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LIBERTY INTERNATIONAL PLC - PLACING RESULTS
Liberty International PLC
(Registration number UK3685527)
ISIN Code: GB0006834344
JSE Code: LBT
Issuer Code: LILI I
06 November 2002
Not for release, publication or distribution in, or into, the United States,
Australia, Canada or Japan
Results of placing (the "Placing") of new ordinary shares of Liberty
International PLC (`Liberty International`)
Further to the announcement earlier this morning, Liberty International PLC ("
Liberty International") and Morgan Stanley Securities Limited ("Morgan Stanley")
are pleased to announce that 28.4 million new ordinary shares of Liberty
International have been placed at 560p per share, raising gross proceeds of
approximately GBP159 million. These new ordinary shares represent approximately
9.9 per cent of Liberty International`s issued share capital prior to the
Placing. The order book for the Placing has now been closed and the offer will
not be extended.
On completion of the Placing, the new ordinary shares will be credited as fully
paid and will rank pari passu in all respects with the existing ordinary shares
of Liberty International.
Application will be made for the new ordinary shares to be admitted to the
Official List of the UK Listing Authority and to be admitted to trading on the
London Stock Exchange`s market for listed securities. Application will also be
made to the JSE Securities Exchange South Africa for the new ordinary shares to
be admitted to the JSE Securities Exchange South Africa. Subject to completion
of the conditions of the Placing Agreement between Liberty International and
Morgan Stanley, it is expected that admission to the Official List will become
effective and dealings will commence on 13 November 2002.
Contacts:
Liberty International PLC +44 20 7960 1200
Donald Gordon, Chairman +44 20 7960 1201
David Fischel, Chief Executive +44 20 7960 1207
Morgan Stanley +44 20 7425 8000
Jonathan Lane +44 20 7425 4303
John Hyman +44 20 7425 6115
Public Relations (UK) - Hudson Sandler +44 20 7796 4133
Michael Sandler
Public Relations (South Africa) - College Hill Associates
Matthew Gregorowski (London) +44 20 7457 2020
Nick Williams (South Africa) +27(0) 8360 70761
Morgan Stanley is acting exclusively for Liberty International and no-one else
in relation to the Placing and will not be responsible to anyone other than
Liberty International for providing the protections afforded to clients of
Morgan Stanley or for providing advice in relation to the Placing or in relation
to the contents of this announcement or any other transaction, arrangement or
matter referred to herein.
The new ordinary shares have not been, nor will they be, registered under the US
Securities Act of 1933, as amended, or with any securities regulatory authority
of any state or other jurisdiction of the United States, and, accordingly may
not be offered or sold within the United States except pursuant to an exemption
from, or in a transaction not subject to, registration under the US Securities
Act of 1933, as amended. No regulatory authority has passed upon or endorsed
the merits of the offering of the new ordinary shares or any document in
relation thereto. Any representation to the contrary is a criminal offence in
the United States.
This announcement is for information purposes only and does not constitute an
offer or an invitation to underwrite, subscribe for or otherwise acquire or
dispose of any securities or investment advice. Past performance is no guide to
future performance and persons needing advice should consult an independent
financial adviser.
ends
Date: 06/11/2002 01:50:15 PM Produced by the JSE SENS Department
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