Rights Issue - Result of Rump

RNS Number : 3435O

Cookson Group PLC

04 March 2009

 



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA

4 March 2009

COOKSON GROUP PLC - RESULT OF RUMP PLACING

Cookson Group plc ('Cookson') announces that JPMorgan Cazenove Limited and Merrill Lynch International, acting as joint bookrunners, have procured acquirers for the 118,036,151 new ordinary shares to be issued pursuant to the 12 for 1 rights issue announced by Cookson on 29 January 2009 (the 'Rights Issue') (the 'New Shares') for which valid acceptances were not received, at a price of 14.5 pence per New Share. 

The net proceeds from the sale of such shares after deduction of the issue price of 10 pence per New Share and the expenses of procuring acquirers will be paid to those shareholders that have not taken up their entitlements pro rata to their lapsed provisional allotments, except that individual amounts of less than £5.00 will not be paid to such persons but will be retained and will ultimately accrue for the benefit of the Company.

Contacts

Cookson Group plc                                            Tel: [phone]

Anna Hartropp, Investor Relations Manager

Media enquiries:

Hogarth                                                              Tel: [phone]

John Olsen

This announcement shall not constitute an offer to buy, sell, issue, or subscribe for, or the solicitation of an offer to buy, sell or issue, or subscribe for any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. 

This announcement has been issued by and is the sole responsibility of Cookson. No representation or warranty, express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by JPMorgan Cazenove, J.P.Morgan Securities or Merrill Lynch International or by any of their respective affiliates or agents as to or in relation to, the accuracy or completeness of this announcement or any other written or oral information made available to or publicly available to any interested party or its advisers, and any responsibility or liability therefore whether arising in tort, contract or otherwise is expressly disclaimed. 

The distribution or transmission of this announcement and offering of the New Shares pursuant to the Rights Issue to persons located or resident in, or who are citizens of, or who have a registered address other than, the United Kingdom may be affected by the laws of the relevant jurisdictions. It is the responsibility of any such person (including, without limitation, nominees and trustees) wishing to apply for New Shares under the Rights Issue to satisfy himself or herself as to the full observance of the laws of any relevant territory in connection therewith, including obtaining any governmental or other consents that may be required, observing any other formalities required to be observed in such territory and paying any issue, transfer or other taxes due in such territory. Any failure to comply with such laws may constitute a violation of the securities laws of any such jurisdiction. 

The Rights Issue will not be made, directly or indirectly, in Australia, Canada, Japan, the United States or South Africa (the 'Restricted Jurisdictions') unless by means of lawful prior registration or qualification under the applicable laws of the Restricted Jurisdiction, or under an exemption from such requirements. Accordingly, copies of this announcement, including the appendices, are not being, and must not be, mailed or otherwise distributed or sent in, into or from any Restricted Jurisdiction into which the same would be unlawful. Persons receiving this announcement (including, without limitation, custodians, nominees and trustees) must not distribute, mail or send it in, into or from any Restricted Jurisdiction, and so doing may render any purported acceptance of the Rights Issue invalid. 

These materials are not for distribution, directly or indirectly, in or into the United States (including its territories and dependencies, any State of the United States and the District of Columbia), Australia, Canada, Japan or South Africa. These materials do not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The New Shares have not been, and will not be, registered under the US Securities Act of 1933 (the 'Securities Act').

The securities may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act. There will be no public offer of the securities in the United States.

The New Shares to be issued pursuant to the Rights Issue have not been, and will not be, admitted to trading on any stock exchange other than the London Stock Exchange. 

Neither the content of Cookson's website nor any website accessible by hyperlinks on Cookson's website is incorporated in, or forms part of, this announcement. 

JPMorgan Cazenove, J.P.Morgan Securities and Merrill Lynch International are acting for Cookson and no one else in connection with the Rights Issue and will not regard any other person as a client in relation to the Rights Issue and will not be responsible to anyone other than Cookson for providing the protections afforded to their respective clients or for providing advice in relation to the Rights Issue or any matters referred to in this announcement. 

 

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