Share Name Share Symbol Market Type Share ISIN Share Description
Rathbone Brothers 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
  -6.00p -0.23% 2,644.00p 2,636.00p 2,640.00p 2,698.00p 2,634.00p 2,698.00p 29,664 16:35:25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonequity Investment Instruments 0.0 58.9 92.7 28.5 1,424.77

Rathbone Brothers Rathbone Brothers Plc : Result Of Equity Issue

14/06/2018 12:37pm

UK Regulatory (RNS & others)


 
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, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH 
RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL 
 
   FOR IMMEDIATE RELEASE 
 
   THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION 
 
   14 June 2018 
 
   Rathbone Brothers plc 
 
   Result of Placing 
 
   Further to the announcement earlier today in relation to the proposed 
placing of ordinary shares, Rathbone Brothers Plc ("Rathbones" or the 
"Company") is pleased to announce that it has successfully placed 
2,400,000 ordinary shares (the "Placing Shares") with institutional 
investors ("Placees") at a price of 2,500p per share (the "Placing 
Price") via an accelerated bookbuild (the "Placing"). Peel Hunt LLP 
("Peel Hunt") and RBC Europe Limited ("RBC") acted as joint bookrunners 
in connection with the Placing. 
 
   The Placing has raised gross proceeds of GBP60 million (net proceeds 
approximately GBP58 million). The Placing Shares being issued represent, 
in aggregate, approximately 4.66 per cent of Rathbones issued ordinary 
share capital prior to the Placing. The Placing Price represents a 
discount of 0.08% to the closing price on 13 June 2018. The Placing 
Shares will, when issued, be credited as fully paid and rank pari passu 
with the existing ordinary shares in the capital of the Company 
including the right to receive all future dividends and distributions 
declared, made or paid after the date of issue of the Placing Shares. 
 
   Lindsell Train Ltd ("Lindsell Train") is a substantial shareholder of 
the Company for the purposes of, and is therefore considered to be a 
related party under, chapter 11 of the Listing Rules. Lindsell Train has 
committed to subscribe for 280,000 Placing Shares in the Placing. Under 
Listing Rule 11.1.10R, the participation in the Placing by Lindsell 
Train constitutes a smaller related party transaction and as such does 
not require the approval of independent ordinary shareholders of the 
Company. 
 
   Application has been made for the admission of the Placing 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 (together, 
"Admission"). It is expected that Admission will become effective at 
8.00 a.m. on 18 June 2018 and that dealings in the Placing Shares will 
commence at that time. 
 
   Following Admission, the total number of shares of the Company in issue 
will be 53,886,992 and the total number of voting shares in the Company 
will be 53,886,992. 
 
   This above figure 53,886,992 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. 
 
   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 07:00 AM on the date hereof. 
 
   The information contained in this announcement is inside information as 
stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon 
publication of this announcement, this inside information is now 
considered to be in the public domain. The person responsible for 
arranging this announcement on behalf of Rathbones is Ali Johnson, 
Company Secretary. 
 
 
 
   Enquiries: 
 
 
 
 
 
 
Rathbone Brothers Plc 
 Philip Howell, Chief Executive 
 Paul Stockton, Finance Director / Designate Managing 
 Director, RIM 
 Shelly Patel, Head of Investor Relations                    +44 (0) 20 7399 0000 
RBC Capital Markets (Financial Adviser and Joint Corporate 
 Broker to Rathbones) 
 Oliver Asplin Hearsey 
 Duncan Smith 
 Marcus Jackson 
 Elliot Thomas                                               +44 (0) 20 7653 4000 
Peel Hunt (Joint Corporate Broker to Rathbones) 
 Adrian Haxby 
 Roger Lambert 
 Guy Wiehahn 
 Al Rae                                                      +44 (0) 20 7418 8900 
Camarco (Communications Adviser to Rathbones) 
 Ed Gascoigne-Pees 
 Hazel Stevenson                                             +44 (0) 20 3757 4984 
 
 
 
 
   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 distribution of this Announcement and the offering, 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 Banks or any of 
their respective affiliates 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 Banks to inform themselves about and to observe any such 
restrictions. 
 
   This Announcement is for information purposes only and shall not 
constitute an offer to sell or issue or the solicitation of an offer to 
buy, subscribe for or otherwise acquire securities in any jurisdiction 
in which any such offer or solicitation would be unlawful. Any failure 
to comply with this restriction may constitute a violation of the 
securities laws of such jurisdictions. 
 
   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 "US"), 
Canada, Australia, South Africa, Japan 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. 
 
   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 or with any securities regulatory authority of any state 
or other jurisdiction of the United States, and accordingly the Placing 
Shares may not be offered, sold, pledged or transferred, directly or 
indirectly, in, into or within the United States except pursuant to an 
exemption from, or in a transaction not subject to, the registration 
requirements of the Securities Act and the securities laws of any 
relevant state or jurisdiction of the United States. There is no 
intention to register any portion of the offering in the United States 
or to conduct a public offering of securities in the United States. 
 
   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. 
 
   This announcement is not for publication or distribution, directly or 
indirectly, in or into the United States of America.  This announcement 
is not an offer of securities for sale into the United States.  The 
securities referred to herein have not been and will not be registered 
under the U.S. Securities Act of 1933, as amended, and may not be 
offered or sold in the United States, except pursuant to an applicable 
exemption from registration.  No public offering of securities is being 
made in the United States. 
 
   RBC Europe Limited which is authorised by the Prudential Regulation 
Authority and regulated in the United Kingdom by the Financial Conduct 
Authority (the "FCA") and the Prudential Regulation Authority, is acting 
for the Company in connection with the Placing and no-one else and will 
not be responsible to anyone other than the Company for providing the 
protections afforded to clients of RBC Europe Limited nor for providing 
advice in relation to the Placing or any other matter referred to in 
this Announcement. 
 
   Peel Hunt LLP, which is authorised and regulated in the United Kingdom 
by the FCA, is acting for the Company in connection with the Placing and 
no-one else and will not be responsible to anyone other than the Company 
for providing the protections afforded to clients of Peel Hunt LLP nor 
for providing advice in relation to the Placing or any other matter 
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 Joint Bookrunners or by any of their respective 
affiliates or their or their respective affiliates' agents, directors, 
officers and employees, respectively, 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. 
 
   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 
 
   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

June 14, 2018 07:37 ET (11:37 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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