TIDMBBGI
RNS Number : 2861F
BBGI Global Infrastructure S.A.
15 July 2021
THIS ANNOUNCEMENT (INCLUDING THE APPENDIX) IS NOT FOR RELEASE,
PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, BY ANY MEANS OR MEDIA, TO US PERSONS OR IN OR INTO THE
UNITED STATES, OR INTO OR FROM CANADA, AUSTRALIA, JAPAN OR THE
REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH
RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
15 July 2021
BBGI GLOBAL INFRASTRUCTURE S.A.
("BBGI" or the "Company")
Results of the Placing
Further to its announcement on 7 July 2021, the Directors of
BBGI (LSE ticker: BBGI), the global infrastructure investment
company, are pleased to announce the results of its Placing (the
"Placing").
Taking into account the significant investor demand for this
Placing, and the Company's existing drawings under its RCF
facility, the Directors have determined to increase the size of the
Placing to approximately GBP75 million (from approximately GBP50
million), and, accordingly the Company will issue a total of
45,180,722 ordinary shares at the Placing Price of 166 pence per
New Ordinary Share. Notwithstanding this increase, investor demand
substantially exceeded the maximum size of the Placing and,
accordingly, a scaling back exercise was undertaken.
Application has been made for the New Ordinary Shares to be
admitted to the premium listing segment of the Official List of the
Financial Conduct Authority (the "FCA") and to trading on the
premium segment of the Main Market of the London Stock Exchange
("Admission"). It is expected that dealings in the New Ordinary
Shares will commence at 8.00 a.m. on 19 July 2021.
Following Admission, the number of ordinary shares that the
Company has in issue will be 711,268,785. The total number of
voting rights of the Company will be 711,268,785 and this figure
may be used by shareholders as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change to their interest in, the Company.
The Placing is conditional, among other things, on Admission
becoming effective and the Placing Agreement between Jefferies
International Limited ("Jefferies UK"), Jefferies GmbH ("Jefferies
EU"), Winterflood Securities Limited ("Winterflood") and the
Company not being terminated.
Enquiries:
BBGI Management Team +352 26 34 79 25-1
Duncan Ball duncan.ball@bb-gi.com
Frank Schramm frank.schramm@bb-gi.com
Michael Denny michael.denny@bb-gi.com
Jefferies International Limited +44 20 7029 8000
Tom Yeadon tyeadon@jefferies.com
Neil Winward nwinward@jefferies.com
Francesco Namari fnamari@jefferies.com
Winterflood Securities Limited +44 20 3100 0000
Darren Willis darren.willis@winterflood.com
Neil Langford neil.langford@winterflood.com
Joe Winkley joe.winkley@winterflood.com
Maitland/AMO (Communications adviser) +44(0) 7747 113 930
James Benjamin BBGI-maitland@maitland.co.uk
Notes
BBGI Global Infrastructure (BBGI) is a responsible
infrastructure investment company and a constituent of the FTSE 250
that invests in and actively manages for the long-term a globally
diversified, low-risk portfolio of essential social infrastructure
investments.
BBGI is committed to delivering stable and predictable cash
flows with progressive long-term dividend growth and attractive,
sustainable, returns for shareholders. BBGI has a proactive
approach to preserving and enhancing the value of its investments,
and to delivering well maintained social infrastructure for
communities and end users, whilst serving society by supporting
local communities.
All of BBGI's investments are availability-based and supported
by secure public sector-backed contracted revenues, with
inflation-protection characteristics, that is paid so long as the
assets are available for use.
BBGI's investment portfolio is over 99% operational with all its
investments located across highly rated investment grade countries
with stable, well developed operating environments.
BBGI's in-house management team is incentivised by shareholder
returns and consistently maintains low comparative ongoing charges
to shareholders.
Further information about BBGI is available on its website at
www.bb-gi.com.
The Company's LEI is: 529900CV0RWCOP5YHK95
Any reference to the Company or BBGI refers also to its
subsidiaries (where applicable).
Important Information
The information contained within this Announcement is deemed by
the Company to constitute inside information as stipulated under
the UK version of the Market Abuse Regulation (Regulation
596/2014/EU), as it forms part of domestic law by virtue of the
European Union (Withdrawal) Act 2018. Upon the publication of this
Announcement via a Regulatory Information Service this inside
information is now considered to be in the public domain.
This Announcement has been issued by and is the sole
responsibility of the Company.
This Announcement , including the Appendix, and the information
contained herein is not for release, publication or distribution,
directly or indirectly, in whole or in part, in or into or from the
United States, Canada, Australia, Japan, the Republic of South
Africa or any other jurisdiction where to do so might constitute a
violation of the relevant laws or regulations of such
jurisdiction.
This Announcement does not constitute or form part of any offer
to sell, or any solicitation of an offer to buy, securities in the
United States. Securities may not be offered or sold in the United
States absent: (i) registration under the Securities Act of 1933,
as amended (the "Securities Act"); or (ii) an available exemption
from registration under the Securities Act. The Placing Shares have
not been and will not be registered under the Securities Act or
under the securities laws of any state or other jurisdiction of the
United States and may not be offered, sold, resold or delivered,
directly or indirectly, in or into the United States absent
registration except pursuant to an exemption from or in a
transaction not subject to the registration requirements of the
Securities Act. No public offering of the Placing Shares is being
made in the United States.
This Announcement does not constitute an offer to sell or issue
or a solicitation of an offer to buy or subscribe for Placing
Shares in any jurisdiction including, without limitation, the
United States, Canada, Australia, Japan, the Republic of South
Africa or any other jurisdiction in which such offer or
solicitation is or may be unlawful (a "Prohibited Jurisdiction").
This Announcement and the information contained herein are not for
publication or distribution, directly or indirectly, to persons in
a Prohibited Jurisdiction unless permitted pursuant to an exemption
under the relevant local law or regulation in any such
jurisdiction. No action has been taken by the Company, Jefferies
UK, Jefferies EU, Winterflood or any of their respective affiliates
that would permit an offer of the Placing Shares or possession or
distribution of this Announcement or any other publicity material
relating to such Placing Shares in any jurisdiction where action
for that purpose is required. Persons receiving this Announcement
are required to inform themselves about and to observe any such
restrictions.
Neither the content of the Company's website (or any other
website) nor the content of any website accessible from hyperlinks
on the Company's website (or any other website) is incorporated
into, or forms part of, this Announcement.
Each of Jefferies International Limited and Winterflood
Securities Limited is authorised and regulated in the United
Kingdom by the FCA. Jefferies GmbH is registered in Germany and
authorised and regulated by the Bundesanstalt für
Finanzdienstleistungsaufsicht. The Joint Bookrunners are acting
exclusively for the Company and no-one else in connection with the
Placing or the matters referred to in this Announcement and will
not regard any other person as their respective client in relation
to the Placing 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 Placing or any
transaction or arrangement referred to in this Announcement.
No representation or warranty express or implied, is or will be
made as to, or in relation to, and no responsibility or liability
is or will be accepted by any of the Joint Bookrunners or by any of
their respective affiliates or agents as to or in relation to, the
accuracy or completeness of this Announcement or any other written
or oral information made available, whether publicly or to any
interested party or its advisers, and any liability therefore is
expressly disclaimed.
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END
ROIZZGMNRDVGMZM
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July 15, 2021 02:00 ET (06:00 GMT)
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