 000
Dr. Leonard Polonsky, Executive Chairman
Gordon Marr, Director and Group Counsel
Lazard 020 7187 2000
Jon Hack
Stuart Mackay
Nick Millar
Panmure Gordon 020 7459 3600
Tim Linacre
Aubrey Powell
Gilbert Ellacombe
Giles Stewart
Bell Pottinger 020 7861 3232
Stephen Benzikie
Ben Woodford
Daniel de Belder
Summary Information on Hansard
• The Group is a specialist long-term savings provider, based on the Isle of
Man.
• The Group offers a range of flexible and tax-efficient investment products
within a life assurance policy wrapper, designed to appeal to affluent,
international investors.
• The Group has designed its products and distribution methods with a view to
reducing operational and financial risks.
• The Group sells policies exclusively through a network of over 470 financial
services intermediaries, independent financial advisers and the retail
operations of certain financial institutions, who provide access to their
clients in more than 170 countries.
• The Group's low-cost distribution model is scaleable and supported by Hansard
OnLine, its award-winning, multi-language internet platform.
• The Directors believe that the Group has excellent growth prospects, operating
within the global wealth management market, which it is estimated will grow in
aggregate by 6 per cent per annum between 2005 and 2010.
• The Group is well capitalised and has a track record of profitable growth.
• The Group has an experienced and long serving management team.
Important Information
No offer or invitation to purchase or subscribe for securities of the Company is
being made at this time. Any such offer or invitation will be made solely in or
by reference to the Prospectus which is expected to be published in due course
and any acquisition of securities of the Company should be made only on the
basis of the information contained in the Prospectus and any supplement or
amendment thereto.
The contents of this announcement, which have been prepared by and are the sole
responsibility of the Company, have been approved by Lazard solely for the
purposes of section 21(2)(b) of the Financial Services and Markets Act 2000.
Lazard, Panmure Gordon and Fox-Pitt, Kelton Ltd. are regulated in the United
Kingdom by the Financial Services Authority and Lazard, Panmure Gordon and
Fox-Pitt, Kelton Ltd, are acting for the Company and the Selling Shareholder and
no-one else, and Lazard and Panmure Gordon are acting for Dr. Leonard Polonsky,
and Fox-Pitt, Kelton Ltd. is acting for the Company and the Selling Shareholder,
and no one else in connection with the Offer and Admission and will not regard
any other person (whether or not a recipient of this announcement) as their
respective clients, nor will they be responsible to anyone other than the
Company, the Selling Shareholder or Dr. Leonard Polonsky for providing the
protections afforded to the respective clients of Lazard and Panmure Gordon and
Fox-Pitt, Kelton Ltd, nor for providing advice in relation to the Offer, the
contents of this announcement or any transaction, arrangement or other matter
referred to herein.
This announcement does not constitute an offer to sell or the solicitation of an
offer to buy securities of the Company in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration, exemption from
registration or qualification under the securities law of any such jurisdiction.
The Offer is being made in the United Kingdom and elsewhere outside the United
States by means of an Offer to institutional investors. This announcement and
the information contained herein is not for publication, distribution or release
in, or into, directly or indirectly, the United States, Australia, Canada or
Japan and does not constitute, or form part of, an offer of the securities for
sale in or into the United States, Australia, Canada or Japan. The Offer and the
distribution of this announcement may be restricted by law in certain
jurisdictions and persons into whose possession any document or other
information referred to herein comes should inform themselves about and observe
any such restriction. Any failure to comply with these restrictions may
constitute a violation of the securities laws of any such jurisdiction.
The securities referred to in this document have not been 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 or an exemption from
the registration requirements of the Securities Act. The Company does not
presently intend to offer publicly any securities in the United States or to
register any securities under the Securities Act.
This announcement does not constitute a recommendation concerning the Offer. The
value of shares can go down as well as up. Potential investors should consult a
professional advisor as to the suitability of the Offer for the individual
concerned.
Forward looking statements
The contents of this announcement include statements that are, or may be deemed
to be 'forward looking statements'. These forward-looking statements can be
identified by the use of forward-looking terminology, including, without
limitation, the terms 'believes', 'estimates', 'anticipates', 'expects',
'intends', 'may', 'will' or 'should'. By their nature, forward looking
statements involve risks and uncertainties and readers are cautioned that any
such forward-looking statements are not guarantees of future performance. A
number of factors could cause the Company's actual results and performance to
differ materially from the impression created by the forward-looking statements
including, without limitation, the factors to be described in the risk factors
section of the Prospectus. Save as required by law or by the Listing Rules of
the Financial Services Authority, the Company undertakes no obligation to
publicly update or revise forward-looking statements, except as may be required
by applicable law and regulation (including the Listing Rules). No statement in
this announcement is intended to be a profit forecast or be relied upon as a
guide to future performance.
Stabilisation
In connection with the Offer, Panmure Gordon (the 'Stabilising Manager'), or any
of its agents, may (but will be under no obligation to), at its discretion and
to the extent permitted by applicable law, over-allot and effect other
transactions with a view to supporting the market price of the Shares at a level
higher than that which might otherwise prevail in the open market. The
Stabilising Manager is not required to enter into such transactions and such
transactions may be effected on any stock market, over-the-counter market or
otherwise. Such stabilising measures, if commenced, may be discontinued at any
time and may only be taken during the period from the date of publication of the
Prospectus, until the date 30 days after the announcement of the Offer Price.
Save as required by law or regulation, neither the Stabilising Manager nor any
of its agents intends to disclose the extent of any over-allotments and/or
stabilisation transactions under the Offer.
This information is provided by RNS
The company news service from the London Stock Exchange