MAX Max Prop

 

TIDMMAX 
 
RNS Number : 7256S 
Max Property Group PLC 
22 May 2009 
 

Not for distribution, directly or indirectly, in or into the United States, 
Canada, Australia or Japan or to US persons. 
 
 
This announcement is not an admission document. This document does not 
constitute or form part of, and should not be construed as, any offer or 
invitation to sell or issue, or any solicitation of any offer to purchase or 
subscribe for, any shares in the Company or securities in any other entity nor 
shall it or any part of it nor the fact of its distribution form the basis of, 
or be relied on in connection with, any contract or investment decision in 
relation thereto. This document does not constitute a recommendation regarding 
any securities. 
 
 
Any investment decision must be made exclusively on the basis of the admission 
document prepared by the Company and any supplement thereto (the "Admission 
Document").  Any defined terms used in this announcement shall have the same 
meaning as defined in the Admission Document, unless defined herein. Copies of 
the Admission Document are available from the Company's registered office. 
 
 
Max Property Group Plc 
 
 
Announcement of Exercise of Over-Allotment Arrangement 
 
 
Max Property Group Plc (the "Company"), a newly-formed Jersey-incorporated 
closed-ended property investment company, today announces that, in connection 
with the initial public offering of the Company (the "Offering"), Morgan Stanley 
Securities Limited, as stabilising manager, has today given notice to exercise 
the over-allotment arrangement in respect of 20,000,000 Shares in the Company. 
 
 
Including the exercise of the Over-allotment Arrangement, the total size of the 
Offering is GBP220 million (220,000,000 Shares), with GBP25 million cash 
committed by the Management Team, its partners and affiliates and GBP35 million 
committed by affiliated investment funds of Och-Ziff Capital Management Group 
LLC. 
 
 
 
 
22 May 2009 
 
 
 
 
ENQUIRIES: 
 
 
+-----------------------------------------+------------------------------+ 
| Prestbury Investments                   |           Tel: 020 7647 7647 | 
+-----------------------------------------+------------------------------+ 
| Nick Leslau                             |                              | 
+-----------------------------------------+------------------------------+ 
| Sandy Gumm                              |                              | 
+-----------------------------------------+------------------------------+ 
|                                         |                              | 
+-----------------------------------------+------------------------------+ 
| Morgan Stanley (Nominated Adviser)      |                              | 
|                                         | Tel: 020 7425 8000           | 
+-----------------------------------------+------------------------------+ 
| Jonathan Lane                           |                              | 
+-----------------------------------------+------------------------------+ 
| Nick White                              |                              | 
+-----------------------------------------+------------------------------+ 
| Mark Brooker                            |                              | 
+-----------------------------------------+------------------------------+ 
|                                         |                              | 
+-----------------------------------------+------------------------------+ 
| Oriel Securities                        |           Tel: 020 7710 7600 | 
+-----------------------------------------+------------------------------+ 
| Joe Winkley                             |                              | 
+-----------------------------------------+------------------------------+ 
| Sapna Shah                              |                              | 
+-----------------------------------------+------------------------------+ 
|                                         |                              | 
+-----------------------------------------+------------------------------+ 
| College Hill                            |           Tel: 020 7457 2020 | 
+-----------------------------------------+------------------------------+ 
| Alex Sandberg                           |                              | 
+-----------------------------------------+------------------------------+ 
| Gareth David                            |                              | 
+-----------------------------------------+------------------------------+ 
 
 
  Important Notices 
 
 
This document is not an offer of securities for sale in the United States. The 
securities discussed herein have not been and will not be registered under the 
US Securities Act of 1933, as amended (the "US Securities Act") and may not be 
offered or sold in the United States absent registration or an exemption from 
registration under the US Securities Act. No public offering of the securities 
discussed herein is being made in the United States and the information 
contained herein does not constitute an offering of securities for sale in the 
United States, Canada, Australia or Japan. This document is not for distribution 
directly or indirectly in or into the United States, Canada, Australia or Japan 
or to US persons (as defined in Regulation S under the US Securities Act). 
 
 
The Company has not and will not be registered under the US Investment Company 
Act of 1940, as amended (the "US Investment Company Act") and investors will not 
be entitled to the benefits of the US Investment Company Act. Accordingly, 
securities may not be offered or sold in the United States or to, or for the 
account or benefit of, US persons, absent registration under the US Securities 
Act or an exemption therefrom and under circumstances which will not require the 
Company to register under the US Investment Company Act." 
 
 
This document and its contents may not be reproduced, redistributed or passed 
on, directly or indirectly, to any other person or published, in whole or in 
part, for any purpose and in particular to any person or persons in any 
jurisdiction to whom it is unlawful to make such offer or solicitation. This 
document and its contents is directed only at persons in member states of the 
European Economic Area ("EEA") who are "qualified investors" within the meaning 
of Article 2(1)(e) of the Prospectus Directive (Directive 2003/71/EC) 
("qualified investors"). 
 
 
In the United Kingdom, this announcement is addressed only to, and is directed 
only at, (i) persons who have professional experience in matters relating to 
investments who fall within Article 19(5) of the Financial Services and Markets 
Act 2000 (Financial Promotion) Order 2005 (the "Order") and high net worth 
entities falling within Article 49(2)(a) to (d) of the Order, and (ii) 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 on 
or relied on by persons who are not relevant persons. Any investment or 
investment activity to which this announcement relates is available only to 
relevant persons and will be engaged in only with relevant persons. 
 
 
The offer and the distribution of this announcement and other information in 
connection with the offer 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 restriction. 
Any failure to comply with these restrictions may constitute a violation of the 
securities laws of any such jurisdiction. 
 
 
This announcement includes information, statements, beliefs and opinions which 
are forward-looking, and which reflect current estimates, expectations and 
projections about future events. The information and opinions expressed in this 
document are provided as of the date of this document. Statements containing the 
words "believe," "expect," "intend," "should," "seek," "anticipate," "will," 
"positioned," "project," "risk," "plan," "may," "estimate" or, in each case, 
their negative and words of similar meaning are forward-looking statements. By 
their nature, forward-looking statements involve a number of risks, 
uncertainties and assumptions that could cause actual results or events to 
differ materially from those expressed or implied by the forward-looking 
statements. These risks, uncertainties and assumptions could adversely affect 
the outcome and financial effects of the plans and events described herein. In 
addition, even if the outcome and financial effects of the plans and events 
described herein are consistent with the forward-looking statements contained in 
this announcement, those results or developments may not be indicative of 
results or developments in subsequent periods. 
 
 
Historical statements contained in this document regarding past trends or 
activities should not be taken as a representation that such trends or 
activities will continue in the future. Prospective investors should not place 
undue reliance on either forward-looking or historical statements, which are 
based on the information available as of the date of this document. In this 
regard, certain financial information contained herein has been extracted from, 
or based upon, information available in the public domain and/or provided by the 
Company and/or Prestbury Investments. The Company does not undertake any 
obligation to update or revise any forward-looking statements, whether as a 
result of new information, future events or otherwise. No statement in this 
document is intended to be nor may it be construed to be a profit forecast. 
 
 
Persons receiving this document should note that Morgan Stanley, MSSL and Oriel 
are acting for the Company in connection with the offer and no one else and will 
not be responsible to anyone other than the Company for providing the 
protections afforded to the respective clients of Morgan Stanley, MSSL and Oriel 
or for providing advice in relation to the offer or any transaction or 
arrangement referred to in this document. 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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