TIDMLAD
RNS Number : 3406B
Ladbrokes plc
26 October 2009
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO
THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY
OTHER JURISDICTION IN WHICH THE PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE
UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT
THE END OF THE PRESS RELEASE.
26 October 2009
Press Release
RESULT OF RIGHTS ISSUE
Ladbrokes plc (the "Company") is pleased to announce that it has received valid
acceptances in respect of 286,403,105 New Ordinary Shares, representing
approximately 95 per cent. of the total number of New Ordinary Shares offered to
Shareholders, pursuant to the 1 for 2 Rights Issue announced by the Company on 8
October 2009.
In accordance with their underwriting obligations in respect of the Rights
Issue, UBS Limited and Deutsche Bank AG, London Branch, acting as joint
bookrunners, will use their reasonable endeavours to procure subscribers for the
balance of New Ordinary Shares for which valid acceptances were not received. A
further announcement as to the number of New Ordinary Shares for which
subscribers have been procured will be made in due course.
It is expected that the New Ordinary Shares in uncertificated form will be
credited to CREST accounts on or around 8.00 a.m. on 26 October 2009 and that
definitive share certificates in respect of New Ordinary Shares in certificated
form will be despatched to Shareholders by no later than 6 November 2009. It is
expected that the New Ordinary Shares will commence trading fully paid on the
London Stock Exchange plc's main market for listed securities on 26 October
2009.
Defined terms used in this announcement shall have the same meanings as in the
Prospectus relating to the Rights Issue dated 8 October 2009, unless the context
requires otherwise.
For further information, please contact
Ladbrokes plc Tel: +44 (0)20 7355 0340
Brian Wallace
Kate Postans
Ciaran O'Brian
UBS LimitedTel: +44 (0)20 7567 8000
Tim Waddell
Bill Hutchings
Deutsche Bank AG, London BranchTel: +44 (0)20 7545 8000
Charles Wilkinson
Edward Sankey
This announcement has been issued by and is the sole responsibility of
Ladbrokes plc.
This announcement is not a prospectus but an advertisement and investors should
not acquire any Nil Paid Rights, Fully Paid Rights or New Ordinary Shares
referred to in this announcement except on the basis of the information
contained in the Prospectus published by the Company on 8 October 2009 in
connection with the Rights Issue. Copies of the Prospectus are available on the
Company's website at http://investors.Ladbrokesplc.com/prospectus and can be
obtained on request from the offices of the Company's registrar, Computershare
Investor Services PLC, at Corporate Actions Projects, Bristol BS99 6AH during
normal business hours.
UBS Limited, Deutsche Bank AG, London Branch, Greenhill&Co. International LLP,
Barclays Bank PLC, Lloyds TSB Bank Plc and RBS Hoare Govett Limited are each
acting exclusively for the Company and for no-one else in connection with the
Rights Issue and will not regard any other person (whether or not a recipient of
this announcement) as a client in relation to the Rights Issue and will not be
responsible to any person other than the Company for providing the protections
afforded to their respective clients or for advising any such person on the
Rights Issue or any other matter referred to herein.
Deutsche Bank AG London Branch is authorised under German Banking Law (competent
authority: BaFin - Federal Financial Supervisory Authority) and authorised and
subject to limited regulation by the Financial Services Authority. Details about
the extent of Deutsche Bank AG, London Branch's authorisation and regulation by
the Financial Services Authority are available on request.
This announcement is for information purposes only and does not constitute or
form part of any offer or invitation to sell or issue, or any solicitation of
any offer to acquire, Nil Paid Rights, Fully Paid Rights or New Ordinary Shares
or to take up any entitlements to Nil Paid Rights in any jurisdiction in which
such an offer or solicitation is unlawful. Receipt of this announcement will not
constitute an offer in those jurisdictions in which it would be illegal to make
an offer, and in those circumstances the announcement should be treated as sent
for information only and should not be copied or redistributed.
The information contained in this announcement is not for publication,
distribution or release to persons in the United States, Australia, Canada,
Japan or the Republic of South Africa and should not be distributed, forwarded
to or transmitted in or into any jurisdiction where to do so might constitute a
violation of local securities laws or regulations including but not limited to
the United States, Australia, Canada, Japan or the Republic of South Africa.
This announcement does not constitute an offer for sale of securities of the
Company in the United States, Australia, Canada, Japan or the Republic of South
Africa. The Nil Paid Rights, Fully Paid Rights and the New Ordinary Shares have
not been and will not be registered under the Securities Act, the laws of any
state of the United States or the securities legislation of any province or
territory of Australia, Canada, Japan or the Republic of South Africa and may
not be offered, sold, taken up, exercised, resold, renounced, transferred or
delivered, directly or indirectly, in or into the United States except pursuant
to an applicable exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act and in compliance with any
applicable securities laws of any state or other jurisdiction of the United
States or into Australia, Canada, Japan or the Republic of South Africa except
in compliance with applicable law. There will be no public offer in the United
States, Australia, Canada, Japan or the Republic of South Africa. In addition,
until 40 days after the commencement of the Rights Issue, an offer, sale or
transfer of Nil Paid Rights, Fully Paid Rights or New Ordinary Shares within the
United States by a dealer (whether or not participating in the Rights Issue) may
violate the registration requirements of the Securities Act.
The contents of Ladbrokes' website or any website directly or indirectly linked
to Ladbrokes' website do not form part of this announcement and investors should
not rely on it.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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