J.P. Morgan Securities PLC. Completion of Placing in Airtel Africa plc (4185V)
April 14 2021 - 1:00AM
UK Regulatory
TIDMAAF
RNS Number : 4185V
J.P. Morgan Securities PLC.
14 April 2021
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, IN WHOLE OR IN PART, INTO OR IN THE UNITED STATES,
CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH
OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW. THIS
ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM AN OFFER OF SECURITIES IN
THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA, JAPAN OR ANY
OTHER JURISDICTION.
PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS
ANNOUNCEMENT
Press Release, 14 April 2021
Successful completion of the sale of ordinary shares in Airtel
Africa Plc ("Airtel Africa" or the "Company")
Further to the announcement released on 13 April 2021 in
relation to a proposed secondary placing of ordinary shares in
Airtel Africa plc ("Airtel Africa" or the "Company"), the
institutional seller (the "Selling Shareholder"), has sold 50
million ordinary shares in the Company (the "Placing Shares") at a
price of 75 pence per share (the "Placing"). The Placing Shares
represent approximately 1.3 per cent. of the Company's ordinary
issued share capital (as at the date of this announcement).
The Placing was conducted through an accelerated bookbuild and
is expected to settle on 16 April 2021. J.P. Morgan Securities plc
which conducts its UK investment banking activities as J.P. Morgan
Cazenove ("J.P. Morgan Cazenove") acted as sole bookrunner.
The Selling Shareholder will be locked up in respect of its
residual holding for a period of 90 days post settlement of the
Placing, subject to customary exceptions.
Airtel Africa will not receive any proceeds from the
Placing.
Enquiries:
J.P. Morgan Cazenove
Achintya Mangla
Barry Meyers +44 207 742 4000
IMPORTANT NOTICE
This announcement is not for publication, distribution or
release, directly or indirectly, in or into the United States of
America (including its territories and possessions), Australia,
Canada, Japan or the Republic of South Africa or any other
jurisdiction where such an announcement would be unlawful. The
distribution of this announcement may be restricted by law in
certain jurisdictions and persons into whose possession this
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.
This announcement is not an offer of securities or investments
for sale nor a solicitation of an offer to buy securities or
investments in any jurisdiction where such offer or solicitation
would be unlawful. No action has been taken that would permit an
offering of the securities or possession or distribution of this
announcement in any jurisdiction where action for that purpose is
required. Persons into whose possession this announcement comes are
required to inform themselves about and to observe any such
restrictions.
The Placing Shares may not be offered to the public in any
jurisdiction in circumstances which would require the preparation
or registration of any prospectus or offering document relating to
the Placing Shares in such jurisdiction. No action has been taken
by the Selling Shareholders that would permit an offering of the
Placing Shares or possession or distribution of this announcement
or any other offering or publicity material relating to such
securities in any jurisdiction where action for that purpose is
required.
The securities referred to herein have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the
"Securities Act"), and, subject to certain exemptions, may not be
offered or sold in the United States (as defined in Regulation S
under the Securities Act). Neither this document nor the
information contained herein constitutes or forms part of an offer
to sell or the solicitation of an offer to buy securities in the
United States. There will be no public offer of any securities in
the United States or in any other jurisdiction.
In member states of the European Economic Area ("EEA") (each, a
"Relevant Member State"), this announcement and any offer if made
subsequently is directed exclusively at persons who are 'qualified
investors' within the meaning of the Prospectus Regulation
("Qualified Investors"). For these purposes, the expression
'Prospectus Regulation' means Regulation (EU) 2017/1129..
In the United Kingdom, this announcement is directed exclusively
at persons who are 'qualified investors' within the meaning of the
UK Prospectus Regulation and (i) who have professional experience
in matters relating to investments falling within Article 19(5) of
the Financial Services and Markets Act 2000 (Financial Promotion)
Order 2005, as amended (the "Order") or (ii) who fall within
Article 49(2)(A) to (D) of the Order, or (iii) to whom it may
otherwise lawfully be communicated. For these purposes, the
expression 'UK Prospectus Regulation' means Regulation (EU)
2017/1129 as it forms part of UK domestic law by virtue of the
European Union (Withdrawal) Act 2018.
In connection with any offering of the Placing Shares, J.P.
Morgan Cazenove and any of its affiliates acting as an investor for
their own account may take up as a proprietary position any Placing
Shares and in that capacity may retain, purchase or sell for their
own account such Placing Shares. In addition, they may enter into
financing arrangements and swaps with investors in connection with
which they may from time to time acquire, hold or dispose of
Placing Shares. They do not intend to disclose the extent of any
such investment or transactions otherwise than in accordance with
any legal or regulatory obligation to do so.
J.P. Morgan Cazenove is authorised by the Prudential Regulation
Authority and regulated by the Financial Conduct Authority and the
Prudential Regulation Authority, is acting on behalf of the Selling
Shareholders and no one else in connection with any offering of the
Placing Shares and will not be responsible to any other person for
providing the protections afforded to any of its clients or for
providing advice in relation to any offering of the Placing Shares.
J.P. Morgan Cazenove will not regard any other person as its client
in relation to the offering of the Placing Shares.
This information is provided by RNS, the news service of the
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END
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