Business
Exercise of the Over-Allotment Option
Exercise of the Over-Allotment Option.
About this update from B&m European Value Retail Plc
[{"type":"text","content":"\n \nRNS Number : 1648M B&M European Value Retail S.A. 11 July 2014 \n\nExercise of the Over‑allotment Option\n \n(Article 11(f)/ MAR2.3.11)\n \nB&M European Value Retail S.A. - Exercise of over-allotment option\n \nTHIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA \nB&M European Value Retail S.A. announces exercise of over‑allotment option\n \n11 July 2014\nB&M European Value Retail S.A. (the \"Company\") announces that, in connection with its initial public offering of ordinary shares (the \"Global Offer\"), Merrill Lynch International, as stabilising manager, has today exercised the over‑allotment option granted by Simon Arora, Bobby Arora and Robin Arora (either directly or indirectly) and Clayton Dubilier & Rice, LLC and certain other co-investment vehicles acting through CD&R European Value Retail S.à r.l. in respect of 36,018,644 ordinary shares in the Company (the \"Over‑allotment Shares\"). The Over-allotment Shares will be sold at the offer price of 270 pence per share. \nThe Company did not participate in the over-allotment option.\nIncluding the exercise of the over-allotment option, the total size of the Global Offer was 436,018,644 ordinary shares, in total representing 43.6% of the 1,000,000,000 ordinary shares of the Company currently in issue.\nThis 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 Company in any jurisdiction.\nThis announcement is not an offer of securities for sale into the United States. The securities referred to above have not been, and will not be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from registration. There has not been and will not be a public offer of the securities in the United States.\nMerrill Lynch International, which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority in the United Kingdom, is acting exclusively for the Company and no-one else in connection with the Global Offer. It will not regard any other person as its ...