Business
Placing of rump
Placing of rump.
About this update from Harbour Energy Plc
[{"type":"text","content":"\n RNS Number : 0135W Holidaybreak PLC 21 July 2009 \nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.\n\nHolidaybreak plc\n\nSuccessful completion of Rights Issue and placing of rump\n\nHolidaybreak plc (\"Holidaybreak\" or \"the Company\") announced previously that it had received valid acceptances in respect of 21,380,031 New Ordinary Shares, representing approximately 98.5% of the total number of New Ordinary Shares offered to Qualifying Shareholders, pursuant to the Rights Issue announced by the Company on 17 June 2009.\n \nHolidaybreak confirms that, in accordance with the arrangements set out in the prospectus sent to shareholders dated 17 June 2009 (\"Prospectus\"), KBC Peel Hunt has procured subscribers for the 334,309 remaining New Ordinary Shares, for which valid acceptances were not received, at a price of 249p per share. \n \nThe net proceeds from the sale of such New Ordinary Shares, after deduction of the Rights Issue Price of 153p per New Ordinary Share and relevant costs (including any applicable brokerage and commissions and amounts in respect of VAT), will be paid to those Qualifying Shareholders whose rights have lapsed in accordance with the terms of the Rights Issue, pro rata to their lapsed provisional allotments, save that individual amounts of less than £5.00 will not be so paid but will be retained for the Company's own benefit.\n\nUnless otherwise defined in this announcement, capitalised terms shall have the meaning given to them in the Prospectus.\n\n\nENQUIRIES\n\n\n\n\nHolidaybreak plc\n\n\n+44 (0)1606 787100\n\n\n\n\nJohn Coleman, Chairman \n\n\n\n\n\n\n\nCarl Michel, Group Chief Executive\n\n\n\n\n\n\n\nBob Baddeley, Group Finance Director\n\n\n\n\n\n\n\nKBC Peel Hunt\n\n\n+44 (0)20 7418 8900\n\n\n\n\nMatt Tyler\nMatt Goode\n\n\n\n\n\n\n\nOliver Stratton\n\n\n\n\n\n\n\nBrunswick \n\n\n+44 (0)20 7404 5959\n\n\n\n\nCatherine Hicks\n\n\n\n\n\n\n\nCraig Breheny\n\n\n\n\n\n\n\n\nThis Announcement is not for release, publication or distribution, directly or indirectly, in w...