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Keller announces Placing of new ordinary shares
Keller announces Placing of new ordinary shares.
About this update from Keller Group Plc
[{"type":"text","content":"\n \nRNS Number : 7424G Keller Group PLC 11 June 2013 \n \n\n \nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND, THE REPUBLIC OF IRELAND, THE REPUBLIC OF SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.\n \nFor immediate release 11 June 2013\n \n \nKeller Group plc (\"Keller\" or the \"Company\") \n \nKeller announces a placing of 6,600,000 new ordinary shares at 890 pence per share\nto raise £58.7 million before expenses\n \nKeller (LSE: KLR), the international ground engineering specialist, today announces a placing of 6,600,000 new ordinary shares of 10 pence each in the share capital of the Company (the \"Placing Shares\") at 890 pence per share (the \"Placing Price\") to raise £58.7 million before expenses (the \"Placing\"). \n \nInvestec Bank plc (\"Investec\") and Jefferies International Limited (\"Jefferies\" and, together, the \"Joint Bookrunners\") are acting as joint bookrunners in connection with the Placing. \n \nThe Placing Shares represent approximately 9.9 per cent. of the Company's issued share capital immediately prior to the Placing. The Placing Price of 890 pence per share represents a 1.8 per cent. discount to the middle market closing price of 906 pence per Keller ordinary share on 10 June 2013. \n \nThe net proceeds of the Placing will be used to fund the proposed acquisition of North American Piling, from North American Energy Part...