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National Express (NEX)

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Thursday 12 November, 2009

National Express

Publication of Prospectus

RNS Number : 3826C
National Express Group PLC
12 November 2009
 



THIS ANNOUNCEMENT (AND THE INFORMATION CONTAINED HEREIN) IS NOT FOR FORWARDING, RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION


National Express Group PLC 


11 November 2009


Publication of Prospectus


Further to its announcement today of fully underwritten 7 for 3 rights issue to raise net proceeds of approximately £360 million through the issue of up to 357,043,390 new ordinary shares at 105 pence each (the "Rights Issue")National Express Group PLC ("National Expressor the "Company") announces that a prospectus relating to the Rights Issue (the "Prospectus") was approved by the UK Listing Authority (the "UKLA") earlier today and has been posted to Qualifying Shareholders


Copies of the Prospectus, which include a notice convening an Extraordinary General Meeting of the Company to be held at the offices of Ashurst LLP, Broadwalk House, 5 Appold Street, London EC2A 2HA at 11.00 a.m. on 27 November 2009are available for inspection at the UKLA's Document Viewing Facility, which is situated at Financial Services Authority, 25 North Colonnade, Canary Wharf, London E14 5HS.


In addition, the Prospectus will shortly be available to view on the Company's website (http://www.nationalexpressgroup.com) and at the Company's registered address during business hours.


The following is the expected timetable of principal events in relation to the Rights Issue. 


Event

   2009

Announcement of the Rights Issue and publication of the Rights Issue Prospectus

11 November

Publication and despatch of the Rights Issue Prospectus and Form of Proxy

11 November

Record Date for entitlements under the Rights Issue

close of business on 24 November

Latest time and date for receipt of Forms of Proxy

11.00 a.m. on 25 November

Extraordinary General Meeting 

11.00 a.m. on 27 November 

Despatch of Provisional Allotment Letters (to Qualifying Non-CREST Shareholders only)

27 November 

Admission/Commencement of dealings in Nil Paid Rights on the London Stock Exchange

8.00 a.m. on 30 November 

Stock accounts credited with Nil Paid Rights (for Qualifying CREST Shareholders)

30 November 


Existing Ordinary Shares marked ''ex-rights'' by the London Stock Exchange


8.00 a.m. on 30 November

Nil Paid Rights and Fully Paid Rights enabled in CREST

30 November

Latest time and date for acceptance, payment in full and registration of renunciation of Provisional Allotment Letters

11.00 a.m. on 14 December

Announcement of results of Rights Issue through a Regulatory Information Service

7.00 a.m on 15 December

Commencement of dealings in New Ordinary Shares fully paid

8.00 a.m. on 15 December 

New Ordinary Shares credited to CREST stock accounts

15 December 

Despatch of definitive share certificates for the New Ordinary Shares in certificated form

24 December


Note: The times and dates set out in the expected timetable of principal events above may be adjusted by National Express in consultation with the Joint Sponsors in which event details of the new times and dates will be notified to the FSA, London Stock Exchange and, where appropriate, Qualifying Shareholders.

 

Terms defined in the Prospectus have the same meanings in this announcement.


ENQUIRIES: 


National Express Group PLC


Tony McDonald

Barbara Lees


+44 20 7506 4325

+44 20 7506 4302



IMPORTANT NOTICE: 


This announcement is for information purposes only and shall not constitute an offer to buy, sell, issue or subscribe for, or the solicitation of an offer to buy, sell, 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. Persons into whose possession this announcement or any such document comes should inform themselves about and observe any relevant legal restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.


This announcement does not constitute a prospectus or prospectus equivalent document. The Prospectus relating to the Rights Issue will be prepared and made available in accordance with EU Directive 2003/71/EC and/or Part VI of the FSMA. Any decision to invest in the Company must be made only on the basis of the information contained in and incorporated by reference into the Prospectus. The Prospectus, when published, will be available on the Company's website (http://www.nationalexpressgroup.com) and in hard copy from the Company's registered office.


The information contained herein is not for forwarding, publication or distribution, directly or indirectly, in or into the United States (including its territories and possessions, any state of the United States and the District of Columbia). These materials do not contain or constitute an offer for sale or the solicitation of an offer to purchase securities in the United States. The securities referred to herein (the "Securities") have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act") or with any securities regulatory authority of any state or jurisdiction of the United States, and may not be offered or sold in the United States absent registration under the Securities Act or an available exemption from, or transaction not subject to, the registration requirements of the Securities Act. There will be no public offer of the Securities in the United States.



This information is provided by RNS
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