Business
Overallotment option exercise
Overallotment option exercise.
About this update from Cpp Group Plc
[{"type":"text","content":"\n RNS Number : 3504K CPPGroup Plc 16 April 2010 \n\n \n \n \nTO BE RELEASED OUTSIDE THE UNITED STATES ONLY. NOT FOR DISTRIBUTION DIRECTLY OR INDIRECTLY IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, SWITZERLAND, SOUTH AFRICA OR JAPAN \n \nFOR IMMEDIATE RELEASE 16 APRIL 2010\n\n\nOverallotment option exercise notice: CPPGroup Plc\n \nIn connection with the Global Offer in relation to the following Ordinary Shares:\nCPPGroup Plc Ordinary Shares of 10p each\nISIN Code: GB00B5W55H93\n \nCPPGroup Plc (\"CPP\") announces that, in connection with the Global Offer of 63,829,786 Ordinary Shares by CPP, UBS Limited, as stabilising manager, has today given notice to exercise the Over-allotment Option in respect of 6,382,978 Ordinary Shares\n \nIncluding the exercise of the Over-allotment Option, the total number of Ordinary Shares in the Global Offer is 70,212,764. Following the exercise of the Over-allotment Option, Hamish Ogston will own approximately 57.5 per cent. of CPP's Ordinary Shares.\n \nThe issue price of CPPGroup Plc Ordinary Shares of 10p each was set at 235p on 18 March 2010.\n \nThe stabilisation period commenced at 8am on 19 March 2010 and ended at the close of business on 16 April 2010\n \n \nIMPORTANT NOTICE\n \nThis announcement is not for publication or distribution, directly or indirectly, in or into the United States. The distribution of this announcement may be restricted by law in certain jurisdictions 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. \n \nJ.P. Morgan Securities Ltd. and UBS Limited (together, the \"Banks\") are acting as joint sponsors, joint lead managers, joint g...