Placing
Ashmore Group PLC
12 September 2007
Not for release, publication or distribution in or into the United States,
Canada, Japan, France, New Zealand or the Republic of Ireland
ASHMORE GROUP PLC ('Ashmore' or the 'Company')
Launch of Placing in Ashmore Shares
Ashmore today announces a secondary placing of up to 26,575,450 ordinary shares
of 0.01p in Ashmore (the 'Ashmore Shares') by an Ashmore non-executive director
and certain Ashmore employees and their related interests (the 'Placing'). The
Placing, which will be undertaken by way of an accelerated bookbuild process to
institutional investors, represents up to 3.7% of the outstanding issued share
capital of Ashmore.
Goldman Sachs International ('Goldman Sachs') and UBS Limited ('UBS') are acting
as joint global co-ordinators and bookrunners for the Placing.
The sale price will be determined and announced after closing of the Placing.
The timing of closing of the Placing will be determined in due course by Goldman
Sachs and UBS.
Immediately prior to the launch of the Placing, Ashmore's directors, employees
and their related interests were interested, in aggregate, in 514,315,101
Ashmore Shares representing approximately 72.5% of Ashmore's issued share
capital of which 514,048,900 Ashmore Shares (72.5%) were covered by lock-in
arrangements entered into at the time of the Company's IPO in October 2006 (the
'Lock-in Arrangements'). Assuming the Placing is completed in full, Ashmore's
directors and employees and their related interests will be interested in, in
aggregate, 487,739,651 Ashmore Shares representing approximately 68.8% of
Ashmore's issued share capital, of which 342,699,267 Ashmore Shares (48.3%) will
continue to be governed by the Lock-in Arrangements on a reducing basis until
the release of the Company's results for the twelve month period to 30th June
2009. Dealings in Ashmore Shares by Ashmore directors and employees are also
governed by Ashmore's code for dealing in securities.
Enquiries
Goldman Sachs
Joshua Critchley +44 20 7774 3109
UBS
Adrian Lewis +44 20 7568 2240
Penrose Financial
Gay Collins +44 20 7786 4888
Members of the public are not eligible to take part in the Placing. In the
United Kingdom, this announcement, in so far as it constitutes an invitation or
inducement to participate in the Placing, is directed exclusively at persons
whose ordinary activities involve them in acquiring, holding managing, and
disposing of investments (as principal or agent) for the purposes of their
business and who have professional experience in matters relating to investments
and who are qualified investors as defined in section 86(7) of the Financial
Services and Markets Act 2000 ('FSMA') or are persons falling within Article 19
(5) of the Financial Services and Markets Act (Financial Promotion) Order 2005,
as amended (the 'Order') or persons falling within Article 49(2)(a) to (d)
'High net worth companies, unincorporated associations, etc') of the order (all
such persons being referred to as 'Relevant Persons'). This announcement, in so
far as it constitutes an invitation or inducement to participate in the Placing,
must not be acted on or relied on by persons who are not Relevant Persons. Any
investment or investment activity to which this announcements relates is
available only to Relevant Persons and will be engaged in only with Relevant
Persons. As regards all persons other than Relevant Persons, the details of the
Placing set out in this announcement are for information purposes only.
Goldman Sachs and UBS do not accept any responsibility whatsoever for the
contents of this announcement or for any statement made or purported to be made
by either of them or on their behalf in connection with the Placing. Each of
Goldman Sachs and UBS accordingly disclaims all and any liability whether
arising in tort, contract or otherwise which either of them might otherwise have
in respect of this announcement or any such statement. Goldman Sachs and UBS
are acting as joint global co-ordinators and bookrunners to Ashmore in relation
to for the Placing and no-one else and will not be responsible to anyone other
than Ashmore for providing the protections offered to clients of Goldman Sachs
and UBS or for providing advice in relation to the Placing or the contents of
this announcement.
This announcement does not constitute an offer for sale of the Ashmore Shares in
the United States, and the Ashmore Shares may not be sold in the United States
absent registration or an exemption from registration under the U.S. Securities
Act of 1933, as amended (the 'Securities Act'). The Ashmore Shares being sold in
the Placing have not and will not be registered under the Securities Act or
under the laws of any state of the United States.
This announcement is not for distribution directly or indirectly in or into the
United States, Canada, Australia, Japan, France, New Zealand or the Republic of
Ireland. This announcement does not constitute an offer to sell or issue or the
solicitation of an offer to buy or acquire Ashmore Shares in Canada, Australia,
Japan, France, New Zealand or the Republic of Ireland or any jurisdiction in
which such an offer or solicitation is unlawful.
This information is provided by RNS
The company news service from the London Stock Exchange