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Friday 28 October, 2005

Citigroup Global Mkt

Stabilisation Notice

Citigroup Global Markets Limited
28 October 2005

Orchid Chemicals and Pharmaceuticals Limited - Offering of 8,650,000 Global
Depository Receipts and  US$ 37,500,000 Zero Coupon Convertible Bonds due 2010

Stabilisation Notice  

Pursuant to Core Dealing Rule 3060-3061, Citigroup Global Markets Limited hereby
notifies the London Stock Exchange that it and its affiliates may stabilise the
offering of the Global Depository Receipts and Zero Coupon Convertible Bonds due
2010 of Orchid Chemicals and Pharmaceuticals Limited:

1.   Security to be stabilised: Global Depository Receipts and Zero Coupon 
     Convertible Bonds due 2010 of Orchid Chemicals and Pharmaceuticals Limited;
2.   Security Identifier:     GDRs     :     Reg S GDRs
                                             SEDOL : B0F95F1
                                             ISIN Code: US68572Y2090
                                             Rule 144A GDRs
                                             SEDOL: BOF95Z1
                                             ISIN Code: US68572Y1001
                 Convertible Bonds     :     Reg S Bonds
                                             SEDOL: B0KDNB0
                                             ISIN Code: USY6494UAA44
                                             Rule 144A Bonds
                                             SEDOL: BOKJTM1
                                             ISIN Code: US68572YAA82;

3.     Stabilising Manager: Citigroup Global Markets Limited (a member firm) 
      (Contact - Craig Duffy, +852 2501 2699);
4.     Stabilisation period commences: 28.10.05 at approximately 09:00am London 
       time;
5.     Stabilisation period ends: Close of business on 28.11.05;
6.     Offer price: 4.34 US$ per share; and
7.     Over-allotment option is equivalent to 13% of the offering.





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