Foresight Slr Fnd Ld Foresight Solar Fund Limited : Result Of Placing
June 12 2015 - 2:01AM
UK Regulatory
TIDMFSFL
Foresight Solar Fund Limited: Result of Placing
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, TO
U.S. PERSONS, OR IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, SOUTH
AFRICA OR JAPAN
This announcement does not constitute an offer to sell, or the
solicitation of an offer to subscribe for, or to buy shares in any
jurisdiction.
This announcement is neither an advertisement, a prospectus nor a
financial promotion. Any investment in any shares referred to in this
announcement may be made only on the basis of information in the
prospectus (the "Prospectus") published by Foresight Solar Fund Limited
on 25 September 2014 and the supplementary prospectus (the
"Supplementary Prospectus") published on 12 March 2015, in connection
with a placing programme (the "Placing Programme") for ordinary shares
of no par value each ("Ordinary Shares"), to be admitted to the Premium
Listing segment of the Official List of the UK Listing Authority and to
trading on the Main Market for listed securities of the London Stock
Exchange.
Foresight Solar Fund Limited
Result of Placing
12 June 2015
On 18 May 2015, the Board of Foresight Solar Fund Limited (the
"Company") announced its intention to raise additional capital by way of
a placing of new Ordinary Shares ("New Shares") under the Placing
Programme in accordance with the Prospectus and the Supplementary
Prospectus (the "Placing").
The Board is pleased to announce that GBP38.7m of gross proceeds has
been raised in the Placing. A total of 37,670,814 New Shares will be
issued at a price of 102.7 pence (subject to Admission).
Application has been made for the New Shares to be admitted to the
Official List and to trading on the London Stock Exchange's Main Market
for listed securities ("Admission"). It is expected that Admission will
become effective and dealings in the New Shares will commence on 16 June
2015.
Following Admission, the Company expects to have 281,803,232 Ordinary
Shares in issue. The total number of voting rights of the Company will
be 281,803,232 and 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, the Company.
ENDS
For further information, please contact:
Foresight Group
Elena Palasmith epalasmith@foresightgroup.eu +44 (0)203 667 8100
Stifel Nicolaus Europe Limited (Sponsor and Joint
Bookrunner) +44 (0)20 7710 7600
Mark Bloomfield
Neil Winward
Tunga Chigovanyika
J.P. Morgan Cazenove (Joint Bookrunner)
William Simmonds +44 (0)20 7742 4000
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 South
Africa. 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 South Africa. The
securities of the Company have not been and will not be registered under
the U.S. Securities Act of 1933, as amended (the "Securities Act") or
the US Investment Company Act of 1940, as amended and may not be offered
or sold directly or indirectly in or into the United States or to or for
the account or benefit of any US Person (within the meaning of
Regulation S under 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.
This announcement has been issued by and is the sole responsibility of
the Company. 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, Stifel Nicolaus Europe Limited, or
J.P. Morgan Cazenove 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 their advisers and any
liability therefore is expressly disclaimed.
Stifel Nicolaus Europe Limited, which is authorised and regulated in the
United Kingdom by the Financial Conduct Authority, is acting as sponsor
to the Company and is acting for no-one else in connection with the
Placing and the contents of this announcement and will not be
responsible to anyone other than the Company for providing the
protections afforded to clients of Stifel Nicolaus Europe Limited nor
for providing advice in connection with the Issues and the contents of
this announcement or any other matter referred to herein.
J.P. Morgan Cazenove which is authorised by the Prudential Regulation
Authority and regulated by the Prudential Regulation Authority and the
Financial Conduct Authority and Stifel Nicolaus Europe Limited (together,
the "Joint Bookrunners"), are each acting exclusively for the Company
and no-one else in connection with the Placing or the matters referred
to in this announcement, will not regard any other person as their
respective client in relation to the Placing and will not be responsible
to anyone other than the Company for providing the protections afforded
to their respective clients or for providing advice in relation to the
Placing or any transaction or arrangement referred to in this
announcement.
This announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Foresight Solar Fund Limited via Globenewswire
HUG#1928033
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