Business
Announcement re: Rights Issue
Announcement re: Rights Issue.
About this update from Grainger Plc
[{"type":"text","content":"\n RNS Number : 0096C Grainger PLC 05 November 2009 \n \n5 November 2009\n\nNOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA\n\nTHE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN OR INTO ANY OF THE JURISDICTIONS ABOVE OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT\n\nTHIS ANNOUNCEMENT SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITIES, NOR SHALL THERE BE ANY SALE OR PURCHASE OF SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION. THE AVAILABILITY OF THE RIGHTS ISSUE TO PERSONS NOT RESIDENT IN THE UNITED KINGDOM MAY BE AFFECTED BY THE LAWS OF THE RELEVANT JURISDICTIONS. SUCH PERSONS SHOULD INFORM THEMSELVES ABOUT AND OBSERVE ANY APPLICABLE REQUIREMENTS.\n\nThis Announcement is an advertisement and does not constitute a prospectus. Nothing in this Announcement should be interpreted as a term or condition of the Rights Issue. Any decision to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of any Nil Paid Rights, Fully Paid Rights and/or New Shares must be made only on the basis of the information contained in and incorporated by reference into the Prospectus.\n\nGrainger plc \n(\"Grainger\" or the \"Company\" or the \"Group\") \n\nPROPOSED 2 FOR 1 RIGHTS ISSUE\nTO RAISE GROSS PROCEEDS OF APPROXIMATELY £250 MILLION\n\nStrengthened financial position will enable the Group to make compelling acquisitions\nThe Board of Grainger plc today announces the details of a fully underwritten Rights Issue to raise gross proceeds of approximately £250 million (approximately £238 million net of expenses) by the issue of up to 277,628,724 New Shares through a 2 for 1 Rights Issue at 90 pence per New Share.\nGrainger's audited results for the year ended 30 September 2009 have been released today in an accompanying announcement.\nSummary \n\n\nFundraising totalling £249.9 million...