First Day of Dealings

RNS Number : 6509K

Nexus Infrastructure PLC

11 July 2017

 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES OF AMERICA, CANADA, JAPAN, THE REPUBLIC OF IRELAND, AUSTRALIA OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

THIS ANNOUNCEMENT IS NOT AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION.  PARTICIPANTS IN THE PLACING OF EXISTING ORDINARY SHARES BY NEXUS INFRASTRUCTURE PLC SHOULD NOT SUBSCRIBE FOR OR PURCHASE ANY TRANSFERABLE SECURITIES REFERRED TO IN THIS ANNOUNCEMENT EXCEPT ON THE BASIS OF INFORMATION IN THE ADMISSION DOCUMENT (THE "ADMISSION DOCUMENT") PUBLISHED BY NEXUS INFRASTRUCTURE PLC ON 6 JULY 2017 IN CONNECTION WITH THE PROPOSED ADMISSION OF ITS ORDINARY SHARES TO TRADING ON AIM, A MARKET OPERATED BY LONDON STOCK EXCHANGE PLC ("ADMISSION").

This announcement is not an offer to sell, or a solicitation of an offer to acquire, securities in any jurisdiction.

Tuesday 11 July 2017

Nexus Infrastructure plc

("Nexus" or the "Company")

First Day of Dealings

Nexus Infrastructure plc, a leading provider of specialised infrastructure services to the UK housebuilding and commercial sectors, is pleased to announce that Admission and dealings in its ordinary shares of £0.02 each ("Ordinary Shares") on the AIM market of the London Stock Exchange will commence at 08.00 am today under the ticker NEXS and ISIN number GB00BZ77SW60.

The total number of Ordinary Shares in the Company in issue immediately following Admission will be 38,117,850 each with equal voting rights. The total voting rights figure can be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change of their interest in, the Company under the Disclosure, Guidance and Transparency Rules of the Financial Conduct Authority. Copies of the Admission Document are available at the registered office of the Company, subject to applicable securities laws or regulation, and can also be found at www.nexus-infrastructure.com.

Michael Morris, Chief Executive Officer of Nexus Infrastructure plc, said:

"We are delighted to announce the successful completion of our IPO on the AIM Market of the London Stock Exchange and by the interest shown in Nexus by investors. As a quoted company we look forward to the future with confidence and to continuing to deliver long term value creation for all our stakeholders.

A key factor behind the success of the business has been the hard work, professionalism and enthusiasm of our staff and I would like to record my thanks to them on this important day."

Enquiries:

Nexus Infrastructure plc Michael Morris, Chief Executive                Officer Alan Martin, Chief Financial Officer	Tel: [phone]
Numis Securities Limited (Nominated Adviser & Broker) Oliver Hardy (Nomad)                   Heraclis Economides      Ben Stoop	Tel: [phone]
Financial Public Relations Camarco Ginny Pulbrook Tom Huddart	Tel: [phone]

Forward looking statements

All statements, other than statements of historical facts, included in this announcement, including, without limitation, those regarding the Company's financial position, business strategy, plans and objectives of management for future operations or statements relating to expectations in relation to dividends or any statements preceded by, followed by or that include the words "targets", "believes", "expects", "aims", "intends", "plans", "will", "may", "anticipates", "would", "could" or similar expressions or the negative thereof, are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the Company's control that could cause the actual results, performance, achievements of or dividends paid by the Company to be materially different from actual results, performance or achievements, or dividend payments expressed or implied by such forward looking statements. Such forward-looking statements are based on numerous assumptions regarding the Company's net asset value, present and future business strategies and income flows and the environment in which the Company will operate in the future. These forward-looking statements speak only as of the date of this announcement. The Company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with regard thereto, any new information or any change in events, conditions or circumstances on which any such statements are based, unless required to do so by law or any appropriate regulatory authority. Prospective investors are strongly recommended to read the risk factors set out in Part III of the Admission Document for a more complete discussion of the factors that could affect the Company's future performance and the industry in which the Group operates. In light of these risks, uncertainties and assumptions, the events described in the forward-looking statements in this announcement may not occur. The forward-looking statements contained in this announcement speak only as at the date of this announcement. The Company undertakes no obligation to update or revise publicly the forward-looking statements contained in this announcement to reflect any change in expectations or to reflect events or circumstances occurring or arising after the date of this announcement, except as required in order to comply with its legal and regulatory obligations (including under the AIM Rules for Companies).

