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RAT Rathbones Group Plc

1,522.00
-2.00 (-0.13%)
Last Updated: 09:26:02
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Rathbones Group Plc LSE:RAT London Ordinary Share GB0002148343 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.00 -0.13% 1,522.00 1,520.00 1,528.00 1,536.00 1,500.00 1,500.00 1,051 09:26:02
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Commercial Banks, Nec 571.1M 37.5M 0.5912 25.74 965.46M

Rathbone Brothers Rathbone Brothers Plc : Result Of Equity Issue

20/10/2016 12:26pm

UK Regulatory


 
TIDMRAT 
 
 
   THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND 
IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, 
DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, 
CANADA, JAPAN, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER 
JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE 
UNLAWFUL. 
 
   For immediate release 
 
   20 October 2016 
 
   Rathbone Brothers Plc ("Rathbones", the "Company", or the "Group") 
 
   Placing of 4.6% of existing issued ordinary share capital 
 
   Further to the announcement this morning in relation to the proposed 
placing of ordinary shares, the Company announces that it has 
successfully placed 2,224,210 ordinary shares (the "Placing Shares") 
with institutional investors ("Placees") at a price of 1,710p per share 
via an accelerated bookbuild (the "Placing"). Canaccord Genuity Limited 
("Canaccord Genuity") and Peel Hunt LLP ("Peel Hunt", and together with 
Canaccord Genuity, the "Bookrunners") acted as joint bookrunners in 
connection with the Placing which has raised gross proceeds of 
approximately GBP38.0 million. 
 
   Application will be made for the admission of 2,224,210 ordinary shares 
to the premium segment of the Official List of the Financial Conduct 
Authority and to the London Stock Exchange for admission to trading of 
the ordinary shares on its main market for listed securities. It is 
expected that admission will become effective at 8.00 a.m. on 25 October 
2016 and that dealings in the Placing Shares will commence at that time. 
The shares shall rank pari passu with the existing issued ordinary 
shares of the Company. 
 
   Enquiries: 
 
 
 
 
Rathbone Brothers Plc 
Tel: +44 (0) 20 7399 0000 
 email: shelly.chadda@rathbones.com 
 Philip Howell, Chief Executive 
 Paul Stockton, Finance Director 
 Shelly Chadda, Investor Relations Manager 
Canaccord Genuity Limited 
Charles Williams 
 Andrew Buchanan 
 Kit Stephenson 
 Tel: +44 (0) 20 7523 8000 
Peel Hunt LLP 
Adrian Haxby 
 Guy Wiehahn 
 Jock Maxwell-Macdonald 
 Tel: + 44 (0) 20 7418 8900 
Camarco 
Ed Gascoigne-Pees 
 Tel: +44 (0) 20 3757 4984 
 email: ed.gascoigne-pees@camarco.co.uk 
 
 
   This Announcement should be read in its entirety.  In particular, you 
should read and understand the information provided in the "Important 
Notices" section of this Announcement. 
 
   IMPORTANT NOTICES 
 
   THE PLACING SHARES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE 
UNITED STATES SECURITIES ACT OF 1933, AS AMED (THE "SECURITIES ACT") 
OR WITH ANY SECURITIES REGULATORY AUTHORITY OF ANY STATE OR JURISDICTION 
OF THE UNITED STATES, AND MAY NOT BE OFFERED, SOLD OR TRANSFERRED, 
DIRECTLY OR INDIRECTLY, IN 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 ANY APPLICABLE 
SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION OF THE UNITED STATES. 
THE PLACING SHARES ARE BEING OFFERED AND SOLD ONLY (1) OUTSIDE OF THE 
UNITED STATES IN "OFFSHORE TRANSACTIONS" WITHIN THE MEANING OF, AND IN 
ACCORDANCE WITH, REGULATION S UNDER THE SECURITIES ACT, AND (2) IN THE 
UNITED STATES TO A LIMITED NUMBER OF PERSONS REASONABLY BELIEVED TO BE 
BOTH INSTITUTIONAL ACCREDITED INVESTORS WITHIN THE MEANING OF RULE 
501(A)(1), (2), (3) OR (7) UNDER THE SECURITIES ACT AND QUALIFIED 
INSTITUTIONAL BUYERS WITHIN THE MEANING OF RULE 144A UNDER THE 
SECURITIES ACT PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT 
SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, AND 
OTHERWISE IN ACCORDANCE WITH APPLICABLE LAWS.  NO PUBLIC OFFERING OF THE 
PLACING SHARES IS BEING MADE IN THE UNITED STATES OR ELSEWHERE. 
 
   THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND 
IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, 
DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, 
CANADA, JAPAN, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER 
JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE 
UNLAWFUL. 
 
   The distribution of this Announcement and/or the Placing and/or issue of 
the Placing Shares in certain jurisdictions may be restricted by law. 
No action has been taken by the Company, the Bookrunners or any of their 
respective affiliates, agents, directors, officers or employees that 
would permit an offer of the Placing Shares or possession or 
distribution of this Announcement or any other offering or publicity 
material relating to such Placing Shares in any jurisdiction where 
action for that purpose is required.  Persons into whose possession this 
Announcement comes are required by the Company and the Bookrunners to 
inform themselves about and to observe any such restrictions. 
 
