Barclays Bank PLC Results of Placing of Betfair Group Shares (3342B)
October 06 2015 - 2:00AM
UK Regulatory
TIDM96ES TIDMBET
RNS Number : 3342B
Barclays Bank PLC
06 October 2015
NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES,
AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER
JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO. PLEASE SEE THE
IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.
THIS ANNOUNCEMENT IS NOT AN OFFER TO SELL OR A SOLICITATION TO
BUY SECURITIES IN ANY JURISDICTION, INCLUDING THE UNITED STATES,
AUSTRALIA, CANADA, JAPAN OR REPUBLIC OF SOUTH AFRICA. NEITHER THIS
ANNOUNCEMENT NOR ANYTHING CONTAINED HEREIN SHALL FORM THE BASIS OF,
OR BE RELIED UPON IN CONNECTION WITH, ANY OFFER OR COMMITMENT
WHATSOEVER IN ANY JURISDICTION.
PRESS RELEASE
6 October 2015
Accelerated bookbuilt offering of 8.0 million ordinary shares in
Betfair Group Plc
Further to its announcement on 5 October 2015, Barclays Bank PLC
("Barclays") announces the successful completion of an accelerated
bookbuilt offering to institutional investors (the "Placing") of
8.0 million ordinary shares (the "Placing Shares") in Betfair Group
Plc ("Betfair"), on behalf of LE PEIGNÉ SA ("LE PEIGNÉ") in respect
of 5.0 million Placing Shares and Rothschild Wealth Management (UK)
Limited, acting on an agency basis for shareholders of Betfair that
are connected parties of Edward Wray (together the "Wray
Shareholders") in respect of 3.0 million Placing Shares. Owing to
strong investor demand the number of shares offered in the Placing
was increased from 7.35 million Placing Shares to 8.0 million
Placing Shares.
The placing price was GBP32.50 per Placing Share. Barclays acted
as sole bookrunner in the Placing. N M Rothschild & Sons Ltd
("Rothschild") acted as financial adviser to LE PEIGNÉ and the Wray
Shareholders.
Both LE PEIGNÉ and the Wray Shareholders remain very supportive
of Betfair and its proposed merger with Paddy Power and have agreed
to lock up those shares not sold in the Placing for 90 days from
the closing of the Placing.
Betfair will not receive any proceeds from the Placing.
Important Notice:
This Announcement is for information purposes only and shall not
constitute or form part of an offer to buy, sell, issue, acquire or
subscribe for, or the solicitation of an offer to buy, sell, issue,
acquire 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. Any failure to comply with
these restrictions may constitute a violation of the securities
laws of such jurisdictions. In particular, this Announcement does
not constitute or form part of any offer to buy, sell, issue,
acquire or subscribe for, or the solicitation of an offer to buy,
sell, issue, acquire, or subscribe for, any securities in the
United States, Australia, Canada, Japan or South Africa or any
other jurisdiction into which such offer or solicitation would be
unlawful. In particular, the securities referred to herein have not
been and will not be registered under the United States Securities
Act of 1933, as amended (the "Securities Act") and may not be
offered, sold or transferred, directly or indirectly, within the
United States except pursuant to an exemption from, or in a Placing
not subject to, the registration requirements of the Securities Act
and the securities laws of any state or other jurisdiction of the
United States. Any offering to be made in the United States will
only be made to a limited number of "qualified institutional
buyers" as defined in Rule 144A under the Securities Act, ("QIBs")
in transactions exempt from the registration requirements of the
Securities Act. The Placing Shares are being offered and sold
outside the United States in accordance with Regulation S under the
Securities Act. No public offering of the securities referred to
herein is being made in the United Kingdom, the United States,
Australia, Canada, Japan, South Africa or any other
jurisdiction.
The distribution of this announcement and the Placing of the
Placing Shares as set out in this announcement in certain
jurisdictions may be restricted by law. No action has been taken
that would permit an offering of such shares or possession or
distribution of this announcement or any other offering or
publicity material relating to such shares 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, such restrictions. Any failure to
comply with these restrictions may constitute a violation of the
securities laws of any such jurisdiction.
This announcement is directed only at persons (i) having
professional experience in matters relating to investments who fall
within the definition of "investment professionals" in Article
19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005 (the "Order") or (ii) who are high net worth
entities falling within Article 49(2)(a) to (d) of the Order, and
other persons to whom it may otherwise lawfully be communicated
(all such persons together being referred to as "relevant
persons"). This announcement must not be acted or relied on in the
United Kingdom by persons who are not relevant persons.
In member states of the European Economic Area ("EEA"), this
announcement is only addressed to and directed at persons who are
"qualified investors" within the meaning of Article 2(1)(e) of the
Prospectus Directive (Directive 2003/71/EC (and amendments thereto,
including the 2010 PD Amending Directive, to the extent implemented
in the Relevant Member State) and includes any relevant
implementing measure in each Relevant Member State) (the
"Prospectus Directive") ("Qualified Investors").
No prospectus or offering document has been or will be prepared
in connection with the Placing. Any investment decision to buy
shares in the Placing must be made solely on the basis of publicly
available information. Such information is not the responsibility
of and has not been independently verified by any of LE PEIGNÉ, the
Wray Shareholders or Barclays or any of their respective
affiliates.
Barclays is authorised by the Prudential Regulation Authority
and regulated by the Financial Conduct Authority and Prudential
Regulation Authority and is acting for LE PEIGNÉ and the Wray
Shareholders only in connection with the Placing will not be
responsible to anyone other than LE PEIGNÉ and the Wray
Shareholders for providing the protections offered to its clients,
nor for providing advice in relation to the Placing or any matters
referred to in this Announcement.
The price of shares and the income from them may go down as well
as up and investors may not get back the full amount invested on
disposal of the shares. Past performance is no guide to future
performance and persons needing advice should consult an
independent financial advisor.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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