TIDMCAML
RNS Number : 3711E
Peel Hunt LLP
08 February 2018
NOT FOR DISTRIBUTION IN THE UNITED STATES (INCLUDING ITS
TERRITORIES AND POSSESSIONS), CANADA, JAPAN, AUSTRALIA OR THE
REPUBLIC OF SOUTH AFRICA. THE INFORMATION CONTAINED HEREIN IS NOT
FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY,
IN OR INTO THE UNITED STATES, CANADA, JAPAN, AUSTRALIA OR THE
REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE
DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.
THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR THE
SOLICITATION OF AN OFFER TO BUY IN ANY JURISDICTION, NOR SHALL
THERE BE ANY SALE OF THE SECURITIES REFERRED TO HEREIN, IN OR INTO
ANY JURISDICTION WHERE SUCH OFFER, SOLICITATION OR SALE WOULD BE
UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE
SECURITIES LAWS OF ANY SUCH JURISDICTION.
PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS
ANNOUNCEMENT.
8 February 2018
Proposed underwritten placing of 10,605,876 ordinary shares in
Central Asia Metals PLC ("CAML" or the "Company")
CBH Europe Limited, on behalf of Kenges Rakishev, a
Non-Executive Director of CAML (the "Seller"), announces that it
intends to sell 10,605,876 ordinary shares of US$0.01 each in the
Company ("Ordinary Shares") (the "Placing Shares"). The Placing
Shares represent approximately 6.0% of the Company's issued share
capital and 100% of the Seller's current holding in the
Company.
The Placing Shares are being offered by way of an accelerated
bookbuild (the "Placing"), which will be launched immediately
following this announcement. Peel Hunt LLP will be acting as sole
bookrunner in connection with the Placing (the "Bookrunner"). The
Placing is being underwritten by Peel Hunt.
The final number of Placing Shares to be placed and the placing
price will be agreed by the Bookrunner and the Seller at the close
of the bookbuild process, and the results of the Placing will be
announced as soon as practicable thereafter. The timings for the
close of the bookbuild process, pricing and allocations are at the
absolute discretion of the Bookrunner.
The proceeds of the Placing are payable in cash and will be
settled on a T+5 basis (unless otherwise agreed), and closing of
the bookbuild is expected to occur on or about 9 February 2018.
CAML will not receive any proceeds from the Placing.
Market Abuse Regulation
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulation. Upon the publication of this announcement via a
regulatory information service, this inside information is now
considered to be in the public domain.
For further information contact:
Peel Hunt LLP (Sole Bookrunner) Tel: +44 (0) 20 7418 8900
Alastair Rae
Rory James-Duff
Sohail Akbar
Ross Allister
Richard Crichton
Note to editors:
Central Asia Metals, an AIM-listed UK company based in London,
owns 100% of the Kounrad SX-EW copper project in central Kazakhstan
and 100% of the Sasa zinc-lead mine in Macedonia. The Company also
owns 80% of the Shuak copper exploration property in northern
Kazakhstan. For further information, please visit
www.centralasiametals.com.
DISCLAIMER
Members of the general public are not eligible to take part in
the Placing.
This announcement and the information contained herein may not
be published, distributed or transmitted, directly or indirectly,
in the United States (including its territories and possessions),
Canada, Australia, Japan or the Republic of South Africa or any
other jurisdiction where such an announcement would be unlawful.
The distribution of this announcement may be restricted by law in
certain jurisdictions and persons into whose possession this
document or other information referred to herein should inform
themselves about and observe any such restriction. Any failure to
comply with these restrictions may constitute a violation of the
securities laws of any such jurisdiction.
This announcement and the information contained herein are for
information purposes only and do not constitute or form part of any
offer of securities for sale or a solicitation of an offer to
purchase securities in the United States, Australia, Canada, Japan,
the Republic of South Africa or any other jurisdiction.
The Placing Shares have not been, and will not be, registered
under the US Securities Act of 1933, as amended (the "US Securities
Act"), or under the applicable securities laws of any state or
other jurisdiction of the United States, Canada, Australia, the
Republic of South Africa or Japan or of any other jurisdiction. The
Placing Shares may not be offered or sold in the United States
unless registered under the US Securities Act or offered in a
transaction exempt from, or not subject to, the registration
requirements of the US Securities Act and the securities laws of
any relevant state or other jurisdiction of the United States.
There will be no public offering of the Placing Shares in the
United States or elsewhere.
In the United Kingdom, this announcement is only directed at
persons who are qualified investors (as defined below) and (i) are
investment professionals falling within Article 19(5) of the
Financial Services and Markets Act 2000 (Financial Promotion) Order
2005 (as amended) (the "Order") or (ii) are persons falling within
Article 49(2)(a) to (d) of the Order (high net worth companies,
unincorporated associations, etc.) (all such persons together being
referred to as "Relevant Persons"). This announcement is directed
only at Relevant Persons and must not be acted on or relied on by
persons who are not Relevant Persons. Any investment or investment
activity to which this announcement relates is available only to
Relevant Persons and will be engaged in only with Relevant
Persons.
In member states of the European Economic Area (EEA) which have
implemented the Prospectus Directive (each, a "Relevant Member
State"), this announcement and any offer if made subsequently is
directed exclusively at persons who are "qualified investors"
within the meaning of the Prospectus Directive. For these purposes,
the expression "Prospectus Directive" means Directive 2003/71/EC
(and amendments thereto, including the 2010 PD Amending Directive,
to the extent implemented in a Relevant Member State), and includes
any relevant implementing measure in the Relevant Member State and
the expression "2010 PD Amending Directive" means Directive
2010/73/EU.
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 that would permit an offering of
securities or possession or distribution of this announcement in
any jurisdiction where action for that purpose is required. Persons
into whose possession this announcement comes are required to
inform themselves about and to observe any such restrictions. No
prospectus or offering document has been or will be prepared in
connection with the Placing. Any investment decision to buy
securities in the Placing must be made solely on the basis of
publicly available information. Such information is not the
responsibility of and has not been independently verified by CBH
Europe Limited or Peel Hunt LLP or any of their respective
affiliates.
Peel Hunt LLP is authorised and regulated by the Financial
Conduct Authority in the United Kingdom. The Bookrunner is acting
only for the Seller in connection with the Placing and will not be
responsible to anyone other than the Seller for providing the
protections offered to their respective clients nor for providing
advice in relation to the Placing or any matters referred to in
this announcement.
In connection with any offering of the Placing Shares, Peel Hunt
LLP and/or any of its affiliates may take up a portion of the
securities in the offering as a principal position and in that
capacity may retain, purchase or sell for their own account such
securities. Peel Hunt LLP does not intend to disclose the extent of
any such investment or transactions otherwise than in accordance
with any legal or regulatory obligation to do so.
This information is provided by RNS
The company news service from the London Stock Exchange
END
IOEFKFDNABKDDBK
(END) Dow Jones Newswires
February 08, 2018 11:37 ET (16:37 GMT)
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