Business
Result of Placing and Open Of
Result of Placing and Open Of.
About this update from Sig Plc
[{"type":"text","content":"\n RNS Number : 3918Q SIG PLC 08 April 2009 \n \nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR SOUTH AFRICA. \n\nThis announcement is not an offer of securities for sale in the United States. The securities discussed herein have not been and will not be registered under the US Securities Act of 1933, as amended (the 'US Securities Act') and may not be offered or sold in the United States absent registration or an exemption from registration under the US Securities Act. No public offering of the securities discussed herein is being made in the United States and the information contained herein does not constitute an offering of securities for sale in the United States, Canada, Australia, Japan or South Africa.\n\nSIG plc\n\n8 April 2009 \n\nResult of Placing and Open Offer and Firm Placing\nOn 18 March 2009, the Board of Directors of SIG plc ('SIG' or the 'Company') announced details of a proposed Placing and Open Offer and Firm Placing to raise approximately £325 million (net of expenses) through the issue of 455,047,973 New Ordinary Shares at an Issue Price of 75 pence per New Ordinary Share, with 213,345,345 New Ordinary Shares to be issued through the Placing and Open Offer and 241,702,628 New Ordinary Shares to be issued through the Firm Placing. \nThe Open Offer closed for acceptance at 11a.m. on 8 April 2009. SIG is pleased to announce that it has received valid acceptances under the Open Offer in respect of 191,045,736 Open Offer Shares from Qualifying Shareholders. This represents approximately 89.55 per cent. of the Open Offer Shares offered pursuant to the Open Offer.\nAccordingly, the remaining 22,299,609 Open Offer Shares, representing approximately 10.45 per cent. of the Open Offer Shares issued through the Placing and Open Offer, have been allocated to the investors with whom they had been conditionally placed. \nThe Placing and Open Offer and Firm Placing is conditional upon, amongst other things, the approval of Shareholders at the Extraordinary Gen...