Business
Rights Issue - Result of Rump
Rights Issue - Result of Rump.
About this update from Vesuvius Plc
[{"type":"text","content":"\n RNS Number : 3435O Cookson Group PLC 04 March 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 OR SOUTH AFRICA\n\n\n4 March 2009\n\n\nCOOKSON GROUP PLC - RESULT OF RUMP PLACING\n\nCookson Group plc ('Cookson') announces that JPMorgan Cazenove Limited and Merrill Lynch International, acting as joint bookrunners, have procured acquirers for the 118,036,151 new ordinary shares to be issued pursuant to the 12 for 1 rights issue announced by Cookson on 29 January 2009 (the 'Rights Issue') (the 'New Shares') for which valid acceptances were not received, at a price of 14.5 pence per New Share. \n\nThe net proceeds from the sale of such shares after deduction of the issue price of 10 pence per New Share and the expenses of procuring acquirers 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 retained and will ultimately accrue for the benefit of the Company.\n\nContacts\nCookson Group plc Tel: +44 (0)20 7822 0000\nAnna Hartropp, Investor Relations Manager\n\nMedia enquiries:\nHogarth Tel: +44 (0)20 7357 9477\nJohn Olsen\n\n\nThis announcement shall not constitute an offer to buy, sell, issue, or subscribe for, or the solicitation of an offer to buy, sell or issue, or subscribe for any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. \n \nThis announcement...