Peel Hunt LLP Result of Placing of Shares in Forterra plc (1964U)
16 January 2017 - 6:00PM
UK Regulatory
TIDMFORT
RNS Number : 1964U
Peel Hunt LLP
16 January 2017
16 January 2017
Result of Placing of Shares in Forterra plc ("Forterra" or the
"Company")
Further to the announcement made on 13 January 2017, LSF9
Concrete II Ltd ("LSF9 Concrete") has sold, subject to completion,
23,000,000 ordinary shares of one penny each in the Company (the
"Ordinary Shares") (the "Placing Shares") at a price of 170 pence
per share (the "Placing"). The Placing Shares represent
approximately 11.5% of Forterra's entire issued share capital.
Peel Hunt LLP ("Peel Hunt") and Numis Securities Limited
("Numis") acted as Joint Bookrunners in connection with the
Placing.
The Company's Ordinary Shares held by LSF9 Concrete which were
not sold in the Placing are subject to a 90-day lock-up which is
subject to customary exceptions and may otherwise only be waived
with the consent of the Joint Bookrunners.
Enquiries:
Peel Hunt LLP + 44 (0)20 7418 8914
Alastair Rae
Sohail Akbar
Numis Securities Limited
Jamie Loughborough +44 (0)20 7260 1312
DISCLAIMER
This announcement and the information contained herein may not
be published, distributed or transmitted, directly or indirectly,
in the United States (including its territories and possessions),
Canada, Australia, Japan or Republic of South Africa or any other
jurisdiction where such an announcement would be unlawful. The
distribution of this announcement may be restricted by law in
certain jurisdictions and persons into whose possession this
document or other information referred to herein comes should
inform themselves about and observe any such restriction. Any
failure to comply with these restrictions may constitute a
violation of the securities laws of any such jurisdiction. This
announcement and the information contained herein are for
information purposes only and do not constitute or form part of any
offer of securities for sale or a solicitation of an offer to
purchase securities in the United States, Australia, Canada, Japan,
or any other jurisdiction.
The Placing Shares have not been, and will not be, registered
under the US Securities Act of 1933, as amended (the "US Securities
Act"), or under the applicable securities laws of any state or
other jurisdiction of the United States, Canada, Australia, South
Africa or Japan or of any other jurisdiction. The Placing Shares
may not be offered or sold in the United States unless registered
under the US Securities Act or offered in a transaction exempt
from, or not subject to, the registration requirements of the US
Securities Act and the securities laws of any relevant state or
other jurisdiction of the United States. There will be no public
offering of the Placing Shares in the United States or
elsewhere.
The Placing Shares have not been approved or disapproved by the
US Securities and Exchange Commission, any state securities
commission or other regulatory authority in the United States, nor
have any of the foregoing authorities passed upon or endorsed the
merits of the Placing or the accuracy or adequacy of this
announcement. Any representation to the contrary is a criminal
offence in the United States.
In the United Kingdom, this document is only directed at persons
who are qualified investors (as defined below) and (i) are
investment professionals falling within Article 19(5) of the
Financial Services and Markets Act 2000 (Financial Promotion) Order
2005 (as amended) (the "Order") or (ii) are persons falling within
Article 49(2)(a) to (d) of the Order (high net worth companies,
unincorporated associations, etc.) (all such persons together being
referred to as "Relevant Persons"). This document is directed only
at Relevant Persons and must not be acted on or relied on by
persons who are not Relevant Persons. Any investment or investment
activity to which this document relates is available only to
Relevant Persons and will be engaged in only with Relevant
Persons.
In member states of the European Economic Area (EEA) which have
implemented the Prospectus Directive (each, a "Relevant Member
State"), this announcement and any offer if made is directed
exclusively at persons who are "qualified investors" within the
meaning of the Prospectus Directive ("qualified investors"). For
these purposes, the expression "Prospectus Directive" means
Directive 2003/71/EC (and amendments thereto, including the 2010 PD
Amending Directive, to the extent implemented in a Relevant Member
State), and includes any relevant implementing measure in the
Relevant Member State and the expression "2010 PD Amending
Directive" means Directive 2010/73/EU.
The distribution of this announcement and the offering or sale
of the Placing Shares in certain jurisdictions may be restricted by
law. No action has been taken that would permit an offering of
securities or possession or distribution of this announcement in
any jurisdiction where action for that purpose is required. Persons
into whose possession this announcement comes are required to
inform themselves about and to observe any such restrictions. No
prospectus or offering document has been or will be prepared in
connection with the Placing. Any investment decision to buy
securities in the Placing 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 any of
LSF9 Concrete, Peel Hunt LLP, Numis Securities Limited or any of
their respective affiliates.
Peel Hunt LLP and Numis Securities Limited, which are authorised
and regulated by the Financial Conduct Authority in the United
Kingdom, are acting only for the Seller in connection with the
Placing and will not be responsible to anyone other than the Seller
for providing the protections offered to the clients of the
Bookrunners nor for providing advice in relation to the Placing or
any matters referred to in this announcement.
In connection with any offering of the Placing Shares, the
Bookrunners and/or any respective affiliates may take up a portion
of the securities in the offering as a principal position and in
that capacity may retain, purchase or sell for their own account
such securities. The Bookrunners 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
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