Goldman Sachs International Result of Equity Issue (8026B)
January 15 2018 - 1:00AM
UK Regulatory
TIDMUK50 TIDMBME
RNS Number : 8026B
Goldman Sachs International
12 January 2018
NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN THE UNITED
STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA.
The information contained within this announcement is deemed to
constitute inside information for the purposes of Article 7 of the
Market Abuse Regulation (EU) no.596/2014. Upon the publication of
this announcement, this inside information is now considered to be
in the public domain.
12 January 2018
PLACING OF 49,100,528 ORDINARY SHARES IN B&M EUROPEAN VALUE
RETAIL S.A. ("B&M") BY CD&R EUROPEAN VALUE RETAIL
INVESTMENT S.À R.L. ("CD&R")
CD&R announces that it has sold an aggregate of 49,100,528
ordinary shares (the "Placing Shares") in B&M, representing
approximately 4.9% of B&M's issued ordinary share capital, at a
price of 407 pence per share (the "Placing") raising aggregate
gross sale proceeds of GBP199.8m.
Following settlement of the Placing, which is expected to take
place on 16 January 2018, CD&R will no longer own any of
B&M's ordinary shares.
Goldman Sachs International ("Goldman Sachs") is acting as the
Sole Bookrunner in connection with the Placing.
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This announcement is not for publication, distribution or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 CD&R European Value Retail Investment S.à r.l. or any of its
affiliates 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") which
have implemented the Prospectus Directive (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 Directive ("Qualified
Investors"). For these purposes, the expression 'Prospectus
Directive' means Directive 2003/71/EC (and amendments thereto,
including the 2010 PD Amending Directive, to the extent implemented
in a Relevant Member State), and includes any relevant implementing
measure in the Relevant Member State and the expression "2010 PD
Amending Directive" means Directive 2010/73/EU. In the United
Kingdom, this announcement is directed exclusively at Qualified
Investors (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.
In connection with any offering of the Placing Shares, Goldman
Sachs 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.
Goldman Sachs, which is authorised by the Prudential Regulation
Authority and regulated by the Financial Conduct Authority and the
Prudential Regulation Authority, is acting on behalf of CD&R
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.
Goldman Sachs will not regard any other person as their client in
relation to the offering of the Placing Shares.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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