Credit Suisse Securities (Eur) Ltd Post Stab Notice - Glenveagh Properties PLC (6777T)
17 October 2017 - 3:00AM
UK Regulatory
TIDMIRSH TIDMGLV
RNS Number : 6777T
Credit Suisse Securities (Eur) Ltd
16 October 2017
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA,
CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO
SO MIGHT CONSTITUTE A BREACH OF APPLICABLE LAW OR REGULATION.
16 October 2017
Glenveagh Properties PLC
Exercise of Over-allotment Option and Post-Stabilisation Period
Announcement
Further to the pre-stabilisation period announcement dated 10
October 2017, Credit Suisse Securities (Europe) Limited ("Credit
Suisse") (contact: Lloyd Adams; telephone: +44 20 7888 6341) hereby
gives notice that no stabilisation (within the meaning of Article
3.2(d) of the Market Abuse Regulation (EU/596/2014) was or will be
undertaken by Credit Suisse (as "Stabilisation Manager") in
relation to the offer of the following securities:
Issuer: Glenveagh Properties PLC
----------------- ------------------------------------
Guarantor N/A
(if any):
----------------- ------------------------------------
Aggregate 500,000,000 fully paid ordinary
nominal amount: shares of EUR0.001 each
----------------- ------------------------------------
Description: Initial Public Offering of ordinary
shares of EUR0.001 each
----------------- ------------------------------------
Stabilisation Credit Suisse Securities (Europe)
Manager(s): Limited
----------------- ------------------------------------
Offer price: EUR1 per ordinary share
----------------- ------------------------------------
On 16(th) October 2017, Credit Suisse, as Stabilisation Manager,
exercised in full the over-allotment option granted by Glenveagh
Properties PLC ("Glenveagh") in respect of 50,000,000 ordinary
shares in Glenveagh (the "Over-allotment Shares") at the offer
price of EUR1 per Over-allotment Share.
Following the exercise of the over-allotment option, the
stabilisation period (initially expected to conclude by 8 November
2017) is hereby terminated as of the date hereof.
Although stabilisation offers were made, no stabilisation
transactions were carried out.
This announcement is for information purposes only and does not
constitute an invitation or offer to underwrite, subscribe for or
otherwise acquire or dispose of any securities of Glenveagh in any
jurisdiction.
This announcement is not for publication or distribution,
directly or indirectly, in or into the United States. This
announcement is not an offer to sell or the solicitation of an
offer to purchase or subscribe for any securities of the Issuer in
the United States. The securities referred to herein have not been
and will not be registered under the U.S. Securities Act of 1933,
as amended (the "Securities Act"), or under the securities laws of
any state or other jurisdiction of the United States, and may not
be offered, sold or resold in the United States except pursuant to
an exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act and in compliance
with any applicable securities laws of any state or other
jurisdiction of the United States. There will be no public offering
of securities in the United States.
In addition, if and to the extent that this announcement is
communicated in, or the offer of the securities to which it relates
is made in, any EEA Member State that has implemented Directive
2003/71/EC (together with any applicable implementing measures in
any Member State, the "Prospectus Directive") before the
publication of a prospectus in relation to the securities which has
been approved by the competent authority in that Member State in
accordance with the Prospectus Directive (or which has been
approved by a competent authority in another Member State and
notified to the competent authority in that Member State in
accordance with the Prospectus Directive), this announcement and
the offer are only addressed to and directed at persons in that
Member State who are "qualified investors" within the meaning of
the Prospectus Directive (or who are other persons to whom the
offer may lawfully be made) and must not be acted on or relied on
by other persons in that Member State.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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