TIDMTRS
RNS Number : 9855Q
Tarsus Group PLC
05 December 2016
5 December 2016
THIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR PUBLICATION,
RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN
PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC
OF SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH
PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL.
Tarsus Group plc
Completion of Placing
Tarsus Group plc ("Tarsus" or the "Company") is pleased to
confirm that, pursuant to the announcement earlier today,
10,252,610 new ordinary shares of 5 pence each in the capital of
Tarsus (the "Placing Shares") have been placed by Investec Bank plc
("Investec") at a price of 235.0 pence per Placing Share with
existing and new institutional investors, raising gross proceeds of
approximately GBP24.1 million (the "Placing").
Applications have been made to the Financial Conduct Authority
(the "FCA") for admission of the Placing Shares to the premium
listing segment of the Official List of the UK Listing Authority
(the "Official List") and to the London Stock Exchange plc for
admission to trading of the Placing Shares on its main market for
listed securities (together, "Admission"). It is expected that
Admission will take place at 8.00 a.m. on 7 December 2016 and that
dealings in the Placing Shares on the London Stock Exchange's main
market for listed securities will commence at that time.
The Placing Shares will, when issued, be credited as fully paid
and will rank pari passu in all respects with the existing ordinary
shares of 5 pence each in the share capital of the Company,
including the right to receive all dividends and other
distributions declared, made or paid in respect of such shares
after the date of issue of the Placing Shares.
For further information contact:
Tarsus Group plc +44 (0) 20 8846 2700
Douglas Emslie, Group Managing
Director
Dan O'Brien, Group Finance
Director
Investec Bank plc (Sole Bookrunner
and Broker) +44 (0) 20 7597 4000
Chris Sim / David Anderson
Henry Reast / Neil Coleman
IR Focus
Neville Harris, Investor
Relations +44 (0) 79 0997 6044
Notes to Editors
Tarsus Group plc. (LSE:TRS) is an international
business-to-business media group with interests in exhibitions,
publishing and online media. The Group operates globally in the US
and Americas, China, Southeast Asia, the Middle East and North
Africa, Turkey and Europe, in key verticals including aviation,
medical, labels and packaging, discount clothing (Off-Price),
travel, housewares and automotive.
Tarsus runs more than 100 events and websites and its flagship
brands include the Labelexpo Global Series in Europe, the Americas
and Asia and the Dubai Airshow.
The Group operates across a worldwide network of offices in
Dublin, London, Jakarta, Milwaukee, Atlanta, Boca Raton (Florida),
Dubai, Shanghai and Istanbul.
For more information visit www.tarsus.com.
This announcement has been issued by, and is the sole
responsibility of, the Company. This announcement is for
information only and does not constitute an offer or invitation to
underwrite, subscribe for or otherwise acquire or dispose of any
securities or investment advice in any jurisdiction in which such
an offer or solicitation is unlawful, including, without
limitation, the United States, Australia, Canada, The Republic of
South Africa or Japan. Any failure to comply with these
restrictions may constitute a violation of the securities laws of
such jurisdictions. No prospectus will be made available in
connection with the matters contained in this announcement and no
such prospectus is required (in accordance with Directive
2003/71/EC as amended (including any relevant implementing
directive measure in any member state) - the "Prospectus
Directive") to be published. Persons needing advice should consult
an independent financial adviser.
This announcement and the information contained herein is not an
offer of securities for sale in the United States. The securities
discussed herein have not been and will not be registered under the
US Securities Act of 1933, as amended (the "US Securities Act") and
may not be offered or sold in the United States absent registration
or an exemption from registration under the US Securities Act. No
public offering of the securities discussed herein is being made in
the United States and the information contained herein does not
constitute an offering of securities for sale in the United States,
Canada, Australia, Japan, The Republic of South Africa or any
jurisdiction in which the same would be unlawful. No money,
securities or other consideration is being solicited and, if sent
in response to the information herein, will not be accepted. There
will be no public offer of Placing Shares in the United States, the
United Kingdom or elsewhere.
The distribution of this announcement and the Placing of the
Placing Shares as set out in this announcement in certain
jurisdictions may be restricted by law. No action has been taken
that would permit an offering of such shares or possession or
distribution of this announcement or any other offering or
publicity material relating to such shares 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, such restrictions. Any failure to
comply with these restrictions may constitute a violation of the
securities laws of any such jurisdiction.
This announcement is directed only at: (a) persons in member
states of the European Economic Area who are qualified investors as
defined in section 86(7) of the Financial Services and Markets Act
2000, as amended ("Qualified Investors"), being persons falling
within the meaning of article 2(1)(e) of the Prospectus Directive;
and (b) in the United Kingdom, Qualified Investors who are persons
who (i) have professional experience in matters relating to
investments falling within article 19(5) ('Investment
professionals') of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 (the "Order"); (ii) are persons
falling within article 49(2)(a) to (d) ('High net worth companies,
unincorporated associations, etc') of the Order; or (iii) are
persons to whom it may otherwise be lawfully communicated (all such
persons in (a) and (b) together being referred to as "Relevant
Persons"). This announcement and the information in it must not be
acted on or relied on by persons who are not relevant persons. Any
investment or investment activity to which this announcement and
the information in it relates is available only to Relevant Persons
and will be engaged in only with Relevant Persons. This
announcement does not itself constitute an offer for sale or
subscription of any securities in the Company.
Investec, which is authorised by the Prudential Regulation
Authority and regulated in the United Kingdom by the Financial
Conduct Authority and the Prudential Regulation Authority, is
acting for the Company in connection with the Placing and no-one
else and it will not be responsible to anyone other than the
Company for providing the protections afforded to its clients, nor
for providing advice in relation to the Placing. 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 Investec or by any of its affiliates or agents as to or
in relation to, the accuracy, completeness or sufficiency of this
announcement or any other written or oral information made
available to or publicly available to any interested party or its
advisers in connection with the Company, the Placing Shares or the
Placing and any liability therefore is expressly disclaimed.
Any indication in this announcement of the price at which
Placing Shares have been bought or sold in the past cannot be
relied upon as a guide to future performance. No statement in this
announcement is intended to be a profit forecast and no statement
in this announcement should be interpreted to mean that earnings
per share of the Company for the current or future financial years
would necessarily match or exceed the historical published earnings
per share of the Company. The price of Placing 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 Placing
Shares.
Neither the content of the Company's website (or any other
website) nor the content of any website accessible from hyperlinks
on the Company's website (or any other website) is incorporated
into, or forms part of, this announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
December 05, 2016 07:30 ET (12:30 GMT)
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