Publication of Prospectus

RNS Number : 3826C

National Express Group PLC

12 November 2009

 



THIS ANNOUNCEMENT (AND THE INFORMATION CONTAINED HEREIN) IS NOT FOR FORWARDING, RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, 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

National Express Group PLC 

11 November 2009

Publication of Prospectus

Further to its announcement today of a fully underwritten 7 for 3 rights issue to raise net proceeds of approximately £360 million through the issue of up to 357,043,390 new ordinary shares at 105 pence each (the "Rights Issue"), National Express Group PLC ("National Express" or the "Company") announces that a prospectus relating to the Rights Issue (the "Prospectus") was approved by the UK Listing Authority (the "UKLA") earlier today and has been posted to Qualifying Shareholders. 

Copies of the Prospectus, which include a notice convening an Extraordinary General Meeting of the Company to be held at the offices of Ashurst LLP, Broadwalk House, 5 Appold Street, London EC2A 2HA at 11.00 a.m. on 27 November 2009, are available for inspection at the UKLA's Document Viewing Facility, which is situated at Financial Services Authority, 25 North Colonnade, Canary Wharf, London E14 5HS.

In addition, the Prospectus will shortly be available to view on the Company's website (http://www.nationalexpressgroup.com) and at the Company's registered address during business hours.

The following is the expected timetable of principal events in relation to the Rights Issue. 

Event	2009
Announcement of the Rights Issue and publication of the Rights Issue Prospectus		11 November
Publication and despatch of the Rights Issue Prospectus and Form of Proxy		11 November
Record Date for entitlements under the Rights Issue		close of business on 24 November
Latest time and date for receipt of Forms of Proxy		11.00 a.m. on 25 November
Extraordinary General Meeting		11.00 a.m. on 27 November
Despatch of Provisional Allotment Letters (to Qualifying Non-CREST Shareholders only)		27 November
Admission/Commencement of dealings in Nil Paid Rights on the London Stock Exchange		8.00 a.m. on 30 November
Stock accounts credited with Nil Paid Rights (for Qualifying CREST Shareholders)		30 November
Existing Ordinary Shares marked ''ex-rights'' by the London Stock Exchange		8.00 a.m. on 30 November
Nil Paid Rights and Fully Paid Rights enabled in CREST		30 November
Latest time and date for acceptance, payment in full and registration of renunciation of Provisional Allotment Letters		11.00 a.m. on 14 December
Announcement of results of Rights Issue through a Regulatory Information Service		7.00 a.m on 15 December
Commencement of dealings in New Ordinary Shares fully paid		8.00 a.m. on 15 December
New Ordinary Shares credited to CREST stock accounts		15 December
Despatch of definitive share certificates for the New Ordinary Shares in certificated form		24 December

Note: The times and dates set out in the expected timetable of principal events above may be adjusted by National Express in consultation with the Joint Sponsors in which event details of the new times and dates will be notified to the FSA, London Stock Exchange and, where appropriate, Qualifying Shareholders.

Terms defined in the Prospectus have the same meanings in this announcement.

ENQUIRIES: 

National Express Group PLC
Tony McDonald Barbara Lees	[phone] [phone]

IMPORTANT NOTICE: 

This announcement is for information purposes only and shall not constitute an offer to buy, sell, issue or subscribe for, or the solicitation of an offer to buy, sell, issue, or subscribe for any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Persons into whose possession this announcement or any such document comes should inform themselves about and observe any relevant legal restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

This announcement does not constitute a prospectus or prospectus equivalent document. The Prospectus relating to the Rights Issue will be prepared and made available in accordance with EU Directive 2003/71/EC and/or Part VI of the FSMA. Any decision to invest in the Company must be made only on the basis of the information contained in and incorporated by reference into the Prospectus. The Prospectus, when published, will be available on the Company's website (http://www.nationalexpressgroup.com) and in hard copy from the Company's registered office.

The information contained herein is not for forwarding, publication or distribution, directly or indirectly, in or into the United States (including its territories and possessions, any state of the United States and the District of Columbia). These materials do not contain or constitute an offer for sale or the solicitation of an offer to purchase securities in the United States. The securities referred to herein (the "Securities") have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act") or with any securities regulatory authority of any state or jurisdiction of the United States, and may not be offered or sold in the United States absent registration under the Securities Act or an available exemption from, or transaction not subject to, the registration requirements of the Securities Act. There will be no public offer of the Securities in the United States.

 

END

 

 

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