Publication of Prospectus

RNS Number : 1279V

Lookers PLC

03 July 2009

 



THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OF THEIR RESPECTIVE TERRITORIES OR THE UNITED STATES ('RESTRICTED JURISDICTIONS'). NOTHING IN THIS ANNOUNCEMENT IS AN OFFER OF SECURITIES FOR SALE IN OR INTO THE UNITED STATES OR ANY OTHER RESTRICTED JURISDICTION OF ANY SECURITIES REFERENCED HEREIN. SUCH SECURITIES MAY NOT BE OFFERED OR SOLD IN OR INTO THE UNITED STATES ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION UNDER THE US SECURITIES ACT OF 1933. NO PUBLIC OFFERING OF THE SECURITIES IS BEING OR WILL BE MADE IN OR INTO THE UNITED STATES. 

Lookers plc ('the Company') 

3 July 2009 

Publication of Prospectus and Expected Timetable

Further to the Company's announcement on 26 June 2009 in relation to a share issue to raise gross proceeds of GBP80.7 million (approximately GBP76.5 million net of expenses) through the issue of 201,856,192 New Ordinary Shares by way of a Firm Placing and Placing and Open Offer at a price of 40 pence per New Ordinary Share, the Company announces that a prospectus relating to the Firm Placing and Placing and Open Offer (the 'Prospectus') was approved by the UK Listing Authority (the 'UKLA') earlier today. 

The Prospectus will be posted to Shareholders today, and copies of the Prospectus, which includes a notice convening a general meeting of the Company to be held at the office of Mayer Brown International LLP, 201 Bishopsgate, London EC2M 3AF at 10.30 a.m. on 22 July 2009, will shortly be available for inspection at the UKLA's Document Viewing Facility, which is situated at Financial Services Authority, 25 The North Colonnade, Canary Wharf, London E14 5HS. 

In addition, the Prospectus will shortly be available to view on the Company's website (www.lookers.co.uk) and will be available for inspection at the office of Mayer Brown International LLP, 201 Bishopsgate, London EC2M 3AF. 

Expected timetable of principal events:

Event	Time and/or date
Publication of the Prospectus and posting of the Prospectus, Form of Proxy and the Non-CREST Application Form	3 July 2009
Open Offer Entitlements credited to CREST stock accounts of Qualifying CREST Shareholders	8.00 a.m. 6 July 2009
Recommended latest time for requesting withdrawal of Open Offer Entitlements from CREST	4.30 p.m. on 14 July 2009
Latest time for depositing Open Offer Entitlements into CREST	3.00 p.m. on 15 July 2009
Latest time and date for splitting Non-CREST Application Forms (to satisfy bona fide market claims only)	3.00 p.m. on 16 July 2009

Latest time for receipt of completed Non-CREST Application Forms and payment in full under the Open Offer or settlement of relevant CREST instructions (as appropriate)	11.00 a.m. on 20 July 2009
Latest time for receipt of Forms of Proxy	10.30 a.m. on 20 July 2009
General Meeting	10.30 a.m. on 22 July 2009
Admission of, and commencement of dealings in the New Ordinary Shares	8.00 a.m. on 23 July 2009
New Ordinary Shares in uncertificated form expected to be credited to accounts in CREST	8.00 a.m. on 23 July 2009
Expected date of despatch of definitive share certificates for New Ordinary Shares in certificated form	6 August 2009

Capitalised terms in this announcement have the same meaning as in the announcement dated 26 June 2009. 

For further information, please contact:

Lookers plc [phone]

Ken Surgenor

Peter Jones

Robin Gregson

Rothschild [phone]

Richard Bailey 

Bod Buckby 

Numis [phone]

Chris Wilkinson

Oliver Cardigan

Nick Harland

Hudson Sandler [phone]

Andrew Hayes

Kate Hough

 

END

 

 

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