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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Vallares | VLRS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 995.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 995.00 |
| Top Posts |
|---|
Posted at 08/9/2011 13:58 by stuart14 Won't be like an Inv Trust. VLRS will cease to exist. Our shares will convert into Genel shares and we'll have a cheap entry into the Co from there. VLRS was just a shell. |
Posted at 17/6/2011 09:26 by stuart14 Results of Placing Vallares is pleased to announce the results of its successful placing of Ordinary Shares (the "Placing"). Following a book-building process, Vallares has placed 133 million Ordinary Shares at a placing price of GBP10 per Ordinary Share, raising gross proceeds of GBP1.35 billion(1) (inclusive of GBP100 million Repurchase Option for stabilising activity) to enable the Company to pursue its objective of acquiring or establishing a major company, business or asset that has significant operations in the resources sector. Commenting on today's announcement, Rodney Chase, Chairman of Vallares, said: "We are delighted to have received such a positive response from global investors, and I am pleased that we are now able to pursue our acquisition strategy. With the experience and skills of our Founders, led by Tony Hayward and Nat Rothschild, I am confident that we will identify and execute the right acquisition for Vallares, generating significant shareholder value and providing a platform for the future growth of the business." Tony Hayward said: "It is heartening to receive the backing of so many investors and to reach the fund raising target so quickly. This demonstrates the confidence investors have in the strong fundamentals of the resources sector and our focus will now turn to searching for suitable acquisition opportunities." Nathaniel Rothschild said: "The response from a range of high quality institutional and long term investors has surpassed our expectations and is a major vote of confidence both in the quality of the Vallares team and in the structure of the vehicle. The investment proposition which matches investors with assets in the resources sector seeking access to capital and expertise has proved an attractive one." Conditional dealings are expected to commence at 8.00 a.m. today under the ticker symbol "VLRS". It is expected that Admission will become effective and unconditional dealings in the Ordinary Shares on the London Stock Exchange's main market for listed securities will commence at 8.00 a.m. on 22 June 2011. Credit Suisse is acting as Global Co-ordinator and Joint Bookrunner, J.P. Morgan Cazenove is acting as Joint Bookrunner and Evolution Securities is acting as Co-lead Manager in respect of the Placing. |
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