TIDMCPR
RNS Number : 5528Q
Carpetright PLC
06 June 2018
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT IS NOT FOR
RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY
OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA,
JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR INTO ANY OTHER
JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH
OF ANY APPLICABLE LAW. PLEASE SEE THE IMPORTANT NOTICE AT THE END
OF THIS ANNOUNCEMENT.
This announcement contains inside information as defined in EU
Regulation No. 596/2014 and is in accordance with the Company's
obligations under Article 17 of that Regulation.
LEI: 213800GO32BSNNHXID90
Carpetright plc
("Carpetright" or the "Company" or the "Group")
Results of General Meeting
Carpetright is pleased to announce that, at the General Meeting
held at 4.00 p.m. today, all of the Resolutions were duly passed by
the requisite majority of the shareholders of the Company present
in person or by proxy.
The proxy position in respect of the Resolutions will shortly be
posted on the Company's website at www.carpetright.plc.uk.
The Company will issue 232,463,221 New Ordinary Shares under the
Placing and Open Offer, raising net proceeds of approximately
GBP60.0 million (GBP65.1 million gross).
Applications have been made to the FCA and the London Stock
Exchange, respectively, for the New Ordinary Shares to be admitted
to the premium listing segment of the Official List and to trading
on the London Stock Exchange's main market for listed securities.
Admission is expected to become effective and dealings in the New
Ordinary Shares issued in connection with the Placing and Open
Offer to commence at 8.00 a.m. on 8 June 2018.
The New Ordinary Shares issued in connection with the Placing
and Open Offer will be issued fully paid and will, upon issue, rank
pari passu in all respects with the Existing Ordinary Shares.
Following Admission the total issued share capital of
Carpetright will increase to 303,787,164 Ordinary Shares.
Carpetright holds no shares in Treasury and therefore the total
number of voting rights in Carpetright on Admission will be
303,787,164. This figure may be used by Shareholders as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change to their
interest in, Carpetright under the Financial Conduct Authority's
Disclosure Guidance and Transparency Rules.
Wilf Walsh, CEO of Carpetright, said:
"Successful completion of the fundraising is a major milestone
in our recovery plan and we would like to thank our existing
shareholders and new investors for their strong support. The GBP60m
net proceeds give us the resources we need to accelerate our
turnaround by creating a right-sized portfolio of stores on
sustainable rents, modernising our store estate and upgrading our
digital platform. Carpetright remains the clear market leader and
our strengthened balance sheet provides a solid platform on which
we can build our recovery for the benefit of customers, colleagues,
shareholders, suppliers, and landlords."
Documents Available for Inspection
In accordance with Listing Rule 9.6.2, a copy of the Resolutions
will be uploaded to the National Storage Mechanism and will shortly
be available for inspection at www.morningstar.co.uk/uk/nsm.
This announcement should be read in conjunction with the text of
the prospectus published by Carpetright on 18 May 2018 in
connection with the Placing and Open Offer (the "Prospectus"). A
copy of the Prospectus is available for inspection on the National
Storage Mechanism at: www.morningstar.co.uk/uk/NSM and on
Carpetright's website at: www.carpetright.plc.uk.
Capitalised terms used in this announcement have the same
meanings given to them in the Prospectus.
Enquiries:
Carpetright plc
Wilf Walsh, Chief Executive
Neil Page, Chief Financial
Officer 01708 802000
Peel Hunt LLP (Sponsor, joint
bookrunner and joint broker)
Dan Webster
George Sellar
Nicole McDougall 020 7418 8900
Deutsche Bank AG (Joint bookrunner
and joint broker)
Simon Hollingsworth
Mark Hankinson
Adam Miller 020 7545 8000
Citigate Dewe Rogerson (Financial
PR)
Kevin Smith
Nick Hayns 020 7638 9571
Notes to Editors
Carpetright plc is Europe's leading specialist floorcoverings
and beds retailer. Since the first store was opened in 1988 the
business has developed both organically and through acquisition
within the UK and other European countries. The Group is organised
into two geographical regions, the UK and the Rest of Europe
(comprising The Netherlands, Belgium and the Republic of
Ireland).
IMPORTANT NOTICE
This document is an advertisement and does not constitute a
prospectus in connection with an offering of securities of the
Company. Investors must neither accept any offer for, nor acquire,
any securities to which this document refers, unless they do so on
the basis of the information contained in the applicable prospectus
published by the Company. The subscription or purchase of ordinary
shares of the Company is subject to specific legal or regulatory
restrictions in certain jurisdictions. Persons distributing this
communication must satisfy themselves that it is lawful to do so.
The Company assumes no responsibility in the event there is a
violation by any person of such restrictions.
These materials may not be published, distributed or transmitted
by any means or media, directly or indirectly, in whole or in part,
in or into the United States. These materials do not constitute an
offer to sell, or a solicitation of an offer to buy, securities in
the United States. Securities may not be offered or sold in the
United States absent (i) registration under the U.S. Securities Act
of 1933, as amended (the "Securities Act") or (ii) an available
exemption from registration under the Securities Act. The
securities mentioned herein have not been, and will not be,
registered under the Securities Act and will not be offered to the
public in the United States.
Peel Hunt LLP ("Peel Hunt") is authorised and regulated by the
Financial Conduct Authority (the "FCA") and is acting exclusively
for the Company and no one else in relation to the matters referred
to herein and is not, and will not be, responsible to anyone other
than the Company for providing the protections afforded to its
clients or for providing advice in relation to the contents of this
document or any other matter referred to herein.
Deutsche Bank AG, London Branch ("Deutsche Bank") is authorised
under German Banking Law (competent authority: European Central
Bank) and, in the United Kingdom, by the Prudential Regulation
Authority (the "PRA"). It is subject to supervision by the European
Central Bank and by BaFin, Germany's Federal Financial Supervisory
Authority, and is subject to limited regulation in the United
Kingdom by the PRA and the FCA. Details about the extent of its
authorisation and regulation by the PRA, and regulation by the FCA,
are available on request or from
www.db.com/en/content/eu_disclosures.html. Deutsche Bank is acting
exclusively for the Company and no one else in connection with the
matters referred to herein, and Deutsche Bank is not, and will not
be, responsible to anyone other than the Company for providing the
protections afforded to its clients or for providing advice in
relation to the contents of this document or any other matter
referred to herein.
No representation or warranty, express or implied, is or will be
made as to, or in relation to, and no responsibility or liability
is or will be accepted by Peel Hunt or Deutsche Bank or by any of
their respective affiliates or agents as to, or in relation to, the
accuracy or completeness of this announcement or any other written
or oral information made available to or publicly available to any
interested party or its advisers, and any liability therefore is
expressly disclaimed.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
ROMFKADDPBKDBAK
(END) Dow Jones Newswires
June 06, 2018 11:20 ET (15:20 GMT)
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