Business
Completion of Rights Issue
Completion of Rights Issue.
About this update from Marshalls Plc
[{"type":"text","content":"\n RNS Number : 9612T Marshalls PLC 16 June 2009 \n \nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA, MALTA, NEW ZEALAND OR ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.\n\nMarshalls plc\n\n16 June 2009\n\nSuccessful completion of Rights Issue and placing of rump\n\nMarshalls plc ('Marshalls' or 'the Company') announced previously that it had received valid acceptances in respect of 50,885,764 New Ordinary Shares, representing approximately 90.4 per cent of the total number of New Ordinary Shares offered to Qualifying Shareholders, pursuant to the Rights Issue announced by the Company on 13 May 2009. \n \nMarshalls confirms that, in accordance with the arrangements set out in Part III of the prospectus sent to shareholders dated 13 May 2009 ('Prospectus'), Citi and Numis have procured subscribers for the 5,386,737 remaining New Ordinary Shares, for which valid acceptances were not received, at a price of 83.0 pence per share. \n \nThe net proceeds from the sale of such New Ordinary Shares, after deduction of the Rights Issue Price and relevant costs (including any applicable brokerage and commissions and amounts in respect of VAT which are not recoverable), 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 and fractions of a pence 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\nContacts\nFor further information please contact:\n\nMarshalls plc Tel: +44(0) 1484 438 900\nGraham Holden, Chief Executive\nIan Burrell, Finance Director\n\nBrunswick Group LLP Tel: +44(0) 207 404 5959\nJon Coles\nKate Miller\n\nThis announcement does not contain or constitute an offer of, or the solicitation of an offer to buy or subscribe for, securities to any person in Australia, Canada, ...