Statement re Completion of Placing
02 March 2012 - 8:08PM
UK Regulatory
TIDMSKG
THIS ANNOUNCEMENT AND THE INFORMATION IN IT IS RESTRICTED AND IS
NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, IN WHOLE OR IN PART,
DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA,
AUSTRALIA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH
SUCH PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL
Completion of Placing
SKG.I SKG.L
Dublin, London, 2 March 2012: Smurfit Kappa Group PLC ("SKG" or
the "Group") has been informed that Credit Suisse Securities
(Europe) Limited and Davy have successfully placed 21,600,000
existing ordinary shares ("Shares") in SKG on behalf of Smurfit
Kappa Feeder G.P. Limited (the "Feeder"), an entity controlled by
Cinven Limited and CVC Capital Partners. by way of an accelerated
bookbuild (the "Placing"). The Shares were placed with
institutional investors at a price of EUR7.30 per share.
Following the Placing, the Feeder continues to own in aggregate
18,282,681 shares in SKG, representing 8.2% of the issued share
capital of SKG. SKG's free float increased to approximately 75.1%
from 65.4.%.
Cinven Limited and CVC Capital Partners, through the Feeder have
consented to a lock-up with respect to their residual holdings in
SKG, subject to customary exceptions, commencing on the date hereof
and ending upon the termination of SKG's first quarter 2012 close
period which will occur immediately following the public
announcement of SKG's first quarter 2012 results and is currently
expected to occur on or about 4th May 2012.
Contacts
FTI Consulting
Tel: +353 1 663 36 80
E-mail: smurfitkappa@fticonsulting.com
This announcement is for information purposes only and does not
constitute an offer to sell or issue or the solicitation of an
offer to buy or acquire shares in the capital of SKG to any person
in any jurisdiction and is not for release, distribution or
publication, in whole or in part, directly or indirectly in
Australia, Canada, Japan, South Africa or the United States or in
any jurisdiction where it would be unlawful to do so. Any failure
to comply with these restrictions may constitute a violation of the
securities laws of such jurisdictions.
This announcement is not an offer to sell or a solicitation of
an offer to buy the Shares in the United States. The Shares have
not been and will not be registered under the US Securities Act of
1933, as amended (the "Securities Act") and may not be offered,
sold or transferred, directly or indirectly, within in the United
States unless registered under the Securities Act or pursuant to an
exemption from, or in a transaction which is not subject to, the
registration requirements of the Securities Act. No public offering
of the Shares is being made in the United States.
This announcement is directed only at (A) persons in members
states of the European Economic Area who are qualified investors as
defined in Article 2(1)(e) of the EU Prospectus Directive (which
means the Directive 2003/71/EC and includes any relevant
implementing directive measure in any member state); and (B) in the
United Kingdom qualified investors who are persons who (i) persons
who have professional experience in matters relating to investments
falling within Article 19(1) of the Financial Services and Markets
Act 2000 (Financial Promotion) Order 2005 (the " Order"); or (ii)
who are persons falling within Article 49(2)(a) to (d) of the
Order; or (iii) other persons to whom it may be lawfully
communicated (all such persons together being referred to as
"relevant persons"). This document must not be acted on or relied
upon by persons who are not relevant persons. Any investment or
investment activity to which this document relates is available to
relevant persons, and will be engaged only with such persons. The
Placing is being made by means of an offer to institutional
investors. The Placing and the distribution of this announcement
and other information in connection with the Placing in certain
jurisdictions may be restricted by law and persons into whose
possession any 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.
Credit Suisse Securities (Europe) Limited and Davy are acting
for the Feeder only in connection with the Placing, and no one
else, and will not be responsible to anyone other than the Feeder
for providing the protections offered to clients of Credit Suisse
Securities (Europe) Limited and Davy nor for providing advice in
relation to the Placing.
About Smurfit Kappa Group
Smurfit Kappa Group is a world leader in paper-based packaging
with operations in Europe and Latin America. Smurfit Kappa Group
operates in 21 countries in Europe and is the European leader in
containerboard, solidboard, corrugated and solidboard packaging and
has a key position in several other packaging and paper segments.
Smurfit Kappa Group also has a growing base in Eastern Europe and
operates in 9 countries in Latin America where it is the only
pan-regional operator.
Smurfit Kappa (LSE:SKG)
Historical Stock Chart
From Jun 2024 to Jul 2024
Smurfit Kappa (LSE:SKG)
Historical Stock Chart
From Jul 2023 to Jul 2024