TIDMINPP
RNS Number : 6191F
International Public Partnership Ld
19 June 2012
19 June 2012
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT
FOR PUBLICATION, RELEASE, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY,
IN, OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH
AFRICA OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL OR
TO U.S. PERSONS. THE INFORMATION CONTAINED HEREIN DOES NOT
CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN ANY JURISDICTION
INCLUDING IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH
AFRICA.
This Announcement is for information purposes only and does not
constitute an invitation or inducement to subscribe for or
otherwise acquire or dispose of securities in the Company (defined
below) in any jurisdiction. The information contained in this
Announcement is for background purposes, is subject to updating and
amendment, and does not purport to be full or complete. No reliance
may be placed for any purpose on the information contained in this
Announcement or its accuracy or completeness.
GBP200 million raised through Placing, Open Offer and Offer for
Subscription
Result of Placing, Open Offer and Offer for Subscription
Further to the announcement of 25 May, International Public
Partnerships Limited ("INPP" or the "Company") is pleased to
announce that it has raised a total of GBP200 million through the
Placing, Open Offer and Offer for Subscription. The Placing, Open
Offer and Offer for Subscription have now closed.
Commenting on the result of the Placing, Open Offer and Offer
for Subscription, Keith Dorrian, Chairman of INPP, said:
"We're delighted to have exceeded our fundraising target,
attracting GBP200 million of additional capital from a range of UK
and international investors. Indeed, the total of applications made
through the Placing, Open Offer and Offer for Subscription exceeded
this figure."
The Placing, Open Offer and Offer for Subscription are
conditional upon the following conditions:
i. the Issue Pre-Emption Resolution being passed at the Annual General Meeting;
ii. the admission becoming effective by not later than 8.00 a.m.
(London time) on 25 June 2012 (or such later date (being no later
than 9 July 2012) as may be provided for in accordance with the
terms of the Issue Agreement); and
iii. the Issue Agreement becoming otherwise unconditional in all
respects, and not being terminated in accordance with its terms
before Admission becomes effective.
It is expected that Admission will become effective, and
dealings in the New Ordinary Shares will commence, at 8.00 a.m. on
25 June 2012.
It is expected that New Ordinary Shares issued under the
Placing, Open Offer and Offer for Subscription in uncertificated
form will be credited to accounts in CREST on 25 June 2012, and
that definitive share certificates for the New Ordinary Shares
issued in certificated form will be dispatched as soon as possible
after 2 July 2012.
Unless otherwise defined, capitalised words and phrases in this
Announcement shall have the meaning given to them in the
Prospectus.
For further information:
Erica Sibree
Amber Fund Management Limited
+44 (0)20 7939 0558
Chris Gook / Nick Westlake
Numis Securities Limited
+44 (0)20 7260 1378/1345
Adam Welham
Barclays
+44 (0)20 7263 2323
Ed Berry / Harry Stein
FTI Consulting
+44 (0)20 7269 7297/7141
IMPORTANT NOTICES
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 to, or in relation to, and
no responsibility or liability is or will be accepted by Numis
Securities Limited ("Numis") or Barclays Bank PLC ("Barclays") 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.
Numis is acting for the Company as sponsor, corporate broker,
financial adviser and joint bookrunner and Barclays is acting for
the Company as joint bookrunner in relation to the proposed Issue
of New Shares pursuant to the Placing, Open Offer and Offer for
Subscription. Numis and Barclays are both authorised and regulated
by the Financial Services Authority. Neither Numis nor Barclays are
acting for anyone else and will not be responsible to anyone other
than INPP for providing the protections afforded to their
respective clients nor for providing advice in relation to the
proposed issue or any other matter referred to herein. To the
fullest extent permitted by law recipients agree that neither Numis
nor Barclays shall have any liability (direct or indirect) for or
in connection with this Announcement or any matters arising out of
or in connection herewith. Neither Numis nor Barclays has
authorised the contents of, or any part of, this document.
Ordinary Shares to be issued pursuant to the Issue have not
been, and will not be, registered under the U.S. Securities Act of
1933, as amended (the "Securities Act") or under the applicable
state securities laws of the United States, and accordingly,
subject to certain exceptions, may not be offered or sold directly
or indirectly in or into the United States, or to or for the
benefit of any U.S. person (within the meaning of Regulation S
under the Securities Act). In addition, the Company has not been
and will not be registered under the United States Investment
Company Act of 1940, as amended.
The distribution of this Announcement and the placing, open
offer and offer for subscription of Ordinary Shares in certain
jurisdictions may be restricted by law. No action has been taken by
the Company, Numis or Barclays that would permit an offering of any
Ordinary Shares or possession or distribution of this Announcement
or any other offering or publicity material relating to such
Ordinary Shares in any jurisdiction where action for that purpose
is required. Persons into whose possession this Announcement comes
are required by the Company, Numis and Barclays to inform
themselves about, and to observe, such restrictions.
Certain statements in this Announcement are forward-looking
statements which are based on the Company's expectations,
intentions and projections regarding its future performance,
anticipated events or trends and other matters that are not
historical facts. These statements are not guarantees of future
performance and are subject to known and unknown risks,
uncertainties and other factors that could cause actual results to
differ materially from those expressed or implied by such
forward-looking statements. Given these risks and uncertainties,
prospective investors are cautioned not to place undue reliance on
forward-looking statements. Forward-looking statements speak only
as of the date of such statements and, except as required by
applicable law, the Company undertakes no obligation to update or
revise publicly any forward-looking statements, whether as a result
of new information, future events or otherwise.
The information contained in this Announcement is subject to
change without notice and neither the Company nor Numis nor
Barclays assume any responsibility or obligation to update publicly
or review any of the forward-looking statements contained
herein.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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