CHARTER plc Rights Issue
01/04/2004
Charter plc (“Charter” or the “Company”)
Rights Issue
NOT FOR DISTRIBUTION OR TRANSMISSION, DIRECTLY OR INDIRECTLY IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF IRELAND OR THE REPUBLIC OF SOUTH AFRICA.
Charter PLC announces that by 10.30 a.m. on 1 April 2004, the latest time and date for acceptance and payment in full for new Ordinary Shares under the terms of the Rights Issue announced on 20 February 2004, valid acceptances were received in respect of 54,448,396 new Ordinary Shares, representing approximately 96.39 per cent of the new Ordinary Shares offered by way of rights at 85 pence per share.
Hoare Govett will therefore be seeking to procure subscribers for the remaining 2,039,356 new Ordinary Shares.
Enquiries:
| Hoare Govett Limited | 020 7678 8000 | |
| Neil Collingridge | ||
| Philip Dayer | ||
| John MacGowan |
This announcement does not constitute, or form part of, an offer or solicitation of an offer, to purchase or subscribe for, underwrite or otherwise acquire, any rights, shares or other securities. These may only be made on the basis of information that is contained in the prospectus published in connection with the Rights Issue and any supplement thereto.
This announcement is not an offer for sale of securities in or into the United States, Canada, Australia, Japan, the Republic of Ireland or the Republic of South Africa or in any other jurisdiction. The securities have not been registered with, recommended, approved or disapproved by any US federal or state securities commission or regulatory authority. There will be no public offer of securities in the United States.
Hoare Govett, which is regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for Charter and no one else in connection with the Rights Issue and will not be responsible to anyone other than Charter for providing the protections afforded to clients of Hoare Govett or for providing advice in relation to the Rights Issue.
Words and expressions defined in the Charter PLC prospectus dated 20 February 2004 have the same meaning when used in this announcement, unless the context otherwise requires.