Business
Results of Rump Placing
Results of Rump Placing.
About this update from Marks And Spencer Group Plc
[{"type":"text","content":"\n \nRNS Number : 1056C Marks & Spencer Group PLC 13 June 2019 \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, THE ABU DHABI GLOBAL MARKET, THE DUBAI INTERNATIONAL FINANCIAL CENTRE, ISRAEL, HONG KONG, JAPAN, THE PEOPLE'S REPUBLIC OF CHINA, NEW ZEALAND, SINGAPORE, SOUTH AFRICA, SWITZERLAND OR THE UNITED ARAB EMIRATES OR ANY OTHER STATE OR JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.\n \nTHIS ANNOUNCEMENT IS AN ADVERTISEMENT AND DOES NOT CONSTITUTE A PROSPECTUS OR PROSPECTUS EQUIVALENT DOCUMENT. NOTHING IN IT SHALL CONSTITUTE AN OFFERING OF ANY SECURITIES. ANY DECISION TO PURCHASE, SUBSCRIBE FOR, OTHERWISE ACQUIRE, SELL OR OTHERWISE DISPOSE OF ANY PROVISIONAL ALLOTMENT LETTER, NIL PAID RIGHTS, FULLY PAID RIGHTS, AND/OR NEW ORDINARY SHARES MUST BE MADE ONLY ON THE BASIS OF THE INFORMATION CONTAINED IN AND INCORPORATED BY REFERENCE INTO THE PROSPECTUS.\n \n13 June 2019\nFor immediate release\n \n \nMARKS AND SPENCER GROUP PLC \nRESULTS OF RUMP PLACING\n \n \nFollowing the announcement on 13 June 2019 regarding valid acceptances under the fully underwritten Rights Issue announced by Marks and Spencer Group plc (\"M&S\" or the \"Company\") on 22 May 2019, the Company confirms that Morgan Stanley & Co. International plc, BNP PARIBAS, HSBC Bank plc and Shore Capital Stockbrokers Limited, in their capacity as Underwriters, have procured subscribers for all of the 48,269,255 New Ordinary Shares for which valid acceptances were not received, representing approximately 14.86 per cent. of the New Ordinary Shares, at a price of 211 pence per New Ordinary Share. Capitalised terms used but not defined herein have the meanings assigned to them in the prospectus published on 24 May 2019 (the \"Prospectus\").\n \nThe net proceeds from the placing of such New Ordinary Shares (after the deduction of the Issue Price of 185 pence per New Ordinary Share and the expenses of procuring subscribers including any applicable brokerage and commissions and amounts in respect of VAT which are not recoverable) will be paid (without interest) to those persons 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 t...