Business
Initial Public Offering
Initial Public Offering.
About this update from Dunelm Group Plc
[{"type":"text","content":"\n Dunelm Group Ltd\n19 October 2006\n\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, OR INTO, THE UNITED STATES,\nCANADA, AUSTRALIA OR JAPAN\n\n\nThis announcement constitutes an advertisement within the meaning of the\nProspectus Rules of the Financial Services Authority and is not a prospectus. It\nhas been prepared solely in connection with Admission (as defined below) and the\nproposed offer to certain institutional and professional investors outside of\nthe United States of the ordinary shares referred to in this announcement (the\n''Offer''). Investors should not purchase such ordinary shares except on the\nbasis of the information contained in the prospectus expected to be published by\nthe Company (as defined below) later today (and any supplement or amendment\nthereto) in connection with the Offer and Admission. Once published, copies of\nthe prospectus can be obtained from the Company at Fosse Way, Syston, Leicester,\nLeicestershire LE7 1NR.\n\n\n\n19 October 2006\n\n\n DUNELM ANNOUNCES OFFER PRICE OF 170 PENCE PER ORDINARY SHARE\n\n\nDunelm Group plc ('the Company' and, together with its subsidiaries, 'Dunelm' or\n'the Group'), the fast-growing out-of-town homewares retailer, announces the\nsuccessful pricing of its initial public offering of ordinary shares (the 'IPO'\nor the 'Offer').\n\nHighlights\n\n • The offer price has been set at 170 pence per ordinary share (the 'Offer\n Price')\n\n • Based upon the Offer Price, the market capitalisation of the Company at\n the commencement of conditional dealings will be £340m\n\n • Conditional dealings are expected to commence on the London Stock\n Exchange at 8am today (19 October) under the ticker symbol DNLM. A\n prospectus is expected to be published later today\n\n • The IPO consists of 60.3 million Dunelm ordinary shares (prior to any\n exercise of the over-allotment option), representing 30.2 per cent. of\n Company's issued share capital, which have been placed with a broad base of\n institutional and professional investors. The remainder of the Company's\n issued share capital is retained by the Adderley family\n\n • As stabilising manager, UBS has been granted an over-allotment option of\n up to a maximum of approximately 6.0 million Dunelm ordinary shares,\n representing 10 per cent. of the ordinary shares in the IPO exercisable for\n a period of ...