Business
Result of Rights Issue
Result of Rights Issue.
About this update from Mobico Group Plc
[{"type":"text","content":"\n RNS Number : 1179E National Express Group PLC 15 December 2009 \n \nTHIS ANNOUNCEMENT (AND THE INFORMATION CONTAINED HEREIN) IS NOT FOR FORWARDING, RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR 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\n15 December 2009\n\nRESULT OF THE RIGHTS ISSUE\n\nThe Board of National Express Group PLC (\"National Express\" or the \"Company\") announces that, as at 11.00 a.m. on 14 December 2009, being the latest date and time for receipt of valid subscriptions, it had received valid acceptances in respect of 323,011,673 New Ordinary Shares, representing approximately 90.47 per cent of the total number of New Ordinary Shares offered to Shareholders pursuant to the 7 for 3 Rights Issue announced on 11 November 2009.\n\nIt is expected that the New Ordinary Shares in uncertificated form will be credited to CREST accounts on 15 December 2009 and that definitive share certificates in respect of New Ordinary Shares in certificated form will be despatched to Shareholders by no later than 24 December 2009. It is expected that the New Ordinary Shares will commence trading fully paid on London Stock Exchange plc's main market for listed securities at 8.00 a.m. today.\n\nIn accordance with their underwriting obligations in respect of the Rights Issue, the Joint Global Co-ordinators will be seeking to procure subscribers for the remaining 34,027,069 New Ordinary Shares for which valid acceptances were not received. A further announcement as to the number of New Ordinary Shares for which subscribers have been procured will be made in due course.\n\nFurther information on the rights issue is available on the Company's website http://www.nationalexpressgroup.com.\n\nDefined terms used in this announcement shall have the same meanings as in the Prospectus relating to the Rights Issue dated 11 November 2009, unless the context requires otherwise.\n\n\nENQUIRIES: \n\n\n\n\n\nNational Express Group PLC\n\n\n\n\n\n\n\nJez Maiden\n\n\n+44 20 7506 4324\n\n\n\n\nNicole Lander\n\n\n+44 121 460 8401\n\n\n\n\n\n\n\n\n\n\n\n\nMaitland (Financial PR) \n\n\n+44 20 7379 5151\n\...