Result of Open Offer

RNS Number : 8418C

Aminex PLC

14 March 2011

 



NOT FOR FORWARDING, RELEASE, PUBLICATION OR DISTRIBUTION IN PART OR IN WHOLE DIRECTLY OR INDIRECTLY IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND, SOUTH AFRICA OR SWITZERLAND OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

Aminex PLC ("Aminex" or "the Company")

Result of Open Offer

Following the 1 for 6 Open Offer announced by Aminex on 2 February 2011 (the "Open Offer") which closed at 11.00 a.m. on 11 March 2011, the Company announces that applications have been received for 96,114,763  New Ordinary Shares and accordingly the Open Offer was oversubscribed by approximately 27%. All entitlements will be met and excess applications will be scaled back pro rata.  Consequently, 75,667,727 Open Offer Shares will be issued under the Open Offer.

Application has been made to the Irish Stock Exchange and to the UK Listing Authority for 75,667,727 New Ordinary Sharesto be issued pursuant to the Open Offer to be admitted to the Official List of the Irish Stock Exchange and the Official List maintained by the UK Listing Authority. Application has also been made to the Irish Stock Exchange and the London Stock Exchange for admission of such New Ordinary Sharesto trading on their respective main markets for listed securities.  It is expected that Admission will become effective and that dealings in the New Ordinary Shares will commence at 8.00 a.m. on 15 March 2011.

Unless otherwise defined, capitalised terms in this announcement have the same meaning as in the Prospectus dated 17 February 2011.

For further information:
Aminex
Brian Hall, Chairman	Tel: [phone]
Davy
John Frain / Brian Garrahy	Tel: [phone]
Shore Capital
Dru Danford / Stephane Auton	Tel: + 44 (0) 20 7408 4090
Pelham Bell Pottinger
Archie Berens	Tel: [phone]

J&E Davy (''Davy'') (each of which is regulated in Ireland by the Central Bank) and Shore Capital Stockbrokers Limited (''Shore Capital") (which is regulated in the UK by the Financial Services Authority) are acting exclusively for Aminex in connection with the Placing and Open Offer and the requirements of the Irish Stock Exchange and the UK Listing Authority and for no one else and will not be responsible to any other person for providing the protection afforded to customers of Davy or Shore Capital respectively nor for providing advice in connection with the Placing and Open Offer and this announcement.

This announcement has not been approved by the Central Bank, the Financial Services Authority or by any other regulatory authority. This announcement is for information only and does not constitute, or form part of, an offer of, or the solicitation of any offer to subscribe for or buy, any of the Ordinary Shares to be issued or sold in connection with the Placing and/or Open Offer.

The distribution of this announcement may be restricted by law.  No action has been taken that would permit the possession or distribution of this announcement in any jurisdiction where action for that purpose is required.  This announcement is an advertisement and does not constitute a prospectus or prospectus equivalent document. Nothing in this announcement should be interpreted as a term or condition of the Placing or the Open Offer.

 

END

 

 

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