Business
First Day of Dealings
First Day of Dealings.
About this update from Shearwater Group Plc
[{"type":"text","content":"\n Scott Wilson Group plc\n15 March 2006\n\n\n\n\n\n NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE IN OR INTO THE\n UNITED STATES, CANADA, AUSTRALIA OR JAPAN.\n\nThis is an advertisement and not a prospectus. Investors should not subscribe\nfor the shares referred to in this advertisement except on the basis of the\ninformation contained in the prospectus. The prospectus has been approved by the\nUK Listing Authority. This advertisement has not been so approved. Copies of the\nprospectus are available from Brewin Dolphin Securities Limited (\"Brewin\nDolphin\") 7 Drumsheugh Gardens, Edinburgh, EH3 7QH and\nwww.corporatebroking.brewin.co.uk.\n\n\nFor immediate release Wednesday, 15 March 2006\n\n \n Scott Wilson Group plc\n\n First day of dealings - admission to the Official List and to trading on the\n London Stock Exchange\n\n Market capitalisation of £112 million at placing price of 158 pence per share\n\n\nScott Wilson Group plc (\"Scott Wilson\" or \"the Company\"), the international\nconsultancy offering integrated professional services for civil and structural\nengineering projects, transportation, environmental studies and institutional\ndevelopment, is pleased to announce completion of its admission to the Official\nList and that unconditional dealings in its ordinary shares on the London Stock\nExchange (\"Admission\") commenced at 8.00am today.\n\nBrewin Dolphin acted as Sponsor and Financial Adviser in relation to the Placing\nand Admission.\n\nPlacing highlights:\n\n• Brewin Dolphin, the Company's broker, placed approximately 43.1 million ordinary\n shares raising approximately £68.1 million before expenses for the Company, and\n also placed approximately 2.2 million ordinary shares raising approximately\n £3.5 million on behalf of selling shareholders.\n\n• The shares were placed with a wide range of institutional and professional\n investors in the United Kingdom, having been oversubscribed at the higher\n end of expectations.\n\n• Scott Wilson has a market capitalisation of approximately £112 million on\n Admission. The percentage of the enlarged issued ordinary share capital that\n was the subject to the Placing (\"the free float\") is approximately 63.9%.\n\n• Scott Wilson will be included in the Support Services sector and has an EPIC\n code of SWG.L.\n\n• The Placing has raised approximately £68....