Result of Placing

RNS Number : 6819S

Ruffer Investment Company Limited

14 September 2010

 



14 September 2010

Ruffer Investment Company Limited (the "Company")

Result of Placing

On 2 September 2010, the Board announced that it had published a prospectus relating to proposals for a placing of up to £50 million of shares in the Company.

The Board is pleased to announce that applications under the placing exceeded the maximum amount available. As such, applications have been scaled back (in accordance with the scaling back provisions disclosed in the prospectus dated 2 September 2010) and the Company has raised £50 million of additional gross new monies for the Company through the issue of 26,595,744 shares.

The placing, for which Cenkos Securities plc acted as sole placing agent, has significantly increased the size of the Company and broadened its investor base, which could improve market liquidity for shareholders.

The placing is conditional upon, inter alia, the admission of the placing shares to trading on the London Stock Exchange and to the official list of the UK Listing Authority.

It is expected that Admission will become effective and dealings in the placing shares will commence on the London Stock Exchange at 8.00 a.m. on 20 September 2010.

Enquiries

Ruffer LLP

Steve Russell                  020 7963 8100

Cenkos Securities plc

Charlie Ricketts              020 7397 1910

Phil Higgs                    020 7397 1913

Dion Di Miceli                020 7397 1921

This announcement is not for distribution directly or indirectly in or into the United States of America ("United States"), Australia, Canada, the Republic of South Africa or Japan. This announcement does not constitute an offer to sell or issue or the solicitation of an offer to buy shares in the capital of Ruffer Investment Company Limited in the United States, of America ("United States"), Australia, Canada, the Republic of South Africa or Japan or any jurisdiction in which such an offer or solicitation is unlawful. The shares referred to in this announcement have not been and will not be registered under the United States Securities Act of 1933 (as amended), or under the securities laws of any state or other political sub-division of the United States or under the applicable securities laws of any of Australia, Canada, the Republic of South Africa or Japan and may not be offered or sold within the United States absent registration or an exemption from registration. No public offering of securities will be made in the United States of America ("United States"), Australia, Canada, the Republic of South Africa or Japan.

This announcement has been communicated by Cenkos Securities plc, which is authorised and regulated in the United Kingdom by the Financial Services Authority, and does not constitute an offer to sell or a solicitation of an offer to purchase any securities. The price of shares may go down as well as up and investors may not get back the full amount invested on disposal of the shares.

 

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