   This Announcement or any part of it 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 
(including its territories and possessions, any state of the United 
States and the District of Columbia (the "United States" or the "US")), 
Australia, Canada, Japan, New Zealand or the Republic of South Africa or 
any other jurisdiction in which the same would be unlawful.  No public 
offering of the Placing Shares is being made in any such jurisdiction. 
 
   All offers of the Placing Shares have been made pursuant to an exemption 
under the Prospectus Directive from the requirement to produce a 
prospectus. 
 
   The Placing Shares have not been approved or disapproved by the US 
Securities and Exchange Commission, any state securities commission or 
other regulatory authority in the United States, nor have any of the 
foregoing authorities passed upon or endorsed the merits of the Placing 
or the accuracy or adequacy of this Announcement.  Any representation to 
the contrary is a criminal offence in the United States.  The relevant 
clearances have not been, nor will they be, obtained from the securities 
commission of any province or territory of Canada, no prospectus has 
been lodged with, or registered by, the Australian Securities and 
Investments Commission or the Japanese Ministry of Finance; the relevant 
clearances have not been, and will not be, obtained for the South Africa 
Reserve Bank or any other applicable body in the Republic of South 
Africa in relation to the Placing Shares and the Placing Shares have not 
been, nor will they be, registered under or offered in compliance with 
the securities laws of any state, province or territory of Australia, 
Canada, Japan or the Republic of South Africa.  Accordingly, the Placing 
Shares may not (unless an exemption under the relevant securities laws 
is applicable) be offered, sold, resold or delivered, directly or 
indirectly, in or into Australia, Canada, Japan, New Zealand or the 
Republic of South Africa or any other jurisdiction outside the United 
Kingdom. 
 
   Persons (including, without limitation, nominees and trustees) who have 
a contractual right or other legal obligations to forward a copy of this 
Announcement should seek appropriate advice before taking any action. 
 
   This Announcement may contain and the Company may make verbal statements 
containing "forward-looking statements" with respect to certain of the 
Company's plans and its current expectations relating to its future 
financial condition, performance, strategic initiatives, objectives and 
results.  Forward-looking statements sometimes use words such as "aim", 
"anticipate", "target", "expect", "estimate", "intend", "plan", "goal", 
"believe", "seek", "may", "could", "outlook" or other words of similar 
meaning.  By their nature, all forward-looking statements involve risk 
and uncertainty because they relate to future events and circumstances 
which are beyond the control of the Company, including amongst other 
things, United Kingdom domestic and global economic business conditions, 
market-related risks such as fluctuations in interest rates and exchange 
rates, the policies and actions of governmental and regulatory 
authorities, the effect of competition, inflation, deflation, the timing 
effect and other uncertainties of future acquisitions or combinations 
within relevant industries, the effect of tax and other legislation and 
other regulations in the jurisdictions in which the Company and its 
respective affiliates operate, the effect of volatility in the equity, 
capital and credit markets on the Company's profitability and ability to 
access capital and credit, a decline in the Company's credit ratings; 
the effect of operational risks; and the loss of key personnel.  As a 
result, the actual future financial condition, performance and results 
of the Company may differ materially from the plans and expectations set 
forth in any forward-looking statements.  Any forward-looking statements 
made in this Announcement by or on behalf of the Company speak only as 
of the date they are made.  Except as required by applicable law or 
regulation, the Company, Peel Hunt and Canaccord Genuity expressly 
disclaim any obligation to update this Announcement to reflect any 
changes in the Company's expectations with regard thereto or any changes 
in events, conditions or circumstances on which any such statement is 
based. 
 
   Canaccord Genuity is authorised and regulated by the Financial Conduct 
Authority (the "FCA") in the United Kingdom and is acting exclusively 
for the Company and no one else in connection with the Placing, and 
Canaccord Genuity will not be responsible to anyone (including any 
Placees) other than the Company for providing the protections afforded 
to its clients or for providing advice in relation to the Placing or any 
other matters referred to in this Announcement. 
 
   Peel Hunt is authorised and regulated by the FCA in the United Kingdom 
and is acting exclusively for the Company and no one else in connection 
with the Placing, and Peel Hunt will not be responsible to anyone 
(including any Placees) other than the Company for providing the 
protections afforded to its clients or for providing advice in relation 
to the Placing or any other matters referred to in this Announcement. 
 
   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 the Bookrunners or by any of their 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 
therefor is expressly disclaimed. 
 
   No statement in this Announcement is intended to be a profit forecast or 
estimate, 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 shares and any income expected from them may go down as 
well as up and investors may not get back the full amount invested upon 
disposal of the shares.  Past performance is no guide to future 
performance, and persons needing advice should consult an independent 
financial adviser. 
 
   The Placing Shares to be issued or sold pursuant to the Placing will not 
be admitted to trading on any stock exchange other than the London Stock 
Exchange. 
 
   Neither the content of the Company's website nor any website accessible 
by hyperlinks on the Company's website is incorporated in, or forms part 
of, this Announcement. 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Rathbone Brothers Plc via Globenewswire 
 
 
  http://www.rathbones.com/ 
 

(END) Dow Jones Newswires

October 20, 2016 07:26 ET (11:26 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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