| Wed 23 Sep 2009, 14:40 | | LBT - Liberty International Plc - Result of the placing of 56.1 Million new |
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LBT
LILII
LBT - Liberty International Plc - Result of the placing of 56.1 Million new
ordinary shares raising gross proceeds of GBP280.5 Million
LIBERTY INTERNATIONAL PLC
(Registration number UK3685527)
ISIN Code: GB0006834344
JSE Code: LBT
Issuer Code: LILI I
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR
INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN
LIBERTY INTERNATIONAL PLC
RESULT OF THE PLACING OF 56.1 MILLION NEW ORDINARY SHARES RAISING GROSS
PROCEEDS OF GBP280.5 MILLION
Liberty International PLC ("Liberty International" or the "Company") announces
that it has raised GBP280.5 million before commissions and expenses from the
Placing completed today of 56,100,000 new ordinary shares at a price of 500
pence per share (the "Placing Price"). The Placing represents in aggregate 9.9
per cent of the issued share capital of Liberty International prior to the
Placing. Merrill Lynch International ("Merrill Lynch") acted as sole
bookrunner in relation to the Placing.
The Placing Shares will, when issued, be subject to the memorandum and articles
of association of the Company and be credited as fully paid and will rank pari
passu in all respects with the existing issued ordinary shares of 50 pence per
share in the capital of the Company, including the right to receive all
dividends and other distributions declared in respect of such ordinary shares
after the date of issue of the Placing Shares. The Placing Shares will not be
entitled to the interim dividend of 5.0 pence per share in respect of 2009. The
Placing Shares will be entitled to receive the anticipated final dividend
payment of 11.5 pence per share in respect of 2009 payable in 2010.
Application will be made to the FSA for admission of the Placing Shares to the
official list maintained by the FSA (the "Official List") and to the London
Stock Exchange for admission to trading of the Placing Shares on the London
Stock Exchange`s main market for listed securities (together "Admission").
Application will also be made to the JSE for the Placing Shares to be admitted
to the JSE at the same time as Admission occurs. It is expected that Admission
will take place at 8.00 a.m. on 5 October 2009 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 is conditional, inter alia, upon Admission becoming effective and
the Placing Agreement becoming unconditional and not having been terminated in
accordance with its terms. It is anticipated that the settlement date will be 5
October 2009.
Capitalised terms used but not defined in this announcement have the same
meanings as set out in the placing announcement of the Company released at
7.00 a.m. on the date hereof.
Enquiries:
Liberty International PLC
David Fischel Chief Executive +44 (0)20 7960 1207
Ian Durant Finance Director +44 (0)20 7960 1210
Kate Bowyer Investor Relations +44 (0)20 7960 1250
BofA Merrill Lynch +44 (0)20 7628 1000
Simon Mackenzie-Smith
Simon Fraser
Rupert Hume-Kendall
Public relations
UK:
Michael Sandler, Hudson Sandler +44 (0)20 7796 4133
SA:
Nicholas Williams
College Hill Associates +27 (0)11 447 3030
23 September 2009
Sponsor
Merrill Lynch South Africa (Pty) Limited
Certain statements made in this Announcement constitute forward-looking
statements. Forward looking statements are typically identified by the use
of forward looking terminology such as `believes`, `expects`, `may`, `will`,
`could`, `should`, `intends`, `estimates`, `plans`, `assumes` or `anticipates`
or the negative thereof or other variations thereon or comparable terminology,
or by discussions of, e.g. future plans, present or future events, or strategy
that involve risks and uncertainties. Such forward-looking statements are
subject to a number of risks and uncertainties, many of which are beyond the
Company`s control and all of which are based on the Company`s current beliefs
and expectations about future events. Such statements are based on current
expectations and, by their nature, are subject to a number of risks and
uncertainties that could cause actual results and performance to differ
materially from any expected future results or performance, expressed or
implied, by the forward-looking statement. No assurance can be given that such
future results will be achieved; actual events or results may differ materially
as a result of risks and uncertainties facing the Company and its subsidiaries.
Factors that might cause forward-looking statements to differ materially from
actual results include, among other things, the following: global economic
conditions; economic conditions in the UK and other jurisdictions in which
Liberty International operates or invests; volatile property prices; any
inability of the Company to hedge certain risks economically; and exposure to
various types of market risk (e.g. interest rate risk and foreign exchange rate
risk). The forward-looking statements contained in this Announcement speak only
as of the date of this Announcement and the Company undertakes no duty to, and
will not necessarily, update any of them in light of new information or future
events, except to the extent required by applicable law, the Prospectus Rules,
the Listing Rules and the Disclosure and Transparency Rules.
This Announcement is for information purposes only and shall not constitute an
offer to buy, sell, issue, or acquire, or the solicitation of an offer to buy,
sell, issue, or acquire any securities in any jurisdiction, nor shall there be
any sale of securities in any jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. In particular, this Announcement does
not constitute or form part of any offer to issue or sell, or the solicitation
of an offer to acquire, purchase or subscribe for, any securities in the United
States, Australia, Canada or Japan. This Announcement has been issued by and is
the sole responsibility of the Company and should not be relied upon in
connection with any decision to subscribe for or acquire any 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 Merrill Lynch 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.
Merrill Lynch, which is authorised and regulated in the United Kingdom by the
FSA, is acting for the Company and for no-one else in connection with the
Placing, and will not regard any other person (whether or not a recipient of
this Announcement) as a client in relation to the Placing and will not be
responsible to anyone other than the Company for providing the protections
afforded to clients of Merrill Lynch or for providing advice to any other
person in relation to the Placing or any other matter referred to herein.
The Placing Shares have not been and will not be registered under the US
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 transferred, directly or indirectly, in or into
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 the securities laws of any State or other jurisdiction of the
United States. There will be no public offering of securities in the United
States or elsewhere.
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.
Date: 23/09/2009 14:40:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
