Peel Hunt LLP Result of Placing (2209F)
18 February 2015 - 8:32PM
UK Regulatory
TIDMRNK
RNS Number : 2209F
Peel Hunt LLP
18 February 2015
Not for publication, distribution or release directly or
indirectly, in whole or in part, in or into the United States,
Australia, Canada, Japan or Republic of South Africa or any other
jurisdiction in which offers or sales would be prohibited by
law.
Result of placing of ordinary shares in The Rank Group plc
Further to the announcement released earlier today, GuoLine
Overseas Limited ("GuoLine"), a subsidiary of Hong Leong Company
(Malaysia) Berhad ("Hong Leong"), announces that it has sold
50,000,000 ordinary shares (the "Placing Shares") in The Rank Group
plc ("Rank" or the "Company") at a placing price of 185 pence per
share (the "Placing"), raising gross proceeds of approximately
GBP92.5 million.
Post completion of the Placing, Hong Leong Group's remaining
stake in Rank will comprise approximately 219.1 million ordinary
Rank shares, equivalent to approximately 56.1% of Rank's entire
issued ordinary share capital.
Enquiries:
Peel Hunt LLP +44 (0) 207 418 8900
Al Rae (ECM) +44 (0) 207 418 8914
Alex Carter (Sales) +44 (0) 207 418 8970
Dan Webster (Corporate)
Richard Brown
George Sellar
The distribution of this announcement and the offer and sale of
the Placing Shares in certain jurisdictions may be restricted by
law. The Placing Shares may not be offered to the public in any
jurisdiction in circumstances which would require the preparation
or registration of any prospectus or offering document relating to
the Placing Shares in such jurisdiction. No action has been taken
by Hong Leong or by Peel Hunt or any of their respective affiliates
that would permit an offering of the Placing Shares or possession
or distribution of this announcement or any other offering or
publicity material relating to such securities in any jurisdiction
where action for that purpose is required. This announcement is not
an offer of securities or investments for sale nor a solicitation
of an offer to buy securities or investments in any jurisdiction
where such offer or solicitation would be unlawful.
This announcement is not for publication, distribution or
release, directly or indirectly, in or into the United States of
America (including its territories and dependencies, any State of
the United States and the District of Columbia), Australia, Canada,
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 announcement 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.
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"), and may not be offered or sold in the United
States except pursuant to an exemption from, or in a transaction
not subject to, the registration requirements of the Securities
Act. Neither this announcement nor the information contained herein
constitutes or forms part of an offer to sell or the solicitation
of an offer to buy securities in the United States. There will be
no public offering of any securities in the United States or in any
other jurisdiction.
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 subsequently 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. In the United
Kingdom this announcement is directed exclusively at Qualified
Investors (i) who have professional experience in matters relating
to investments falling within Article 19(5) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005, as
amended (the "Order") or (ii) who fall within Article 49(2)(A) to
(D) of the Order, and (iii) to whom it may otherwise lawfully be
communicated.
In connection with any offering, Peel Hunt and any of its
respective affiliates acting as an investor for its own account may
take up as a proprietary position any Placing Shares and in that
capacity may retain, purchase or sell for their own account such
Placing Shares. In addition they may enter into financing
arrangements and swaps with investors in connection with which they
may from time to time acquire, hold or dispose of Placing Shares.
Peel Hunt does 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.
Peel Hunt which is authorised and regulated in the United
Kingdom by the Financial Conduct Authority, is acting on behalf of
Hong Leong and no one else in connection with any offering of the
Placing Shares and will not be responsible to any other person for
providing the protections afforded to any of their clients or for
providing advice in relation to any offering of the Placing Shares.
Peel Hunt will not regard any other person as its client in
relation to the offering of the Placing Shares.
No representation or warranty, express or implied, is or will be
made as to, or in relation to, and no responsibility or liability
is or will be accepted by Peel Hunt or by any of its affiliates or
agents as to, or in relation to, the accuracy or completeness of
this announcement or any other written or oral information made
available to or publicly available to any interested party or its
advisers, and any liability therefore is expressly disclaimed.
The price of shares and the income from them may go down as well
as up and investors may not get back the full amount invested on
disposal of the shares. Past performance is no guide to future
performance and persons needing advice should consult an
independent financial advisor.
This announcement includes statements that are, or may be deemed
to be, forward-looking statements. These forward-looking statements
may be identified by the use of forward-looking terminology,
including the terms "intends", "expects", "will", or "may", or, in
each case, their negative or other variations or comparable
terminology, or by discussions of strategy, plans, objectives,
goals, future events or intentions. These forward-looking
statements include all matters that are not historical facts. Any
forward-looking statements are subject to risks relating to future
events and assumptions relating to Rank's business, in particular
from changes in political conditions, economic conditions, evolving
business strategy, or the retail industry. No assurances can be
given that the forward-looking statements in this announcement will
be realized. As a result, no undue reliance should be placed on
these forward-looking statements as a prediction of actual results
or otherwise.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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