CHARTER plc Successful placement of the Rights Issue rump
02/04/2004
Charter plc (“Charter” or the “Company”)
Successful placement of the Rights Issue rump
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.
Following yesterday’s announcement regarding valid acceptances under the Rights Issue, Charter PLC now announces that Hoare Govett has procured subscribers for the 2,039,356 new Ordinary Shares for which valid acceptances were not received, at a price of 132.5 pence per share.
The net proceeds, after deduction of the Issue Price of 85 pence per share and the expenses of procuring subscribers (including any related value added tax), will be pro-rated to those persons whose rights have lapsed in accordance with the terms of the Rights Issue.
Accordingly, sub-underwriters will not be required to subscribe for any 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.