Exova Group PLC Stabilisation Notice (5962E)
11 Aprile 2014 - 8:01AM
UK Regulatory
TIDMEXO
RNS Number : 5962E
Exova Group PLC
11 April 2014
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, JAPAN,
THE UNITED STATES OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO
DISTRIBUTE THIS ANNOUNCEMENT
11 April 2014
Exova Group plc
Stabilisation Notice
Credit Suisse Securities (Europe) Limited (contact: Stephane
Gruffat; telephone: 020 7888 3692) hereby gives notice that the
Stabilising 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/EC).
The securities:
Issuer: Exova Group plc
Shares: Ordinary Shares of the Issuer (ISIN No. GB00BKY7HG11)
Offering size: 100,000,000 Ordinary Shares
Offer price: 220 pence per Ordinary Share
Stabilisation:
Stabilising Manager: Credit Suisse Securities (Europe)
Limited
Stabilisation period expected to commence at: 8.00 a.m. on 11
April 2014
Stabilisation period expected to end no later than: 10 May
2014
Maximum size of over-allotment facility: 15,000,000 Ordinary
Shares
Over-allotment Option:
Terms: Exova Group B.V, which is a wholly owned holding company
of Clayton, Dubilier & Rice Fund VII, LP, has granted Credit
Suisse Securities (Europe) Limited, in its capacity as Stabilising
Manager and for the account of the underwriters, the option to
acquire, or procure acquirers for, up to an additional 15,000,000
Ordinary Shares.
Duration: This option may be exercised in whole or in part on
one or more occasions at any time from 11 April 2014 to 10 May
2014.
DISCLAIMERS
In connection with the offer of the above securities, the
Stabilising Manager may over-allot the securities or effect
transactions with a view to supporting the market price of the
securities at a level higher than that which might otherwise
prevail. However, there is no assurance that the Stabilising
Manager will take any stabilisation action and any stabilisation
action, if begun, may be ended at any time.
This announcement is for information purposes only and does not
constitute an invitation or offer to underwrite, subscribe for or
otherwise acquire or dispose of any securities of the Issuer in any
jurisdiction.
This announcement is not for publication or distribution, in
whole or in part, directly or indirectly, in or into Australia,
Canada, Japan, the United States (including its territories and
possessions, any State of the United States and the District of
Columbia) or any other jurisdiction where to do so would constitute
a violation of the relevant laws of such jurisdiction. This
announcement does not contain or constitute an offer of, or the
solicitation of an offer to buy or subscribe for, the securities
referred to herein to any person in any jurisdiction, including
Australia, Canada, Japan, the United States or in any jurisdiction
to whom or in which such offer or solicitation is unlawful.
The securities of the Issuer have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the
"Securities Act") and may not be offered or sold within the United
States absent registration or an applicable exemption from, or in a
transaction not subject to, the registration requirements of the
Securities Act. The securities referred to herein have not been
registered under the applicable securities laws of Australia,
Canada or Japan and, subject to certain exceptions, may not be
offered or sold within Australia, Canada or Japan or to any
national, resident or citizen of Australia, Canada or Japan. The
distribution of this announcement in other jurisdictions may be
restricted by law and persons into whose possession this
announcement comes should inform themselves about, and observe,
such restrictions.
This announcement and the offer of the securities to which it
relates are only addressed to and directed at persons outside the
United Kingdom and persons in the United Kingdom who are high net
worth persons or investment professionals within article 12(5) of
the Financial Services and Markets Act 2000 (Financial Promotion)
Order 2005 and must not be acted on or relied upon by other persons
in the United Kingdom.
In addition, if and to the extent that this announcement is
communicated in, or the offer of the securities to which it relates
is made in, any EEA Member State that has implemented Directive
2003/71/EC (together with any applicable implementing measures in
any Member State, the "Prospectus Directive") before the
publication of a prospectus in relation to the securities which has
been approved by the competent authority in that Member State in
accordance with the Prospectus Directive (or which has been
approved by a competent authority in another Member State and
notified to the competent authority in that Member State in
accordance with the Prospectus Directive), this announcement and
the offer are only addressed to and directed at persons in that
Member State who are "qualified investors" within the meaning of
the Prospectus Directive (or who are other persons to whom the
offer may lawfully be made) and must not be acted on or relied on
by other persons in that Member State.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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