Bovis Homes Group PLC (BVS.LN), the U.K. housebuilder, said Thursday it is placing up to 12.1 million new ordinary shares via an accelerated bookbuilding process to raise about GBP60 million.

MAIN FACTS:

-Bookbuild will be launched immediately and is expected to close no later than 1530 GMT Thursday

-Proposed placing will provide Bovis Homes with further financial flexibility to take advantage of attractive opportunities in the short to medium term to acquire land for development as such opportunities arise.

-Deutsche Bank AG, London Branch and RBS Hoare Govett Limited are acting as joint bookrunners and corporate brokers to the Company in connection with the placing.

-Placing is being made on a non pre-emptive basis.

 
-By London Bureau, Dow Jones Newswires; Contact Ian Walker; +44 (0)20 7842 9296; ian.walker@dowjones.com
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