BofA Merrill Lynch Result of Placing (8599C)
January 25 2018 - 2:00AM
UK Regulatory
TIDMPETS
RNS Number : 8599C
BofA Merrill Lynch
25 January 2018
NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES,
AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER
JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO. PLEASE SEE THE
IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED TO
CONSTITUTE INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE
MARKET ABUSE REGULATION (EU) NO. 596/2014. UPON THE PUBLICATION OF
THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE
IN THE PUBLIC DOMAIN.
PLACING OF 62,013,086 ORDINARY SHARES IN PETS AT HOME GROUP PLC
("PETS AT HOME" OR "COMPANY")
25 January 2018
Further to the announcement released on 24 January 2018,
entities owned by certain funds managed and advised by, or
otherwise affiliated with, Kohlberg Kravis Roberts & Co. L.P.
("KKR") have sold an aggregate of 62,013,086 ordinary shares in the
capital of the Company at a price of 174 pence per share (the
"Placing") raising aggregate gross sale proceeds of approximately
GBP108 million through the Placing. Following completion of the
Placing, KKR will no longer hold any ordinary shares in the capital
of the Company. Pets at Home will not receive any proceeds from the
sale.
The proceeds of the Placing are payable in cash on usual
settlement terms, and closing of the Placing is expected to occur
on a T+2 basis on 29 January 2018, subject to the satisfaction or
waiver of certain customary conditions. Merrill Lynch International
and Numis Securities Limited are acting as joint bookrunners on the
transaction (together the "Bookrunners").
THIS MESSAGE and the information contained herein is for
information purposes only and DOES NOT CONSTITUTE AN OFFER TO SELL
OR THE SOLICITATION OF AN OFFER TO BUY ANY OF THESE SECURITIES IN
THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA, JAPAN OR ANY
OTHER JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD
BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE
SECURITIES LAWS OF ANY SUCH JURISDICTION. THE SECURITIES MAY NOT BE
OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN
APPLICABLE EXEMPTION FROM UNITED STATES REGISTRATION REQUIREMENTS.
NO PUBLIC OFFER OF SECURITIES IS TO BE MADE IN THE UNITED STATES
AND Neither this announcement nor any copy of it may be taken,
transmitted or distributed, directly or indirectly, in or into or
from the United States (including its territories and possessions,
any state of the United States and the District of Columbia),
Canada, South Africa or Japan. Any failure to comply with this
restriction may constitute a violation of United States, Canadian,
South African or Japanese securities laws.
THIS ANNOUNCEMENT AND ANY OFFER OF SECURITIES TO WHICH IT
RELATES ARE ONLY ADDRESSED TO AND DIRECTED AT PERSONS WHO ARE (1)
QUALIFIED INVESTORS WITHIN THE MEANING OF DIRECTIVE 2003/71/EC AND
ANY RELEVANT IMPLEMENTING MEASURES (THE "PROSPECTUS DIRECTIVE") AND
(2) WHO HAVE PROFESSIONAL EXPERIENCE IN MATTERS RELATING TO
INVESTMENTS WHO FALL WITHIN ARTICLE 19(1) OF THE FINANCIAL SERVICES
AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005 (THE "ORDER")
OR ARE PERSONS FALLING WITHIN ARTICLE 49(2)(A) TO (D) ("HIGH NET
WORTH COMPANIES, UNINCORPORATED ASSOCIATIONS, ETC") OF THE ORDER OR
ARE PERSONS TO WHOM AN OFFER OF THE PLACING SHARES MAY OTHERWISE
LAWFULLY BE MADE.
THIS ANNOUNCEMENT DOES NOT, AND SHALL NOT, IN ANY CIRCUMSTANCES
CONSTITUTE A PUBLIC OFFERING, NOR AN OFFER TO SELL OR TO SUBSCRIBE,
NOR A SOLICITATION TO OFFER TO PURCHASE OR TO SUBSCRIBE SECURITIES
IN ANY JURISDICTION. The distribution of this announcement and the
offering or sale of the SEcurities in certain jurisdictions may be
restricted by law. No action has been taken by KKR, MERRILL LYNCH
INTERNATIONAL or NUMIS SECURITIES LIMITED or any of their
respective affiliates that would, or which is intended to, permit a
public offer of the Securities in any jurisdiction or possession or
distribution of this announcement or any other offering or
publicity material relating to the Securities in any jurisdiction
where action for that purpose is required. Persons into whose
possession this announcement comes are required by KKR, MERRILL
LYNCH INTERNATIONAL AND NUMIS SECURITIES LIMITED to inform
themselves about and to observe any applicable restrictions.
WITH RESPECT TO THE MEMBER STATES OF THE EUROPEAN ECONOMIC AREA
WHICH HAVE IMPLEMENTED THE PROSPECTUS DIRECTIVE (EACH A "RELEVANT
MEMBER STATE"), NO ACTION HAS BEEN UNDERTAKEN OR WILL BE UNDERTAKEN
TO MAKE AN OFFER TO THE PUBLIC OF THE SHARES SOLD BY THE INVESTORS
REQUIRING A PUBLICATION OF A PROSPECTUS IN ANY RELEVANT MEMBER
STATE. AS A CONSEQUENCE, THE SHARES MAY ONLY BE OFFERED OR SOLD IN
ANY RELEVANT MEMBER STATE PURSUANT TO AN EXEMPTION UNDER THE
PROSPECTUS DIRECTIVE.
No prospectus or offering document has been or will be prepared
in connection with the Offer. Any investment decision to buy
securities in the Offer must be made solely on the basis of
publicly available information. Such information is not the
responsibility of and has not been independently verified by KKR,
MERRILL LYNCH INTERNATIONAL OR NUMIS SECURITIES LIMITED or any of
their respective affiliates.
EACH OF MERRILL LYNCH INTERNATIONAL, WHICH Is AUTHORISED BY THE
PRUDENTIAL REGULATORY AUTHORITY AND REGULATED BY THE FINANCIAL
CONDUCT AUTHORITY AND PRUDENTIAL REGULATORY AUTHORITY, AND NUMIS
SECURITIES LIMITED, WHICH IS AUTHORISED AND REGULATED BY THE
FINANCIAL CONDUCT AUTHORITY, is ACTING FOR kkr ONLY IN CONNECTION
WITH THE OFFER AND WILL NOT will not be responsible to anyone other
than KKR for providing the protections offered to clients of
MERRILL LYNCH INTERNATIONAL AND NUMIS SECURITIES LIMITED, nor for
providing advice in relation to the Placing or any matters referred
to in this announcement.
In connection with THE PLACING, ANY OF THE BOOKRUNNERS and any
of THEIR RESPECTIVE affiliates may take up a portion of the PLACING
Shares as a principal position and in that capacity may retain,
purchase or sell for their own accounts such PLACING Shares. In
addition they may enter into financing arrangements and swaps with
investors in connection with which they may from time to time
acquire, hold or dispose of PLACING Shares. They do not intend to
disclose the extent of any such investment or transactions
otherwise than in accordance with any legal or regulatory
obligation to do so.
This information is provided by RNS
The company news service from the London Stock Exchange
END
ROILZLLLVFFBBBF
(END) Dow Jones Newswires
January 25, 2018 02:00 ET (07:00 GMT)
Pets At Home (LSE:PETS)
Historical Stock Chart
From Jun 2024 to Jul 2024
Pets At Home (LSE:PETS)
Historical Stock Chart
From Jul 2023 to Jul 2024