Business
Exercise of Over-allotment Option
Exercise of Over-allotment Option.
About this update from Forterra Plc
[{"type":"text","content":"\n \nRNS Number : 9404Y Forterra plc 23 May 2016 \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES OF AMERICA, AUTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.\n \n \n23 May 2016\n \n \nForterra plc\n \nExercise of Over-allotment Option\n \nFurther to its announcement on 26 April 2016 relating to the initial public offering of its ordinary shares (the \"Offer\"), Forterra plc (the \"Company\") today confirms that Deutsche Bank AG, London Branch, as stabilisation manager, has exercised the over-allotment option granted by LSF9 Concrete UK Ltd (the \"Selling Shareholder\") in respect of 1,333,173 ordinary shares in the Company (the \"Over-allotment Shares\") at the offer price of 180 pence per Over-allotment Share. \nIncluding the exercise of the over-allotment option, the total size of the Offer was 71,333,173 ordinary shares, representing 35.7% of the 200,000,000 ordinary shares of the Company currently in issue.\nFollowing the exercise of the over-allotment option, the Selling Shareholder will hold 128,666,827 ordinary shares of the Company, representing 64.3% of the 200,000,000 ordinary shares of the Company currently in issue.\nEnquiries\n\n\n\n\nJoint Global Co-ordinator and Joint Bookrunner\n\n\n\n\n\n\n\nCredit Suisse:\n\n\n+44 (0) 20 7888 8888\n\n\n\n\nNick Williams\n\n\n\n\n\n\n\nDavide Sala\n\n\n\n\n\n\n\nLewis Burnett\n\n\n\n\n\n\n\nChris Ennals\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nJoint Global Co-ordinator, Joint Bookrunner and Sponsor\n\n\n\n\n\n\n\nDeutsche Bank:\n\n\n+44 (0) 20 7545 8000\n\n\n\n\nSimon Gorringe\n\n\n\n\n\n\n\nLorcan O'Shea\n\n\n\n\n\n\n\nRomine Hakme\n\n\n\n\n\n\n\nAdam Miller\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nJoint Bookrunner\n\n\n\n\n\n\n\nCitigroup:\n\n\n+44 (0) 20 7986 4000\n\n\n\n\nCyrus Shabi\n\n\n\n\n\n\n\nAlex Carter\n\n\n\n\n\n\n\nPauline Timmers\n\n\n\n\n\n\n\nChuba Ezenwa\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nMedia Enquiries\n\n\n\n\n\n\n\nFTI Consulting (public relations adviser to Forterra):\n\n\n+44 (0) 20 3727 1340\n\n\n\n\nRichard Mountain\n\n\n\n\n\n\n\nNick Hasell\n\n\n\n\n\n\n\n \nIMPORTANT NOTICE\nThe information contained in this announcement is for background purposes only and does not purport to be full or c...