Stabilisation Notice

RNS Number : 6290I

Vallares PLC

17 June 2011

 



Vallares plc - Stabilisation Notice

17 June 2011

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE DIRECTLY OR INDIRECTLY IN OR INTO THE UNITED STATES OF AMERICA, CANADA, JAPAN OR AUSTRALIA

Vallares plc Offering of 133,000,000 Ordinary Shares

Stabilisation Notice

Credit Suisse Securities (Europe) Limited (contact: Nicolas Meer; telephone: [phone]) hereby gives notice that the Stabilising Manager named below may stabilise the offer of the following securities in accordance with Article 9(3) of Commission Regulation (EC) No. 2273/2003 implementing the Market Abuse Directive (2003/6/EC).

The securities:

Issuer:  Vallares plc

Shares:   Ordinary Shares of the Issuer (ISIN No. JE00B55Q3P39)

Offering size:  133,000,000 Ordinary Shares

Offer price:  £10 per Ordinary Share

Stabilisation:

Stabilising Manager:  Credit Suisse Securities (Europe) Limited

Stabilisation period expected to commence at:  8.00 am on 17 June 2011

Stabilisation period expected to end no later than:  15 July 2011

Maximum size of over-allotment facility:  10,000,000 Ordinary Shares

Greenshoe Option:

Terms:  The Over-allotment Shareholders have granted Credit Suisse Securities (Europe) Limited, in its capacity as stabilisation manager and for the account of the underwriters, the option to acquire, or procure acquirers for, up to an additional 10,000,000 Ordinary Shares.

Duration:  This option may be exercised in whole or in part on one or more occasions at any time from 17 June 2011 to 15 July 2011

DISCLAIMERS

This announcement is not for publication or distribution, directly or indirectly, in or into the United States (including its territories and possessions, any State of the United States and the District of Columbia), Australia, Canada or Japan. The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

This announcement does not contain or constitute an offer of, or the solicitation of an offer to buy or subscribe for, Ordinary Shares to any person in the United States, Australia, Canada or Japan or in any jurisdiction to whom or in which such offer or solicitation is unlawful.

The Ordinary Shares referred to herein may not be offered or sold in the United States unless registered under the US Securities Act of 1933 (the "US Securities Act") or offered in a transaction exempt from, or not subject to, the registration requirements of the US Securities Act.  Any offer and sale of Ordinary Shares referred to herein has not been and will not be registered under the US Securities Act or under the applicable securities laws of Australia, Canada or Japan. There will be no public offer of the Ordinary Shares in the United States, Australia, Canada or Japan. Subject to certain exceptions, the Ordinary Shares referred to herein may not be offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada or Japan.

 

END

 

 

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