GCP Infrastructure Investments Ltd Placing under Placing Programme (0398L)

TIDMGCP

RNS Number : 0398L

GCP Infrastructure Investments Ltd

14 July 2017

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, TO U.S. PERSONS OR INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA, SOUTH AFRICA OR JAPAN

This announcement is an advertisement and not a prospectus. Any decision to invest in any securities referred to in this announcement must be made exclusively on the basis of the prospectus published by the Company on 28 March 2017 in connection with a placing programme (the "Placing Programme") for ordinary shares of GBP0.01 each ("Ordinary Shares"), to be admitted to the Premium Listing segment of the Official List of the UK Listing Authority and to trading on the Main Market for listed securities of the London Stock Exchange (the "Prospectus"). A copy of the Prospectus is available for inspection at www.morningstar.co.uk/uk/NSM. This announcement does not constitute a recommendation regarding any securities.

GCP Infrastructure Investments Limited

("GCP Infrastructure" or "the Company")

LEI: 213800W64MNATSIV5Z47

Placing under Placing Programme

On 10 July 2017 GCP Infrastructure, the only UK listed fund focused primarily on investments in UK infrastructure debt, announced details of a placing targeting gross proceeds of c.GBP50 million under its Placing Programme, at a Placing Price of 124.0 pence per new Ordinary Share.

The Board is pleased to announce today that the Placing has been significantly oversubscribed. Accordingly, and in light of the investment opportunities available to the Company in the near term and demand from investors for its shares, the Board has exercised its discretion to increase the size of the Placing to GBP70 million through the issue of 56,451,613 new Ordinary Shares, subject to Admission.

Applications will be made in respect of the 56,451,613 new Ordinary Shares issued pursuant to the Placing to be admitted to the premium segment of the Official List and to trading on the London Stock Exchange's Main Market for listed securities ("Admission"). It is expected that Admission will become effective and dealings in the new Ordinary Shares will commence on 18 July 2017. When issued, the new Ordinary Shares will rank pari passu with the existing Ordinary Shares.

Following Admission, the Company's issued share capital will consist of 790,676,278 Ordinary Shares of GBP0.01 each. With effect from 18 July 2017, the total number of issued shares with voting rights will be 790,676,278.

The above figure of 790,676,278 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

This announcement contains inside information.

 
Unless otherwise defined herein, terms used in this announcement shall have the same meanings 
 as those defined in the Prospectus dated 28 March 2017.Contact details: 
 Gravis Capital Management Ltd 
  Stephen Ellis 
  Rollo Wright 
  Dion Di Miceli                  [phone] 
 Stifel Nicolaus Europe Limited 
  Neil Winward 
  Mark Bloomfield 
  Tunga Chigovanyika               [phone] 
 Buchanan 
  Charles Ryland 
  Victoria Hayns                   [phone] 
 
 Important Information 
 Members of the public are not eligible to take part in the Placing. This announcement and 
 the terms and conditions referred to herein are directed in the United Kingdom only at persons 
 selected by Stifel Nicolaus Europe Limited who are "investment professionals" falling within 
 Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 
 (the "FPO") or "high net worth companies, unincorporated associations etc" falling within 
 Article 49(2) of the FPO, or persons to whom it may otherwise be lawfully communicated (all 
 such persons together being referred to as "Relevant Persons"). This announcement and the 
 terms and conditions referred to herein must not be acted on or relied on in the United Kingdom 
 by persons who are not Relevant Persons. Any investment or investment activity to which this 
 announcement relates is available only to, and will be engaged in only with, persons in the 
 United Kingdom who are Relevant Persons. 
 The new Ordinary Shares that are the subject of the Placing are not being offered or sold 
 to any person in the European Union, other than to "qualified investors" as defined in Article 
 2.1(e) of Directive 2003/71/EC, which includes legal entities which are regulated by the Financial 
 Conduct Authority or entities which are not so regulated whose corporate purpose is solely 
 to invest in securities. 
 This announcement is not for distribution, directly or indirectly, in or into the United States 
 of America (including its territories and possessions, any state of the United States of America 
 and the District of Columbia) (the "United States"), Australia, Canada, Japan or South Africa 
 or into any other jurisdiction where applicable laws prohibit its release, distribution or 
 publication. This announcement does not constitute, or form part of, an offer to sell, or 
 a solicitation of an offer to purchase, any securities in the United States, Australia, Canada, 
 Japan or South Africa or in any other jurisdiction where such offer or sale would be unlawful. 
 The securities of the Company have not been and will not be registered under the U.S. Securities 
 Act of 1933, as amended (the "Securities Act") or the US Investment Company Act of 1940, as 
 amended and may not be offered or sold directly or indirectly in or into the United States 
 or to or for the account or benefit of any US Person (within the meaning of Regulation S under 
 the Securities Act). The securities referred to herein have not been registered under the 
 applicable securities laws of Australia, Canada, Japan or South Africa and, subject to certain 
 exceptions, may not be offered or sold within Australia, Canada, Japan or South Africa or 
 to any national, resident or citizen of Australia, Canada, Japan or South Africa. 
 This announcement has been issued by and is the sole responsibility of the Company. 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, Stifel Nicolaus Europe Limited 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 their advisers and any liability therefore is expressly disclaimed. 
 Stifel Nicolaus Europe Limited, which is authorised and regulated in the United Kingdom by 
 the Financial Conduct Authority, is acting as sole broker and bookrunner to the Company and 
 is acting for no-one else in connection with the Placing and the contents of this announcement 
 and will not be responsible to anyone other than the Company for providing the protections 
 afforded to clients of Stifel Nicolaus Europe Limited nor for providing advice in connection 
 with the Placing and the contents of this announcement or any other matter referred to herein. 
 Notes to Editors 
 The Company 
 The Company is a closed-ended London Stock Exchange-listed investment company that seeks to 
 generate returns from senior and subordinated infrastructure debt and related and/or similar 
 assets. The Company is advised by Gravis Capital Management Ltd. 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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July 14, 2017 02:00 ET (06:00 GMT)