Peel Hunt LLP Result of Placing of Shares in Watkin Jones plc (4022A)
March 24 2017 - 3:00AM
UK Regulatory
TIDMWJG
RNS Number : 4022A
Peel Hunt LLP
24 March 2017
24 March 2017
Result of Placing of Shares in Watkin Jones plc ("Watkin Jones"
or the "Company")
Further to the announcement released yesterday, the G&J
Watkin Jones 1992 Settlement Trust and Philip Byrom (together the
"Sellers") have sold a total of 50,250,000 ordinary shares of one
penny each in the Company (the "Ordinary Shares") (the "Placing
Shares") at a price of 140 pence per share (the "Placing"). The
Placing Shares represent approximately 19.7% of the Company's
entire issued share capital.
Peel Hunt LLP ("Peel Hunt") acted as sole Bookrunner in
connection with the Placing.
The Ordinary Shares held by the Sellers which were not sold in
the Placing by the Sellers are subject to a 180-day lock-up which
is subject to customary exceptions and which will otherwise only be
waived with the consent of the Bookrunner (the "Sellers' Lock-Up").
In addition, the Ordinary Shares held by Mark Watkin Jones and by
the Watkin Jones Will Trust are also subject to a 180-day lock-up
on the same terms as that of the Sellers' Lock-Up.
Enquiries
Peel Hunt LLP (sole Bookrunner)
Alastair Rae
Mike Bell
Sohail Akbar
Matthew Brooke-Hitching + 44 (0)20 7418 8914
DISCLAIMER
This announcement and the information contained herein may not
be published, distributed or transmitted, directly or indirectly,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, Japan, Australia 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, Canada, Japan, Australia,
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, Japan, Australia,
the Republic of South Africa 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.
The Placing Shares have not been approved or disapproved by the
US Securities and Exchange Commission, any state securities
commission or other regulatory authority in the United States, nor
have any of the foregoing authorities passed upon or endorsed the
merits of the Placing or the accuracy or adequacy of this
announcement. Any representation to the contrary is a criminal
offence in the United States.
In the United Kingdom, this document is only being distributed
to and 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 document 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 document 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 ("qualified
investors"). 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 the
Sellers, Peel Hunt LLP or any of their respective affiliates.
Peel Hunt LLP, which is authorised and regulated by the
Financial Conduct Authority in the United Kingdom, is acting only
for the Sellers in connection with the Placing and will not be
responsible to anyone other than the Sellers for providing the
protections offered to the clients of the Bookrunner 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, the
Bookrunner and/or any respective 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 its own account such
securities. The Bookrunner 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
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