Finablr PLC Stabilisation Notice (0816Z)
May 15 2019 - 2:02AM
UK Regulatory
TIDMFIN
RNS Number : 0816Z
Finablr PLC
15 May 2019
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES OF
AMERICA, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR ANY
JURISDICTION IN WHICH SUCH DISTRIBUTION WOULD BE UNLAWFUL.
Finablr PLC
Stabilisation Notice
15 May 2019
Finablr PLC hereby gives notice that the entity undertaking
stabilisation (the "Stabilising Manager") named below and its
affiliates may stabilise the offer of the following securities in
accordance with Regulation (EU) No 596/2014 (Market Abuse
Regulation) and Commission Delegated Regulation (EU) 2016/1052.
Stabilisation transactions aim at supporting the market price of
the securities during the stabilisation period. Stabilisation may
not necessarily occur and it may cease at any time.
The securities:
Issuer: Finablr PLC
Shares: Ordinary Shares of GBP1.00 each (ISIN:GB00BJ7HMW26)
Offering size: 175,000,000 Ordinary Shares excluding over-allotment
option
Description: Initial Public Offering of Ordinary Shares
Offer price: 175 pence per Ordinary Share
Stabilisation:
Stabilising Manager J.P. Morgan Securities plc, 25 Bank Street,
(and central point London, E14 5JP, United Kingdom
within the meaning
of Commission Delegated
Regulation 2016/1052):
Beginning of the 15 May 2019
stabilisation period:
Stabilisation period 14 June 2019
to end no later than:
Trading venue where London Stock Exchange
stabilisation may
be undertaken:
Maximum size and The Stabilising Manager may over-allot
conditions of use the securities to the extent permitted
of Over-allotment in accordance with applicable law, up to
Option: the maximum size of 17,500,000 Ordinary
Shares
Over-allotment Option:
Terms: For the purposes of allowing the Stabilising
Manager to cover short positions resulting
from any over-allotments and/or from sales
of Shares effected by them during the stabilisation
period, the Stabilising Manager has been
granted an Over-allotment Option, pursuant
to which the Stabilising Manager may purchase
or procure purchasers for additional Shares
at the Offer Price. The Over-allotment
Option will be exercisable in whole or
in part, upon notice by the Stabilising
Manager, at any time on or before the 30th
calendar day after the commencement of
conditional dealings of the Shares on the
London Stock Exchange. Any Over-allotment
Shares made available pursuant to the Over-allotment
Option will be purchased on the same terms
and conditions as the Shares being sold
in the Offer.
Number of shares 17,500,000 Ordinary Shares
covered by Over-allotment
Option
Duration: The Over-allotment Option may be exercised
in full or in part at any time during the
stabilisation period.
Disclaimer
In connection with the offer of the above securities, the
Stabilising Manager may over-allot the securities or effect
transactions with a view to supporting the market price of the
securities at a level higher than that which might otherwise
prevail. However, there is no assurance that the Stabilising
Manager will take any stabilisation action and any stabilisation
action, if begun, may be ended at any time without prior notice.
Any stabilisation action or over-allotment shall be conducted in
accordance with all applicable laws and rules.
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 release, publication or
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 South Africa or any
other jurisdiction where such release, publication or distribution
would be unlawful. This announcement does not contain or
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 South Africa or any other jurisdiction
where such an offer would be unlawful.
The securities of the Issuer have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (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, Japan or South Africa and, subject to certain exceptions,
may not be offered or sold within Australia, Canada, Japan or South
Africa or to any national, resident or citizen of Australia,
Canada, Japan or South Africa. The release, publication or
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.
In member states of the European Economic Area (each, a
"Relevant Member State"), this announcement and any offer if made
subsequently is addressed and directed only at persons who are
"qualified investors" within the meaning of the Prospectus
Directive ("Qualified Investors"). For these purposes, the
expression "Prospectus Directive" means Directive 2003/71/EC (and
amendments thereto, including the 2010 PD Amending Directive, to
the extent implemented in a Relevant Member State), and includes
any relevant implementing measure in the Relevant Member State and
the expression "2010 PD Amending Directive" means Directive
2010/73/EU. In the United Kingdom this announcement is directed
exclusively at Qualified Investors (i) who have professional
experience in matters relating to investments falling within
Article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005, as amended (the "Order"), or (ii)
who fall within Article 49(2)(A) to (D) of the Order, and (iii) to
whom it may otherwise lawfully be communicated, and any investment
activity to which it relates will only be engaged in with such
persons and it should not be acted upon or relied on by anyone
other than such persons.
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
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