Acquisition
02 Dezember 2003 - 4:23PM
UK Regulatory
RNS Number:7609S
Informa Group PLC
02 December 2003
FOR IMMEDIATE RELEASE
Not for release, publication or distribution, in whole or in part, in or into
the US, Canada, Australia, The Republic of Ireland or Japan
2 December 2003
Informa Group plc ("Informa")
Further to this morning's announcement by Informa regarding, inter alia, the
acquisition of PJB Publications Limited and a placing of shares (the
"Announcement"), the placing price has now been determined following completion
of the bookbuilding process. Informa confirms that 13,280,000 Placing Shares
have been placed at 280 pence per share, representing a discount of circa 0.1%
to the closing price for an Informa share on 1 December 2003. The Placing Shares
being issued represent circa 9.614 per cent of Informa's issued share capital
prior to the placing.
Application has been made to the UK Listing Authority and to the London Stock
Exchange for the Placing Shares to be admitted to listing on the Official List
and to trading on the London Stock Exchange's market for listed securities
respectively (together "Admission"). It is expected that Admission will become
effective and dealings will commence in the Placing Shares at 8.00 am on 5
December 2003.
The Placing is conditional, inter alia, upon Admission becoming effective by
8.00 am on 5 December 2003 (or such later time and/or date as UBS may agree) and
on no force majeure event or material adverse change having occurred before
Admission becoming effective. The Placing is also conditional on the Acquisition
Agreement (referred to in the Announcement) not having been terminated prior to
Admission.
Informa is being advised by UBS Investment Bank in connection with the Placing.
Contacts
Peter Rigby Chairman
David Gilbertson Chief Executive
Jim Wilkinson Finance Director
Informa Group 020 7017 4302
Catherine Lees
Zoe Sanders
Bell Pottinger Financial 020 7861 3877
Michael Lacey-Solymar
Ian Bonnor-Moris
Adam Joy
UBS Investment Bank 020 7567 8000
Defined terms in this announcement have, unless the context otherwise requires,
the same meanings given to them in the Announcement.
Statements made in this release with respect to the Company's current plans,
estimates, strategies and beliefs and other statements that are not historical
facts are forward-looking statements about the future performance of the
Company. These statements are based on management's assumptions and beliefs in
light of the information currently available to it. The Company cautions you
that a number of important risks and uncertainties could cause actual results to
differ materially from those discussed in the forward-looking statements, and
therefore you should not place undue reliance on them.
The Company does not undertake any obligation to update any forward looking
statements discussed in this announcement, whether as a result of Placing
information, future events or otherwise.
This announcement does not constitute an offer of securities for sale in the
United States. The Placing Shares 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 or sold in the United States absent registration or an
exemption from registration under the Securities Act. Any public offering of
securities in the United States will be made by means of a prospectus that will
contain detailed information about the Company and the management, as well as
financial statements. Such prospectus may be obtained from the Company.
UBS is acting for Informa in connection with the Placing and Acquisition and no
one else and will not be responsible to anyone other than Informa for providing
the protections offered to clients of UBS nor for providing advice in relation
to the Placing or Acquisition.
Nothing in this press announcement should be construed as or be interpreted to
mean that the earnings per share of Informa for the current or future years will
necessarily match or exceed the historical or published earnings of Informa.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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