Business
Result of Rump Placing
Result of Rump Placing.
About this update from Mobico Group Plc
[{"type":"text","content":"\n RNS Number : 1245E 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 RUMP PLACING\n\nNational Express Group PLC (\"National Express\" or the \"Company\") announces that BofA Merrill Lynch and Morgan Stanley, acting as Joint Global Co-ordinators, have today procured subscribers for the remaining 34,027,069 New Ordinary Shares for which valid acceptances were not received, at a price of 180 pence per New Ordinary Share.\n\nThe net proceeds after deduction of the Issue Price of 105 pence per New Ordinary Share and the expenses of procuring subscribers (including any brokerage, commission and payments in relation to VAT) will be paid to those shareholders that have not taken up their entitlements pro rata to their lapsed provisional allotments, except that individual amounts of less than £5.00 will not be paid to such persons but will be aggregated and retained for the benefit of the Company.\n\nFurther information on the rights issue is available on the Company's website http://www.nationalexpressgroup.com.\n \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\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\n\n\n\nNeil Bennett \n\n\n\n\n\n\n\nGeorge Hudson\n\n\n\n\n\n\n\n\nUnless otherwise stated references to time contained in this announcement are to UK time. This announcement has been issued by and is the sole responsibility of National Express.\n\nIMPORTANT NOTICE:\n\nThis announcement is for information purposes only and shall not constitute a...