Espirito Santo Fin Announcement re: Rights Issue
May 28 2014 - 2:12AM
UK Regulatory
TIDMEOS
Société Anonyme
Registered Office: 22/24 boulevard Royal, L-2449 Luxembourg
R.C.S. Luxembourg B 22.232
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The Espírito Santo Financial Group provides, through its
subsidiaries, a global and diversified range of
financial services to its clients including Commercial banking,
Insurance, Investment banking, Stockbrokerage and Asset management
in Portugal and internationally. For additional information on
Espírito
Santo Financial Group, its subsidiaries, operations and results,
please visit the Company's website on
www.esfg.com
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, JAPAN OR THE UNITED
STATES
Press release May 28, 2014
Crédit Agricole, S.A. Group and Espírito Santo Financial Group,
S.A. announce the completion of the placement of rights of Banco
Espírito Santo
Luxembourg/Portugal - Espírito Santo Financial Group S.A.
("ESFG") (NYSE Euronext Lisbon: ESF; Bloomberg: ESF PL; Reuters:
ESF LS) today announces:
Crédit Agricole, S.A. Group and Espírito Santo Financial Group,
S.A. (directly and through Espírito Santo Financial (Portugal),
SGPS, S.A., together "ESFG"), concluded the placing of 667.3
million and 332.3 million pre-emptive subscription rights
("Rights") of Banco Espírito Santo ("BES") respectively,
exclusively to qualified investors outside of the United States via
an accelerated bookbuilding process (the "Placing") at a price of
EUR0.11 per Right.
The settlement of the sale of Rights is expected to occur on 2nd
June 2014.Crédit Agricole S.A. Group and ESFG will not sell any
further rights or shares prior to closing of the BES Rights Issue
and will not sell their remaining shareholding in BES through the
180 days following the physical settlement of the Rights Issue.
Crédit Agricole CIB, Espirito Santo Investment Bank, Morgan
Stanley and UBS Investment Bank acted as Joint Bookrunners of the
Placing.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, JAPAN OR THE UNITED
STATES.
This announcement is for information purposes only and shall not
constitute an offer to buy, sell, issue, or subscribe for, or the
solicitation of an offer to buy, sell, issue, or subscribe for any
securities, nor shall there be any sale of securities in any
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. This announcement has
been issued by and is the sole responsibility of Crédit Agricole,
S.A. and Espírito Santo Financial Group, S.A.
The securities referred to herein have not been and will not be
registered under the U.S. Securities Act of 1933, as amended, and
may not be offered or sold in the United States, absent
registration or an exemption from registration. Nothing in this
communication shall constitute an offer to sell or the solicitation
of an offer to buy securities in any jurisdiction in which such
offer or sale would be unlawful.
In the United Kingdom, this communication is only being
distributed to, and is directed solely at persons who are
"qualified investors" within the meaning of Article 2(1)(E) of the
Prospectus Directive and who are (i) persons who have professional
experience in matters relating to investments and falling within
Article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005, as amended (the "Order"), or (ii)
persons falling within Article 49(2)(a) to (d) ("high net worth
companies, unincorporated associates, etc.") of the Order, or (iii)
other persons to whom it may otherwise lawfully be communicated
(all such persons together being referred to as "Relevant
Persons"). This communication must not be acted on or relied on by
persons who are not Relevant Persons. Any investment or investment
activity to which this communication relates is available only to
Relevant Persons and will be engaged in only with Relevant Persons.
Persons distributing this communication must satisfy themselves
that it is lawful to do so.
Contacts:
Filipe Worsdell
Espírito Santo Financial Group S.A.
+44 203 429 2100
fworsdell@esfg.com
Miles Chapman
Taylor Rafferty
+44 207 614 2916
miles.chapman@taylor-rafferty.com
This information is provided by Business Wire
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