Overallotment option exercise notice
April 16 2010 - 10:52AM
UK Regulatory
TIDMCPP
RNS Number : 3504K
CPPGroup Plc
16 April 2010
TO BE RELEASED OUTSIDE THE UNITED STATES ONLY. NOT FOR DISTRIBUTION DIRECTLY OR
INDIRECTLY IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, SWITZERLAND, SOUTH
AFRICA OR JAPAN
FOR IMMEDIATE RELEASE
16 APRIL 2010
Overallotment option exercise notice: CPPGroup Plc
In connection with the Global Offer in relation to the following Ordinary
Shares:
CPPGroup Plc Ordinary Shares of 10p each
ISIN Code: GB00B5W55H93
CPPGroup Plc ("CPP") announces that, in connection with the Global Offer of
63,829,786 Ordinary Shares by CPP, UBS Limited, as stabilising manager, has
today given notice to exercise the Over-allotment Option in respect of 6,382,978
Ordinary Shares
Including the exercise of the Over-allotment Option, the total number of
Ordinary Shares in the Global Offer is 70,212,764. Following the exercise of the
Over-allotment Option, Hamish Ogston will own approximately 57.5 per cent. of
CPP's Ordinary Shares.
The issue price of CPPGroup Plc Ordinary Shares of 10p each was set at 235p on
18 March 2010.
The stabilisation period commenced at 8am on 19 March 2010 and ended at the
close of business on 16 April 2010
IMPORTANT NOTICE
This announcement is not for publication or distribution, directly or
indirectly, in or into the United States. The distribution of this announcement
may be restricted by law in certain jurisdictions and persons into whose
possession any 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.
J.P. Morgan Securities Ltd. and UBS Limited (together, the "Banks") are acting
as joint sponsors, joint lead managers, joint global co-ordinators and joint
bookrunners in connection with Admission and the Global Offer and as
underwriters in connection with the Global Offer.
The Banks are acting exclusively for the Company and no-one else in connection
with the Global Offer. They will not regard any other person as their client in
relation to the Global Offer and will not be responsible to anyone other than
the Company for providing the protections afforded to customers of the Banks or
for giving advice in relation to the Global Offer, the contents of this
announcement or any transaction, arrangement or other matter referred to herein.
This announcement does not contain or constitute an offer, or the solicitation
of an offer to buy or subscribe for Ordinary Shares, and is not for distribution
in, the United States, Canada, Australia, Switzerland, South Africa or Japan, or
in any jurisdiction in which distribution is unlawful. The Ordinary Shares have
not been and will not be registered under the US Securities Act of 1933, as
amended (the "Securities Act") or under the securities laws of South Africa,
Canada, Switzerland, Australia or Japan, and may not be offered, sold,
transferred or delivered, directly or indirectly, in or into the United States
except pursuant to an exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act and in compliance with any
applicable securities laws of any states or other jurisdiction of the United
States.
This announcement is for information purposes only and does not constitute an
invitation or offer to underwrite, subscribe for or otherwise acquire or dispose
of any securities of CPP in any jurisdiction.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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