J.P. Morgan Securities PLC. Result of Placing (7819L)
30 April 2015 - 8:02AM
UK Regulatory
TIDMOPHR
RNS Number : 7819L
J.P. Morgan Securities PLC.
30 April 2015
NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES,
AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER
JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO. PLEASE SEE THE
IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.
PLACING OF 56,607,366 ORDINARY SHARES IN OPHIR ENERGY PLC
(THE "COMPANY") BY KULCZYK INVESTMENTS SA ("KULCZYK") AND
CERTAIN SUBSIDIARIES OF KULCZYK
30 April 2015
Further to the announcement released yesterday, Kulczyk and
certain subsidiaries of Kulczyk (the "Kulczyk Entities") announce
that they have sold 56,607,366 ordinary shares in the Company at a
price of 140 pence per share (the "Placing"). The Kulczyk Entities
have raised aggregate gross sale proceeds of approximately GBP79.3
million through the Placing. Following completion of the Placing,
the Kulczyk Entities will not hold any ordinary shares in the
Company.
The proceeds of the Placing are payable in cash on usual
settlement terms, and closing of the Placing is expected to occur
on 5 May 2015, subject to the satisfaction or waiver of certain
customary conditions.
J.P. Morgan Securities plc (which conducts its UK investment
banking activities as J.P. Morgan Cazenove) ("J.P. Morgan
Cazenove") is acting as sole bookrunner in connection with the
Placing.
Enquiries:
J.P. Morgan Cazenove +44 (0)20 7742 4000
Greg Chamberlain
Laurene Danon
IMPORTANT NOTICE
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. 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. 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.
This announcement is directed only at persons (i) having
professional experience in matters relating to investments who fall
within the definition of "investment professionals" in Article
19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005 (the "Order") or (ii) who are high net worth
entities falling within Article 49(2)(a) to (d) of the Order, and
other persons to whom it may otherwise lawfully be communicated
(all such persons together being referred to as "relevant
persons"). This announcement must not be acted or relied on in the
United Kingdom by persons who are not relevant persons.
In member states of the European Economic Area ("EEA"), this
announcement is only addressed to and directed at persons who are
"qualified investors" within the meaning of Article 2(1)(e) of the
Prospectus Directive (Directive 2003/71/EC (and amendments thereto,
including the 2010 PD Amending Directive, to the extent implemented
in the Relevant Member State) and includes any relevant
implementing measure in each Relevant Member State).
J.P. Morgan Cazenove, which is authorised by the Prudential
Regulation Authority and regulated in the United Kingdom by the
Financial Conduct Authority and the Prudential Regulation
Authority, is acting for the Kulczyk Entities in connection with
the Placing and no-one else and will not be responsible to anyone
other than the Kulczyk Entities for providing advice in relation to
the Placing or any other matter referred to in this
announcement.
This announcement has been issued by and is the sole
responsibility of the Kulczyk Entities. 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 J.P. Morgan Cazenove or by any of its 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.
The price of shares and the income from them may go down as well
as up and investors may not get back the full amount invested on
disposal of the shares. Past performance is no guide to future
performance and persons needing advice should consult an
independent financial adviser.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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