Publication of prospectus and circular
23 September 2010 - 5:38PM
UK Regulatory
TIDMNTX
RNS Number : 2259T
NXT PLC
23 September 2010
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT
FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN
PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR
ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL
THIS ANNOUNCEMENT IS AN ADVERTISEMENT. IT IS NOT A PROSPECTUS. INVESTORS SHOULD
NOT SUBSCRIBE FOR OR PURCHASE ANY SHARES REFERRED TO IN THIS ANNOUNCEMENT EXCEPT
SOLELY ON THE BASIS OF INFORMATION CONTAINED IN THE PROSPECTUS PUBLISHED BY NXT
PLC IN CONNECTION WITH THE PROPOSED FUNDRAISING. COPIES OF THE PROSPECTUS ARE
AVAILABLE FOR INSPECTION AT THE OFFICES OF THE COMPANY AT REGUS HOUSE, 1010
CAMBOURNE BUSINESS PARK, CAMBOURNE, CAMBRIDGE, CB23 6DP AND AT THE OFFICES OF
SIMMONS & SIMMONS AT CITYPOINT, ONE ROPEMAKER STREET, LONDON, EC2Y 9SS DURING
NORMAL BUSINESS HOURS ON ANY WEEKDAY (SATURDAYS, SUNDAYS AND PUBLIC HOLIDAYS
EXCEPTED) UP TO AND INCLUDING THE DATE WHICH IS ONE MONTH FOLLOWING ADMISSION.
NXT plc
PUBLICATION OF PROSPECTUS AND CIRCULAR
NXT plc ("NXT" or the "Company") announces that, further to the announcement
today in relation to the Firm Placing, Open Offer and Placing (the
"Transaction") to raise approximately GBP8 million before expenses, a Prospectus
relating to the Transaction has been approved by the UK Listing Authority (the
"UKLA") earlier today.
The Prospectus is being posted to shareholders today and copies of the
Prospectus are available for inspection at the UKLA's National Storage
Mechanism, which can be found at www.hemscott.com.
In addition, the Prospectus is available to view on the Company's website
(www.nxtsound.com). Copies of the Prospectus will be also available from the
offices of NXT plc, Regus House, 1010 Cambourne, Cambridge, CB23 6DP and at the
offices of Simmons and Simmons, CityPoint, One Ropemaker Street, London EC2Y
9SS.
For further information please contact:
NXT plc
Tel: +44 (0)1223 597 840
Ian Buckley, Chairman
James Lewis, CEO
Kate Barnes, CFO
Singer Capital Markets Ltd Tel: +44
(0)20 3205 7500
Shaun Dobson
Claes Spång
Media enquiries:
+--------------------------------+--------------------------------+
| Allerton Communications | Tel: +44 (0) 20 3137 2500 |
+--------------------------------+--------------------------------+
This announcement does not constitute or form part of any offer or invitation to
sell or issue, or any solicitation of any offer to purchase or subscribe for,
any New Ordinary Shares, nor shall it (or any part of it), or the fact of its
distribution, form the basis of, or be relied on in connection with or act as
any inducement to enter into, any contract or commitment whatsoever with respect
to the proposed Firm Placing ,Open Offer and Placing or otherwise. This
announcement is not a prospectus and investors should not subscribe for or
purchase any New Ordinary Shares referred to in this announcement except on the
basis of information in the prospectus expected to be published in due course.
Copies of the prospectus are available from NXT's head office at Regus House,
1010 Cambourne Business Park, Cambourne, Cambridge CB23 6DP.
The distribution of this announcement in certain jurisdictions may be restricted
by law and such distribution could result in violation of the laws of such
jurisdictions. In particular, this announcement is not for distribution in the
United States, Australia, Canada, Japan or South Africa.
This announcement is not for release, publication or distribution, in whole or
in part, directly or indirectly, in or into the United States, Australia,
Canada, Japan or South Africa or any jurisdiction into which the publication or
distribution would be unlawful. This announcement is for information purposes
only and does not constitute an offer to sell or issue or the solicitation of an
offer to buy or acquire shares in the capital of the Company in the United
States, Australia, Canada, Japan or South Africa or any jurisdiction in which
such offer or solicitation would be unlawful. Any failure to comply with these
restrictions may constitute a violation of the securities laws of such
jurisdictions. The securities have not been and will not be registered under
the United States Securities Act of 1933, as amended ("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. The securities are being
offered and sold outside the United States in accordance with Regulation S under
the Securities Act. No public offering of the shares referred to in this
announcement is being made in the United States, Australia, Canada, Japan or
South Africa or any jurisdiction in which such public offering would be
unlawful.
The information in this press release may not be forwarded or distributed to any
other person and may not be reproduced in any manner whatsoever. Any forwarding,
distribution, reproduction, or disclosure of this information in whole or in
part is unauthorized. Failure to comply with this directive may result in a
violation of the Securities Act or the applicable laws of other jurisdictions.
CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS:
This announcement contains certain forward-looking statements which may include
reference to one or more of the following: the Group's financial condition,
results of operations, cash flows, dividends, financing plans, business
strategies, operating efficiencies or synergies, budgets, capital and other
expenditures, competitive positions, growth opportunities for existing products,
plans and objectives of management and other matters. Statements in this
announcement that are not historical facts are hereby identified as
"forward-looking statements". Such forward-looking statements, including,
without limitation, those relating to future business prospects, revenue,
liquidity, capital needs, interest costs and income, in each case relating to
NXT, wherever they occur in this announcement, are necessarily based on
assumptions reflecting the views of NXT and involve a number of known and
unknown risks, uncertainties and other factors that could cause actual results,
performance or achievements to differ materially from those expressed or implied
by the forward-looking statements. Such forward-looking statements should,
therefore, be considered in light of various important factors. Important
factors that could cause actual results to differ materially from estimates or
projections contained in the forward-looking statements include, without
limitation: economic and business cycles, the terms and conditions of NXT's
financing arrangements, foreign currency rate fluctuations, competition in NXT's
principal markets, acquisitions or disposals of businesses or assets and trends
in NXT's principal industries.
These forward-looking statements speak only as at the date of this announcement.
Except as required by the Listing Rules, the Disclosure and Transparency Rules,
the Prospectus Rules and any law, NXT does not have any obligation to update or
revise publicly any forward-looking statement, whether as a result of new
information, further events or otherwise. Except as required by the Listing
Rules, the Disclosure and Transparency Rules, the Prospectus Rules and any law,
NXT expressly disclaims any obligation or undertaking to release publicly any
updates or revisions to any forward-looking statement contained herein to
reflect any change in NXT's expectations with regard thereto or any change in
events, conditions or circumstances on which any such statement is based. In
light of these risks, uncertainties and assumptions, the forward-looking events
discussed in this announcement might not occur.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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