UBS Limited Pre-stabilisation announcement (2640Q)
11 Oktober 2013 - 8:00AM
UK Regulatory
TIDMRMG
RNS Number : 2640Q
UBS Limited
11 October 2013
Pre-stabilisation announcement
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, JAPAN
OR AUSTRALIA OR ANY JURISDICTION IN WHICH SUCH DISTRIBUTION WOULD
BE UNLAWFUL.
ROYAL MAIL plc
Stabilisation Notice
UBS Limited (contact: Gareth McCartney ; telephone: 0044 20756
82227) hereby gives notice that the Stabilisation Manager named
below may stabilise the offer of the following securities in
accordance with Commission Regulation (EC) No. 2273/2003
implementing the Market Abuse Directive (2003/6) and MAR 2.3.5 (1)
of the Financial Conduct Authority Code of Market Conduct
The Securities:
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Issuer: Royal Mail plc
-------------------------------- ------------------------------------------------
Offering securities: Ordinary Shares of 1p each
ISIN: GB00BDVZYZ77
-------------------------------- ------------------------------------------------
Offering description: Initial Public Offering
-------------------------------- ------------------------------------------------
Offering size: 521,739,130 Shares
-------------------------------- ------------------------------------------------
Offer price: 330p
-------------------------------- ------------------------------------------------
Stabilisation:
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Stabilisation Manager: UBS Limited
-------------------------------- ------------------------------------------------
Stabilisation period 8am 11 October 2013
expected to start
on:
-------------------------------- ------------------------------------------------
Stabilisation period Close of business 8 November 2013
expected to end no
later than:
-------------------------------- ------------------------------------------------
Maximum size of over-allotment 78,260,870 Shares
facility:
-------------------------------- ------------------------------------------------
Conditions of use May be exercised in whole or in part by the
of over- Stabilisation Manager, to the extent permitted
allotment facility: by applicable law, at any time during the
period commencing with conditional dealings
and ending 30 days thereafter
-------------------------------- ------------------------------------------------
Over-allotment Option:
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Size: Equivalent to up to 15% of the offering
-------------------------------- ------------------------------------------------
Exercise period: 30 days from the start of conditional dealings
(ending close of business 8 November 2013)
-------------------------------- ------------------------------------------------
Conditions of use May be exercised by the Stabilisation Manager
of over-allotment in whole or in part from time to time from
option: 8am 11 October 2013 to close of business 8
November 2013
-------------------------------- ------------------------------------------------
In connection with its Stabilisation activities Postal Services
Holding Company plc has granted UBS Limited, on behalf of the
Underwriters, an over-allotment option, exercisable once for a
period of 30 days after 11 October 2013 which, if exercised will
require Postal Services Holding Company plc to sell up to 15 per
cent. of the aggregate number of Offering Shares available in the
Offering (before any exercise of the Over-allotment Option) at the
Offer Price to cover short positions arising from such
over-allotments (if any) and/or sales of shares effected by it
during the Stabilisation period.
UBS Limited has agreed with Postal Services Holding Company plc
that any over-allotment of the Offering Shares by it or any of its
agents will be up to a maximum of 15 per cent. of the total number
of the Offering Shares (before any exercise of the Over-allotment
Option).
Number of Offering Shares: 521,739,130
Number of Shares subject to the over-allotment option:
78,260,870
In connection with the offer of the above securities, the
Stabilisation Manager, or any of its agents, may (but will be under
no obligation to), to the extent permitted by applicable law,
over-allot the securities or effect other transactions with a view
to supporting the market price of the securities at a higher level
than that which might otherwise prevail in the open market. The
Stabilisation Manager will not be required to enter into such
transactions and such transactions may be effected on any
securities market, over-the-counter market, stock exchange or
otherwise and may be undertaken at any time during the period
commencing on 11 October 2013 and ending no later than 30 calendar
days thereafter. However, there will be no obligation on the
Stabilisation Manager or any of its agents to effect stabilising
transactions and there is no assurance that stabilising
transactions will be undertaken. Such stabilising measures, if
commenced, may be discontinued at any time without prior notice. In
no event will measures be taken to stabilise the market price of
the Shares above the offer price. Save as required by law or
regulation, neither the Stabilisation Manager nor any of its agents
intends to disclose the extent of any over-allotments made and/or
stabilisation transactions conducted in relation to the offer of
securities.
Certain figures contained in this announcement, including
financial information, have been subject to rounding adjustments.
Accordingly, in certain instances, the sum or percentage change of
the numbers contained in this announcement may not conform exactly
with the total figure given.
This announcement is for information purposes only and 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 Shares or any other securities 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, any contract therefor.
Neither this announcement, the publication in which it is
contained nor any copy of it may be made or transmitted into the
United States of America (including its territories or possessions,
any state of the United States of America and the District of
Columbia) (the "United States"). The securities referred to herein
have not been and will not be registered under the applicable
securities laws of the United States and, subject to certain
exceptions, may not be offered or sold within the United
States.
Neither this announcement, the publication in which it is
contained nor any copy of it may be taken, transmitted or
distributed, directly or indirectly, into Canada, Japan or
Australia or to any persons in any of those jurisdictions or any
other jurisdictions where to do so would constitute a violation of
the relevant laws of such jurisdiction.
The offer of the above securities and the distribution of this
announcement and other information in connection with the admission
and offer of the above securities in certain jurisdictions may be
restricted by law and persons into whose possession any document or
other information referred to herein comes should inform themselves
about, and observe, any such restrictions. Any failure to comply
with these restrictions may constitute a violation of the
securities laws of any such jurisdiction.
This announcement does not constitute an offer for sale of, or a
solicitation to purchase or subscribe for, any securities in the
United States. No securities of Royal Mail plc have been, or will
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 an exemption from, or in a transaction not
subject to, the registration requirements of the Securities Act and
in compliance with any applicable securities laws of any state or
other jurisdiction of the United States. There will be no public
offering of securities in the United States.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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