Brit PLC Stabilisation Notice (7407F)

TIDMBRIT

RNS Number : 7407F

Brit PLC

30 April 2014

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA), AUSTRALIA, CANADA, JAPAN OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT OR ANY COPY OF IT

30 April 2014

BRIT PLC

End of Stabilisation Notice

Pursuant to Article 9(3) of Commission Regulation (EC) No. 2273/2003 implementing the Market Abuse Directive (2003/6/EC), and MAR 2.3.5 (3) of the Financial Conduct Authority Code of Market Conduct, J.P. Morgan Securities plc (Manuel Esteve: Telephone: +44 (0)20 7742 4000), the Stabilising Manager, hereby gives notice that it undertook stabilisation (within the meaning of the rules of the Financial Conduct Authority) in relation to the offer of the following securities, as set out below:

 
 Issuer:                Brit plc 
---------------------  -------------------------------- 
 Securities/ISIN:       Ordinary Shares of 1 pence each 
                         (ISIN: GB00BKRV3L73) 
---------------------  -------------------------------- 
 Description of         Initial Public Offering 
  offer: 
---------------------  -------------------------------- 
 Offer price:           240 pence per Ordinary Share 
---------------------  -------------------------------- 
 Stabilising Manager:   J.P. Morgan Securities Plc 
---------------------  -------------------------------- 
 Stabilisation          28 March 2014 to 25 April 2014 
  period: 
---------------------  -------------------------------- 
 Stabilisation          28 March 2014 
  started: 
---------------------  -------------------------------- 
 Stabilisation          8 April 2014 
  last occurred: 
---------------------  --------------------------------

For each of the dates during which stabilisation transactions were carried out, the price range was as follows:

 
 Date          Minimum Price Paid (GBp)   Maximum Price Paid 
                                           (GBp) 
------------  -------------------------  ------------------- 
 28/03/2014    225.50                     240.00 
------------  -------------------------  ------------------- 
 31/03/2014    231.75                     236.00 
------------  -------------------------  ------------------- 
 01/04/2014    234.00                     240.00 
------------  -------------------------  ------------------- 
 02/04/2014    231.50                     236.00 
------------  -------------------------  ------------------- 
 03/04/2014    232.25                     237.50 
------------  -------------------------  ------------------- 
 04/04/2014    235.25                     239.00 
------------  -------------------------  ------------------- 
 07/04/2014    231.00                     238.00 
------------  -------------------------  ------------------- 
 08/04/2014    229.25                     240.00 
------------  -------------------------  -------------------

Accordingly, J.P. Morgan Securities plc, as Stabilising Manager, has not exercised the Over-allotment Option (as described in the Brit plc prospectus).

Disclaimer

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 the Issuer in any jurisdiction.

This announcement is not for distribution, directly or indirectly, in or into the United States of America (including its territories and possessions, any state of the United States of America and the District of Columbia) (the "United States"), Australia, Canada, Japan or other excluded territories. This announcement does not constitute, or form part of, an offer to sell, or a solicitation of an offer to purchase, any securities in the United States, Australia, Canada, Japan or other excluded territories.

The securities of the Issuer have not been and will not be registered under the U.S. Securities Act of 1933 (the "Securities Act") and may not be offered or sold within the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The securities referred to herein have not been registered under the applicable securities laws of Australia, Canada or Japan and, subject to certain exceptions, may not be offered or sold within Australia, Canada or Japan or to any national, resident or citizen of Australia, Canada or Japan. The distribution of this announcement in other jurisdictions may be restricted by law and persons into whose possession this announcement comes should inform themselves about, and observe, such restrictions.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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