Placing of rump

RNS Number : 0135W

Holidaybreak PLC

21 July 2009

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

Holidaybreak plc

Successful completion of Rights Issue and placing of rump

Holidaybreak plc ("Holidaybreak" or "the Company") announced previously that it had received valid acceptances in respect of 21,380,031 New Ordinary Shares, representing approximately 98.5% of the total number of New Ordinary Shares offered to Qualifying Shareholders, pursuant to the Rights Issue announced by the Company on 17 June 2009.

Holidaybreak confirms that, in accordance with the arrangements set out in the prospectus sent to shareholders dated 17 June 2009 ("Prospectus"), KBC Peel Hunt has procured subscribers for the 334,309 remaining New Ordinary Shares, for which valid acceptances were not received, at a price of 249p per share.  

The net proceeds from the sale of such New Ordinary Shares, after deduction of the Rights Issue Price of 153p per New Ordinary Share and relevant costs (including any applicable brokerage and commissions and amounts in respect of VAT), will be paid to those Qualifying Shareholders whose rights have lapsed in accordance with the terms of the Rights Issue, pro rata to their lapsed provisional allotments, save that individual amounts of less than £5.00 will not be so paid but will be retained for the Company's own benefit.

Unless otherwise defined in this announcement, capitalised terms shall have the meaning given to them in the Prospectus.

ENQUIRIES

Holidaybreak plc	[phone]
John Coleman, Chairman
Carl Michel, Group Chief Executive
Bob Baddeley, Group Finance Director
KBC Peel Hunt	[phone]
Matt Tyler Matt Goode
Oliver Stratton
Brunswick	[phone]
Catherine Hicks
Craig Breheny

This Announcement is not for release, publication or distribution, directly or indirectly, in whole or in part, in or into the United States, Australia, Canada, Japan or The Republic of South Africa, or any other jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction. 

This Announcement is for information only and does not constitute or form part of any offer or invitation to issue, acquire or dispose of any securities or investment advice in any jurisdiction. 

This Announcement is not directed to, or intended for distribution to or use by, any person who is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation. Subject to certain exceptions, the securities referred to herein may not be offered or sold in Australia, Canada, Japan, South Africa the United States or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada, Japan, South Africa or the United States. The offer and sale of the securities referred to herein has not been and will not be registered under the United States Securities Act of 1933 or under the applicable securities laws of Australia, Canada, Japan or South Africa. There will be no public offer of securities in the United States. The availability of the Rights Issue to persons not resident in the United Kingdom may be affected by the laws of the relevant jurisdictions. Such persons should inform themselves about and observe any application requirements. 

This Announcement is an advertisement and not a prospectus and investors should not subscribe for, purchase, otherwise acquire, sell or otherwise dispose of any Provisional Allotment Letter, Nil Paid Rights, Fully Paid Rights and/or the New Ordinary Shares in connection with the Rights Issue except on the basis of the Prospectus published on 17 June 2009 by the Company. Copies of the Prospectus are available from Holidaybreak's registered office at Hartford Manor, Greenbank Lane, Northwich, Cheshire CW8 1HW, and on its website www.holidaybreak.co.uk. Neither the content of Holidaybreak's website nor any website accessible by hyperlinks on Holidaybreak's website is incorporated in, or forms part of, this Announcement.

KBC Peel Hunt ("KBC"), which is authorised and regulated by the FSA in the United Kingdom, is acting exclusively for the Company as Sponsor, Broker and Underwriter in connection with the Rights Issue and Admission and will not be responsible to anyone other than the Company for providing the protections afforded to its clients or for providing advice in relation to the Rights Issue or any other matters referred to in this Announcement. 

 

END

 

 

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