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Kentz Corporation (KENZ)

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Wednesday 04 April, 2012

Kentz Corporation

Completion of Placing

RNS Number : 8404A
Kentz Corporation Ltd
04 April 2012
 



 

THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL

 

SECONDARY PLACING OF ORDINARY SHARES IN KENTZ CORPORATION LIMITED ("KENTZ" OR "THE COMPANY")

4 April 2012

Further to the announcement at 07.00 this morning, the Board of Kentz announces it has been notified that Kerbet Limited ("Kerbet") has sold 15 million existing ordinary shares of 1 pence each in the Company. This represents 12.89 per cent. of the total issued share capital of Kentz. The shares were sold to institutional investors via an accelerated bookbuild secondary placing (the "Placing") managed by Investec and UBS. The shares were placed at a price of 430p per share. The size of the Placing was increased from 12 million shares to 15 million shares as a result of strong institutional demand.

Kerbet represents the holdings of Tan Sri Mohd Razali Abdul Rahman and Hassan Abas who are both Non-executive directors of Kentz. Tan Sri Mohd Razali Abdul Rahman is also Chairman of the Company. Kerbet continues to hold 15.875 million existing ordinary shares of 1 pence each in the Company representing 13.64 per cent. of the current issued ordinary share capital of Kentz.

Under the terms of the placing agreement, Kerbet has agreed that, following completion of the Placing, it will not dispose of further shares in the Company for a period of at least six months from the date of this announcement.

 

Enquiries:



Kentz Corporation Limited

Elizabeth Rous

Catriona Nugent

 

+44 (0) 20 3159 4000

Investec

Alex Snow

Chris Sim

+44 (0) 20 7597 5970

 

UBS                                                                 +44 (0)20 7567 8000  

Christopher Smith

James Robertson

Alex Bloch

THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL

 

This Announcement has been issued by and is the sole responsibility of the Company. No representation or warranty, express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by Investec or by any of its respective affiliates or agents as to or in relation to, the accuracy or completeness of this Announcement or any other written or oral information made available to or publicly available to any interested party or its advisers, and any liability therefore is expressly disclaimed.

 

Investec, which is authorised and regulated by the Financial Services Authority, is acting for the Company in connection with the Placing and will not be responsible to anyone other than Kerbet Limited for providing the protections afforded to the clients of Investec nor for providing advice in relation to the Placing or any other matter referred to herein.

 

This announcement is for information purposes only and the distribution of this Announcement and the Placing of the Placing Shares in certain jurisdictions may be restricted by law. No action has been taken by the Company or Investec that would permit an offering of such shares or possession or distribution of this Announcement or any other offering or publicity material relating to such shares in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes are required by the Company and Investec to inform themselves about, and to observe, such restrictions.

 

The information in this Announcement shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, the securities referred to herein in any jurisdiction in which such offer, solicitation or sale would require preparation of any prospectus or other offer documentation, or be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.

 

This announcement is only addressed to and directed at persons who are (1) qualified investors within the meaning of directive 2003/71/ec and any relevant implementing measures (the prospectus directive) and (2) who have professional experience in matters relating to investments who fall within article 19(1) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or are persons falling within article 49(2)(a) to (d) ("High Net Worth Companies, Unincorporated Associations, etc") of the Order (all such persons together being referred to as "relevant persons"). The information regarding the Placing set out in this announcement must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this announcement relates is available only to relevant persons and will be engaged in only with relevant persons.

No public offer of securities of the Company is being made in the United Kingdom, the United States, Canada or elsewhere. The information in this Announcement does not constitute or form a part of any offer or invitation to acquire or dispose of any securities of Kentz, or constitute a solicitation of any offer to purchase or subscribe for securities in any jurisdiction, including the United States, Canada, Australia or Japan or elsewhere.

 

The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933 (the "Securities Act") nor the security laws of any state or other jurisdiction of the United States. The securities mentioned herein may not be directly or indirectly offered or sold in the United States except pursuant to an exemption from, or transaction not subject to, the registration requirements of the Securities Act. There will be no public offer of securities in the United States.

 

The information in this Announcement may not be forwarded or distributed to any other person and may not be reproduced in any manner whatsoever. Any forwarding, distribution, reproduction, or disclosure of this information in whole or in part is unauthorised. Failure to comply with this directive may result in a violation of the Securities Act or the applicable laws of other jurisdictions.

 

 


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