Ted Baker PLC Proposed Placing (9350H)
June 26 2013 - 9:49AM
UK Regulatory
TIDMTED
RNS Number : 9350H
Ted Baker PLC
26 June 2013
THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR
PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN
THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH SUCH
PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL
26 June 2013
Ted Baker plc
("Ted Baker" or the "Company")
PROPOSED PLACING OF ORDINARY SHARES
Ted Baker plc, the British designer brand, has been advised by
Ray Kelvin, Founder and Chief Executive of the Company, of his
intention to sell up to 1,200,000 Ordinary Shares in the Company
(the "Placing"). This represents 2.82 per cent. of the total number
of voting rights in the Company.
Assuming that the maximum number of Ordinary Shares was sold
pursuant to the Placing, Ray Kelvin's interest in the Company would
be as follows:
Beneficial interest Proposed Beneficial
in Ordinary Shares Sale of Ordinary interest
before Placing Shares in Ordinary
(maximum) Shares
after Placing
----------- --------------------- ----------------- -----------------
No. % No. No. %
----------- ------------- ------ ----------------- ---------- -----
Ray Kelvin 16,537,899 38.83 1,200,000 15,337,899 36.01
----------- ------------- ------ ----------------- ---------- -----
The Placing will be managed by Espirito Santo Investment Bank as
sole bookrunner (the "Sole Bookrunner"). Pricing and allocations
are expected to be announced as soon as practicable.
The Ordinary Shares referred to above are the ordinary shares of
5 pence each in the Company.
Contacts:
Ted Baker plc +44 (0) 20 7255 4800
Ray Kelvin CBE, Founder
and Chief Executive
Lindsay Page, Finance
Director
Espirito Santo Investment
Bank + 44 (0) 20 7456 9191
Peter Tracey
John Millar
Hudson Sandler +44 (0) 20 7796 4133
Kate Hoare
Alex Brennan
Execution Noble Limited (which conducts its UK investment
banking business as Espirito Santo Investment Bank) ("Espirito
Santo Investment Bank" or "BESI") is acting on the Placing and will
not be responsible to anyone other than its clients for providing
the protections afforded to its clients, nor for providing advice
in relation to the Placing, the contents of this announcement, or
any transaction or arrangement referred to herein.
This announcement is for information purposes only and does not
constitute or form part of an offer or invitation to acquire or
dispose of any securities of Ted Baker, or constitute a
solicitation of any offer to purchase or subscribe for securities
in any jurisdiction, including the United States, Canada, Australia
or Japan. Ted Baker's shares have not been, and will not be,
registered under the United States Securities Act of 1933, as
amended, or under the securities legislation of any state of the
United States and may not be offered or sold in the United States
absent registration or an exemption from registration.
Ted Baker's shares may not, directly or indirectly, be offered
or sold within the United States, Canada, Australia or Japan or
offered or sold to a resident of Canada, Australia or Japan. No
public offering of securities is being made in the United
States.
This announcement is not for publication or distribution to
persons in the United States of America, its territories or
possessions or to any US person (within the meaning of Regulation S
under the US Securities Act of 1933, as amended). Neither this
announcement nor any copy of it may be taken or transmitted into
Australia, Canada or Japan or to Canadian persons or to any
securities analyst or other person in any of those jurisdictions.
Any failure to comply with this restriction may constitute a
violation of United States, Australian, Canadian or Japanese
securities law. The distribution of this announcement in certain
other jurisdictions may be restricted by law and persons into whose
possession this announcement comes should inform themselves about,
and observe, any such restrictions.
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
(all such persons together being referred to as "relevant
persons"). The information regarding the Placing set out in this
announcement must not be acted on or relied on by persons who are
not relevant persons. Any investment or investment activity to
which this announcement relates is available only to relevant
persons and will be engaged in only with relevant persons.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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