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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Infotel | EU:INF | Euronext | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.10 | -0.25% | 40.50 | 40.40 | 40.50 | 40.50 | 40.30 | 40.40 | 802 | 08:26:20 |
RNS Number:5149P Informa Group PLC 08 September 2003 FOR IMMEDIATE RELEASE Not for release, publication or distribution, in whole or in part, in or into the US, Canada, Australia or Japan 8 September 2003 Informa Group plc ("Informa") Further to this morning's announcement regarding, inter alia, the placing of New Shares (the "Announcement"), the placing price and size of the issue have now been determined following the completion of the bookbuilding process. Defined terms in this announcement have, unless the context otherwise requires, the same meanings given to them in the Announcement. Informa confirms that 5,903,704 New Shares have been placed pursuant to the Cash Placing and 3,796,296 New Shares have been placed pursuant to the Vendor Placing. All the New Shares placed have been placed at 270 pence per New Share, raising approximately #26.2 million to fund the Acquisition, related fees and the integration plan. The New Shares being issued represent circa 7.56% per cent of Informa's issued share capital prior to the Placing. Application has been made to the UK Listing Authority and to the London Stock Exchange for the New Shares to be admitted to listing on the Official List and to trading on the London Stock Exchange's market for listed securities respectively (together "Admission"). It is expected that Admission will become effective and dealings will commence in the New Shares at 8.00 am on 11 September 2003. The Placing is conditional, inter alia, upon Admission becoming effective by 8.00 am on 11 September 2003 (or such later time and/or date as UBS may agree) and on no force majeure event or material adverse change having occurred before Admission. The Placing is also conditional on the completion of the Acquisition, which is expected to take place immediately prior to Admission. Informa is being advised by UBS Investment Bank in connection with the Placing. Contacts Peter Rigby Chairman David Gilbertson Chief Executive Jim Wilkinson Finance Director Informa Group 020 7017 4302 Catherine Lees/Zoe Sanders, Bell Pottinger Financial 020 7861 3877 This announcement does not constitute an offer of securities for sale in the United States. The Placing Shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. Any public offering of securities in the United States will be made by means of a prospectus that will contain detailed information about the Company and the management, as well as financial statements. Such prospectus may be obtained from the Company. UBS is acting for Informa in connection with the Placing and no one else and will not be responsible to anyone other than Informa for providing the protections offered to clients of UBS nor for providing advice in relation to the Placing. This information is provided by RNS The company news service from the London Stock Exchange END IOENKFKNPBKDFCK
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