Hunting PLC
18 August 2005
NOT FOR DISTRIBUTION OR TRANSMISSION, DIRECTLY OR INDIRECTLY, IN OR INTO THE
UNITED STATES, CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF IRELAND OR THE REPUBLIC
OF SOUTH AFRICA.
For immediate release
18 August 2005
Hunting PLC ('Hunting')
Rights Issue - successful placement of the Rights Issue rump
Following the announcement on 17 August 2005 regarding valid acceptances under
the Rights Issue, Hunting announces that Hoare Govett has procured subscribers
for the 641,258 New Ordinary Shares for which valid acceptances were not
received, at a price of 270p per share.
The net proceeds, after the deduction of the issue price of 180p per share and
the expenses of procuring subscribers (including any related value added tax),
will be paid pro rata to those persons whose rights have lapsed in accordance
with the terms of the Rights Issue.
Accordingly, sub-underwriters will not be required to subscribe for any New
Ordinary Shares.
Certain terms used in this announcement are defined and have the same meaning as
in the Prospectus dated 1 July 2005. All references to time in this announcement
are to London time.
Enquiries:
Hunting PLC
Dennis Proctor 001 281 442 7382
Dennis Clark 020 7321 0123
Close Brothers 020 7655 3100
Andrew Cunningham
Jack Newall
Hoare Govett 020 7678 8000
Andrew Foster
Bertie Whitehead
The Hogarth Partnership 020 7357 9477
Andrew Jaques
Edward Westropp
Close Brothers Corporate Finance Limited ('Close Brothers'), which is regulated
in the United Kingdom by The Financial Services Authority, is acting exclusively
for Hunting and for no one else in relation to the Rights Issue and will not be
responsible to anyone other than Hunting for providing the protections afforded
to customers of Close Brothers or for providing advice in relation to the Rights
Issue.
Hoare Govett Limited ('Hoare Govett'), which is regulated in the United Kingdom
by The Financial Services Authority, is acting exclusively for Hunting and for
no one else in relation to the Rights Issue and will not be responsible to
anyone other than Hunting for providing the protections afforded to customers of
Hoare Govett or for providing advice in relation to the Rights Issue.
The release, publication or distribution of this announcement in certain
jurisdictions may be restricted by law and therefore persons in such
jurisdictions into which this announcement is released, published or distributed
should inform themselves about and observe such restrictions.
THIS ANNOUNCEMENT DOES NOT CONSTITUTE, OR FORM PART OF, AN OFFER TO SELL OR THE
SOLICITATION OF AN OFFER TO SUBSCRIBE FOR OR BUY ANY SECURITIES, NOR THE
SOLICITATION OF ANY VOTE OR APPROVAL IN ANY JURISDICTION, NOR SHALL THERE BE ANY
SALE, ISSUE OR TRANSFER OF THE SECURITIES REFERRED TO IN THIS ANNOUNCEMENT IN
ANY JURISDICTION IN CONTRAVENTION OF APPLICABLE LAW.
This information is provided by RNS
The company news service from the London Stock Exchange
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Obtains access to the information in a personal capacity;
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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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