Business
Announcement of Offer Price
Announcement of Offer Price.
About this update from Hansard Global Plc
[{"type":"text","content":"\n Hansard Global plc\n13 December 2006\n\n\nThis announcement and the information contained herein is not for publication,\ndistribution or release, in whole or in part, in, or into, directly or\nindirectly, the United States, Australia, Canada and Japan or any other\njurisdiction where such publication, distribution or release would be unlawful.\n\nThis announcement is an advertisement and not a prospectus. Investors should not\npurchase or subscribe for any shares referred to in this announcement except on\nthe basis of information in the prospectus (the 'Prospectus') which is expected\nto be published in due course by Hansard Global plc ('Hansard' or the 'Company'\nand, together with its subsidiaries, the 'Group') in connection with Admission\n(as defined below) and the proposed offer of ordinary shares in the capital of\nthe Company (the 'Shares') to institutional investors and management (the\n'Offer'). Copies of the Prospectus will be available after its publication in\naccordance with the Prospectus Rules of the Financial Services Authority from\nHansard Global plc's registered office at Harbour Court, Lord Street, Douglas,\nIsle of Man, IM99 1QL, from the office of Lazard & Co., Limited at 50 Stratton\nStreet, London W1J 8LL and from the office of Panmure Gordon (UK) Limited at 155\nMoorgate, London EC2M 6XB.\n\n\n13 December 2006\n\n HANSARD GLOBAL PLC\n\n Announcement of Offer Price\n\n of 260 pence per Share\n\nHansard Global plc, the specialist long-term savings provider, today announces\nthe price for the Offer of its Shares (the 'Offer Price'). Following strong\ninterest in the Offer from institutional investors, Hansard is pleased to\nannounce that the Offer Price has been set at 260 p per Share.\n\nHighlights\n\n • Offer Price of 260 p per Share.\n\n • Based on the Offer Price, the market capitalisation of Hansard at the\n commencement of conditional dealings will be approximately £357 million.\n\n • The Offer comprises 50,671,326 Shares, representing approximately 37% of\n the Company's issued ordinary share capital, implying an Offer size of £132\n million.\n\n • In addition, Polar Cap Limited (the 'Selling Shareholder') has granted\n Panmure Gordon (UK) Limited ('Panmure Gordon') an over-allotment option of\n up to 7,600,699 Shares, representing approximately 15% of the Shares\n comprised in the...