UBS Limited Sale of ordinary shares in DFS Furniture plc (3170O)
November 04 2016 - 3:00AM
UK Regulatory
TIDMDFS
RNS Number : 3170O
UBS Limited
04 November 2016
Advent International
4 November 2016
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA,
AUSTRALIA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH
SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL
ADVENT INTERNATIONAL CORPORATION
Sale of ordinary shares in DFS Furniture plc
Advent International Corporation ("Advent") announces that funds
managed by it have sold 25.7 million ordinary shares (the "Placing
Shares") in DFS Furniture plc (the "Company") held through Advent
Diamond (Luxembourg) S.à r.l. (the "Seller"), at a price of GBP2.40
per ordinary share, raising gross proceeds of GBP61.7 million. The
sale was conducted by means of an accelerated bookbuild secondary
placing to institutional investors (the "Placing"). The shares sold
represent in aggregate approximately 12.1% of the issued share
capital of the Company.
Settlement of the Placing is expected to take place on 8
November 2016. Following settlement, the Seller will hold 25.7
million ordinary shares of the Company, representing approximately
12.1% of its issued share capital.
Jefferies International Limited and UBS Limited acted as
bookrunners and placing agents in relation to the Placing. Joh.
Berenberg, Gossler & Co. KG acted as lead manager.
Dated: 4 November 2016
Enquiries:
FTI Consulting:
Fergus Wheeler/Louisa Feltes/Emily Desmier
Tel: +44 (0)203 727 1522/1166/1233
adventinternational@fticonsulting.com
This Announcement is for information purposes only and shall not
constitute or form part of an offer to buy, sell, issue, acquire or
subscribe for, or the solicitation of an offer to buy, sell, issue,
acquire or subscribe for any securities, nor shall there be any
sale of securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful. Any failure to comply with
these restrictions may constitute a violation of the securities
laws of such jurisdictions.
In particular, this Announcement does not constitute or form
part of any offer to buy, sell, issue, acquire or subscribe for, or
the solicitation of an offer to buy, sell, issue, acquire, or
subscribe for, any securities in the United States, Australia,
Canada, Japan or South Africa or any other jurisdiction into which
such offer or solicitation would be unlawful. In particular, the
securities referred to herein have not been and will not be
registered under the United States Securities Act of 1933, as
amended (the "Securities Act") and may not be offered, sold or
transferred, directly or indirectly, 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 state or other jurisdiction of the
United States. Any offering to be made in the United States will
only be made to "qualified institutional buyers" as defined in Rule
144A under the Securities Act ("QIBs") pursuant to an exemption
from the registration requirements under the Securities Act. The
Placing Shares are being offered and sold outside the United States
in accordance with Regulation S under the Securities Act. No public
offering of the securities referred to herein is being made in the
United Kingdom, the United States, Australia, Canada, Japan, South
Africa or any other jurisdiction.
The distribution of this Announcement and the Placing of the
Placing Shares as set out in this announcement in certain
jurisdictions may be restricted by law. No action has been taken
that would permit an offering of such shares or possession or
distribution of this announcement or any other offering or
publicity material relating to such shares 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, such restrictions. Any failure to
comply with these restrictions may constitute a violation of the
securities laws of any such jurisdiction.
Jefferies International Limited ("Jefferies") is authorised and
regulated in the United Kingdom by the Financial Conduct Authority,
is acting on behalf of Advent and no one else in connection with
the Placing of the Placing Shares and will not be responsible to
any person other than Advent for providing the protections afforded
to any of their clients or for providing advice in relation to
Placing of the Placing Shares. Jefferies will not regard any other
person as their client in relation to the Placing of the Placing
Shares.
UBS Limited ("UBS") is authorised by the Prudential Regulation
Authority and regulated by the Financial Conduct Authority and the
Prudential Regulation Authority in the United Kingdom, is acting on
behalf of Advent and no one else in connection with the Placing of
the Placing Shares and will not be responsible to any person other
than Advent for providing the protections afforded to any of their
clients or for providing advice in relation to Placing of the
Placing Shares. UBS will not regard any other person as their
client in relation to the Placing of the Placing Shares.
Joh. Berenberg, Gossler & Co. KG ("Berenberg"), which is
authorised by the German Federal Financial Supervisory Authority
(BaFin) and subject to limited regulation by the Financial Conduct
Authority, is acting on behalf of Advent and no-one else in
connection with the Placing of the Placing Shares and will not be
responsible to anyone other than Advent for providing the
protections afforded to clients of Berenberg nor for providing
advice in relation to any transaction or any matter referred to
herein.
This Announcement has been issued by and is the sole
responsibility of the Sellers. 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
Jefferies, UBS or Berenberg or by any of their respective
affiliates or agents 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 therefore is
expressly disclaimed.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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