Important notices

This announcement is not an Admission Document. This announcement is for information purposes only and does not itself constitute an offer or invitation to underwrite, subscribe for or otherwise acquire or dispose of any securities in the Company and does not constitute investment advice. Participants in the Placing should not subscribe for or purchase any securities referred to in this announcement except on the basis of information in the Admission Document. In the event of any discrepancy between this announcement and the Admission Document, the Admission Document will prevail. The information contained in this announcement is for background purposes only and does not purport to be full or complete. It is not the purpose of this announcement to provide, and you may not rely on this announcement as providing, a complete and comprehensive analysis of the Group's financial or commercial position or prospects.  No reliance may or should be placed for any purposes whatsoever on the information contained in this announcement or its accuracy, completeness or fairness. The information in this announcement is subject to change. However, neither the Company nor Numis Securities Limited undertakes to update this announcement or to correct any inaccuracies.  This announcement has not been approved by any competent regulatory authority.

Members of the public are not eligible to participate in the Placing.  This announcement is being distributed only to and directed only at persons in member states of the European Economic Area who are qualified investors within the meaning of article 2(1)(e) of the Prospectus Directive ("Qualified Investors"). In addition, in the United Kingdom, this announcement is being distributed only to and directed only at Qualified Investors (i) who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 ("Order") (investment professionals), or (ii) who fall within Article 49(2)(a) to (d) of the Order (high net worth companies, unincorporated associations etc.) or (iii) persons to whom it is otherwise lawful to distribute it, (all such persons referred to above being "Relevant Persons"). The term "Prospectus Directive" means Directive 2003/71/EC as amended and includes any relevant implementing measures in each member state of the European Economic Area. 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.

This announcement does not contain or constitute an offer of, or the solicitation of an offer to buy or subscribe for, securities to any person in any jurisdiction including the United States, Canada, Japan, the Republic of Ireland, Australia or South Africa or in any other jurisdiction to whom or in which such offer or solicitation is unlawful.  Neither this announcement nor any copy of it may be taken or transmitted, published or distributed, directly or indirectly, into the United States, Canada, Japan, the Republic of Ireland, Australia or South Africa where to do so would constitute a violation of the relevant securities laws of such jurisdiction.  The securities referred to herein have not been registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or under the securities legislation of any state or territory or jurisdiction of the United States and may not be offered, sold, transferred or delivered, directly or indirectly, in or into the United States absent registration under the U.S. Securities Act or an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There will be no public offer of the securities in the United States. Subject to certain exceptions, the securities referred to herein may not be offered or sold in Canada, Japan, the Republic of Ireland, Australia or South Africa or to, or for account or benefit of any national, resident or citizen of Canada, Japan, the Republic of Ireland, Australia or South Africa. The Placing referred to herein has not been and will not be registered under the applicable securities laws of Canada, Japan, the Republic of Ireland, Australia or South Africa.  The distribution of this announcement in other jurisdictions may be restricted by law and persons into whose possession this announcement comes should inform themselves about, and observe any such restrictions.  Neither this announcement nor any part of it nor the fact of its distribution shall form the basis of or be relied on in connection with or act as an inducement to enter into any contract or commitment whatsoever.

Investments to which this announcement relates may expose an investor to a significant risk of losing all of the amount invested. Persons considering investment in such investments should consult an authorised person specialising in advising on such investments. This announcement does not constitute a recommendation concerning the Placing. The value of shares can decrease as well as increase. Potential investors should consult a professional adviser as to the suitability of the Placing for the person concerned.  Past performance cannot be relied upon as a guide to future performance.

Numis Securities Limited ("Numis") is authorised and regulated by the Financial Conduct Authority in the United Kingdom. Numis is acting as the Company's nominated adviser and broker for the purposes of the AIM Rules for Companies in connection with the Placing and Admission. Numis' responsibilities as nominated adviser are owed solely to the London Stock Exchange plc and are not owed to the Company or any of its directors. In its capacity of nominated adviser and broker, Numis will not be responsible to anyone other than the Company for providing the protections afforded to clients of Numis or for advising any other person in connection with the transaction and arrangements detailed in this document. Numis accepts no liability whatsoever for the accuracy of any information or opinions contained in, or for the omission of any material information from, this document. Numis is not responsible for, nor has it authorised the contents of, any part of this document. Numis makes no representation or warranty, express or implied, concerning the contents of the admission document, including its accuracy, completeness or verification, or concerning any other statement made or  purported to be made by it, or on its behalf, in connection with the Company or the Ordinary Shares.

Apart from the responsibilities and liabilities, if any, which may be imposed on Numis by the Financial Services and Markets Act 2000 (as amended) or the regulatory regime established thereunder, Numis does not accept any responsibility whatsoever for the contents of this announcement, including its accuracy, completeness or verification or for any other statement made or purported to be made by it, or on its behalf, in connection with the Company, the Ordinary Shares or the Placing and Admission. Numis accordingly disclaims all and any liability whether arising in tort, contract or otherwise (save as referred to above) in respect of this announcement or any such statement.

Neither the content of the Company's website (or any other website) nor the content of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.

 

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