PROPOSED SECONDARY PLACING OF

RNS Number : 6187U

Rightmove Plc

16 May 2008

 

16 May 2008

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION INTO OR IN THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN 

PROPOSED SECONDARY PLACING OF ORDINARY SHARES IN RIGHTMOVE PLC ('RIGHTMOVE') 

UBS Limited ('UBS') and Numis Securities Limited ('Numis') announce an accelerated bookbuild secondary placing of up to approximately 16.2 million ordinary shares in Rightmove, subject to demand, price and market conditions.

The amount of the Placing proceeds, the number of ordinary shares in the Placing ('Placing Shares') and the placing price will be decided at the close of the accelerated bookbuilding period following agreement between UBS, Numis and the selling shareholder, and a further announcement will be made at that time.

The books for the Placing will open with immediate effect. Pricing and allocations are expected to be announced as soon as practicable following the closing of the books. The timing of closing of the books will be at the absolute discretion of UBS and Numis.

Enquires: 

UBS Limited, Tel: [phone] 

Peter Luck

Numis Securities Limited, Tel: [phone]

Michael Meade

James Serjeant

UBS Limited ('UBS') is acting on the placing and will not be responsible to anyone other its client for providing the protections afforded to its clients, nor for providing advice in relation to the placing, the contents of this announcement, or any transaction or arrangement referred to herein.

Numis Securities Limited ('Numis') is acting on the placing and will not be responsible to anyone other than its client for providing the protections afforded to its clients, nor for providing advice in relation to the placing, the contents of this announcement, or any transaction or arrangement referred to herein.

 

END

 

 

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