Business
Announcement of Offer Price
Announcement of Offer Price.
About this update from Card Factory Plc
[{"type":"text","content":"\n \nRNS Number : 1642H Card Factory PLC 15 May 2014 \n \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES OF AMERICA, CANADA, JAPAN OR AUSTRALIA OR ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.\nThis announcement is an advertisement for the purposes of the UK Prospectus Rules and not a prospectus and not an offer of securities for sale in any jurisdiction, including in or into the United States, Canada, Japan or Australia. Investors should not purchase or subscribe for any shares referred to in this announcement except on the basis of information in the prospectus (the \"Prospectus\") expected to be published by Card Factory plc in due course in connection with the proposed admission of its ordinary shares to the premium listing segment of the Official List of the Financial Conduct Authority and to trading on the main market of the London Stock Exchange. A copy of the Prospectus will, following publication, be available for inspection from Card Factory plc's website at www.cardfactoryinvestors.com. This announcement is not an offer to sell, or a solicitation of an offer to acquire, securities in the United States or in any other jurisdiction. \nFor immediate release\n15 May 2014\nCard Factory plc \nAnnouncement of Offer Price \nCard Factory plc, the UK's leading specialist retailer of greeting cards, today announces the successful pricing of its initial public offering (the \"IPO\" or \"Offer\") of 131,834,049 Ordinary Shares at 225 pence per Ordinary Share (the \"Offer Price\").\n• Based on the Offer Price, the market capitalisation of the Company at the commencement of conditional dealings will be £766.6 million.\n• Following Admission (and following the issue and allotment of 4,375,000 Ordinary Shares to certain current and former members of the Group's management relating to management entitlements soon after Admission (the \"Residual Management Equity\")) the Company will have 340,696,235 Ordinary Shares in issue, with a free float of 38.6 per cent. assuming no exercise of the over-allotment option and 42.5 per cent. assuming exercise of the over-allotment option in full.\n· The Company will receive £90 million of gross proceeds from the Offer.\n...