BBGI SICAV S.A. Proposed fundraising (3176Z)
March 14 2017 - 2:00AM
UK Regulatory
TIDMBBGI
RNS Number : 3176Z
BBGI SICAV S.A.
14 March 2017
THIS ANNOUNCEMENT IS FOR INFORMATION ONLY AND DOES NOT
CONSTITUTE OR FORM PART OF, AND SHOULD NOT BE CONSTRUED AS, ANY
OFFER FOR SALE OR SUBSCRIPTION OF, OR SOLICITATION OF ANY OFFER TO
BUY OR SUBSCRIBE FOR, ANY SHARES IN ANY JURISDICTION.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, TO US PERSONS OR IN OR INTO THE
UNITED STATES, OR INTO OR FROM CANADA, AUSTRALIA, JAPAN OR THE
REPUBLIC OF SOUTH AFRICA.
BBGI SICAV S.A.
("BBGI" or the "Company")
Proposed fundraising
The Company currently has an attractive pipeline of potential
investment opportunities and is therefore pleased to announce that
it is giving consideration to an equity fundraising in the near
term in order substantially to repay its outstanding borrowings and
thereby to provide financing flexibility with respect to its
investment pipeline.
The current intention is to issue up to 10% of the issued share
capital of the Company by way of a placing of new shares. Under
Luxembourg law, the maximum price at which the new shares may be
issued will represent a premium of 5 per cent to the latest
published NAV of the Company at the time of the issue.
The Company currently expects to provide a further update on its
proposed fundraising when it publishes its annual results on 29
March 2017, which will include an audited NAV of the Company as at
31 December 2016 and an updated unaudited NAV as at the latest
practicable date prior to publication.
Further information about BBGI is available on its website at
www.bb-gi.com.
For further information please contact:
BBGI Management Team +352 263479-1
Duncan Ball duncan.ball@bb-gi.com
Frank Schramm frank.schramm@bb-gi.com
Stifel Nicolaus Europe Limited +44 20 7710 7600
Neil Winward neil.winward@stifel.com
Tom Yeadon tom.yeadon@stifel.com
Jefferies Hoare Govett +44 20 7029 8000
Gary Gould gary.gould@jefferies.com
Andrew Morris amorris@jefferies.com
Important Notice
This announcement is for information purposes only. This
announcement is not a prospectus. This announcement does not
constitute or form part of, and should not be construed as, any
offer for sale or subscription of, or solicitation of any offer to
buy or subscribe for, any shares in BBGI SICAV S.A. (the "Company")
or securities in any other entity, in any jurisdiction, including
the United States, nor shall it, or any part of it, or the fact of
its distribution, form the basis of, or be relied on in connection
with, any contract or investment decision whatsoever, in any
jurisdiction. This announcement does not constitute a
recommendation regarding any securities. No reliance may be placed
for any purpose on the information contained in this announcement
or its accuracy or completeness,
Any investment decision must be made exclusively on the basis of
any prospectus published by the Company and any supplement thereto
in connection with the admission of ordinary shares of the Company
("Ordinary Shares") to the Official List of the UK Listing
Authority and to trading on the London Stock Exchange's main market
for listed securities
Jefferies International Limited and Stifel Nicolaus Europe
Limited (together, the Joint Sponsors) each of which is authorised
and regulated in the United Kingdom by the Financial Conduct
Authority, are acting exclusively for the Company and no-one else
in connection with the proposed issue and allotment of Ordinary
Shares (the "Issue") or the matters referred to in this
announcement, will not regard any other person as their respective
client in relation to the Issue and will not be responsible to
anyone other than the Company for providing the protections
afforded to their respective clients or for providing advice in
relation to the Issue or any transaction or arrangement referred to
in this announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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