Result of Secondary Placing
Published: 08/02/2006, 16:01
Warner Estate Holdings PLC 08 February 2006 RNS Number: 8th February 2006 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION INTO OR IN THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN RESULTS OF SECONDARY PLACING OF ORDINARY SHARES IN WARNER ESTATE HOLDINGS PLC ("WARNER ESTATE") JPMorgan Cazenove Limited ("JPMorgan Cazenove") and HSBC Bank ("HSBC") (together the "Managers") have successfully completed a secondary placing of 7,356,223 ordinary shares in Warner Estate representing 14 per cent. of the issued share capital of Warner Estate, at a price of 665p per share (the "Placing Shares"). The seller of the Placing Shares was Trefick Limited (the "Seller") who has confirmed that it has no intention of reducing its shareholding for a period of at least six months. Dated 8th February 2006 Enquiries: HSBC Heraclis Economides/James Taylor Tel: +44 20 7991 8888 JPMorgan Cazenove Richard Cotton/Greg Chamberlain Tel: +44 20 7588 2828 This announcement has been issued by the Managers and is the sole responsibility of the Managers. This announcement is for information purposes only and does not constitute an offer or an invitation to acquire or dispose of any securities of Warner Estate Holdings plc in the United States, Canada, Australia or Japan or in any other jurisdiction in which such an offer of solicitation is unlawful. The Placing Shares have not been, and will not be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from registration. There will be no public offering of securities in the United States. Any investment decision to buy securities in the placing must be made solely on the basis of publicly available information which has not been independently verified by the Managers or the Seller. Neither this announcement nor any copy of it may be taken, transmitted or distributed, directly or indirectly in or into the United States, Canada, Australia or Japan. Any failure to comply with this restriction may constitute a violation of United States, Canadian, Australian or Japanese securities laws. The distribution of this announcement and the offering or sale of the Placing Shares in certain jurisdictions may be restricted by law. No action has been taken by the Managers, or any of their respective affiliates, or any other person 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 the Placing Shares in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes are required by the Managers to inform themselves about and to observe any such restrictions. The managers are acting for the Seller only in connection with the Placing, and no one else, and will not be responsible to anyone other than the Seller for providing the protections offered to clients of the Managers nor for providing advice in relation to the Placing. This information is provided by RNS The company news service from the London Stock Exchange