Result of Equity Issue
Kingfisher PLC
04 August 2002
FOR IMMEDIATE RELEASE
5 August 2002
Not for release, distribution or publication in whole or in part in or into the
United States, Canada, Australia, Ireland, Japan or South Africa
KINGFISHER CONFIRMS TAKE-UP OF RIGHTS ISSUE
Following the announcement on 2 August 2002 of the level of acceptances under
the terms of the Rights Issue announced on 8 July 2002, Kingfisher announces
that it has exercised its discretion to accept Provisional Allotment Letters
received by 9.30am on 3 August 2002 (with a postmark prior to 9.30am on 2 August
2002) and as a result valid acceptances have now been received in respect of
1,241,323,467 new Kingfisher Shares, representing approximately 95.95 per cent.
of the new Kingfisher Shares offered by way of rights at 155 pence per share.
The Underwriters (UBS Warburg, CSFB and Goldman Sachs) will therefore be seeking
subscribers for 52,319,325 new Kingfisher Shares.
ends
Company profile
Kingfisher is Europe's leading home improvement retailer, and is ranked number
three in the world.The company operates more than 580 home improvement stores in
11 countries, and enjoys market-leading positions in the UK, France and Taiwan.
Sales for the Home Improvement sector for the year to 2 February 2002 were more
than £5.8 billion, with retail profit in excess of £430 million.
Kingfisher Electrical & Furniture operates more than 820 stores in nine
countries. It is Europe's third largest electricals retailing business by sales
and number two by retail profit.As well as holding the leading position in
France and the number two position in the UK, Kingfisher also enjoys leading
positions in Belgium and in the Czech and Slovak Republics. Sales for the year
to 2 February 2002 were more than £3.7 billion, with retail profit of £184
million.
Further Enquiries:
Broker and Institutional Enquiries:
Ian Harding, Director of Investor Relations +44 (0) 207 725 4889
Media Enquiries:
Andrew Mills, Director of Corporate Affairs +44 (0) 207 725 5776
Jonathan Miller, Head of Corporate Comms, UK +44 (0) 207 725 5713
France
Graham Fairbank, Head of Corporate Comms. +33 (0) 1 43 18 52 26
The Maitland Consultancy: +44 (0) 207 379 5151
Angus Maitland
Duncan Campbell-Smith
Euro RSCG C&O:
Laurent Wormser +33 (0) 1 41 34 40 70
Marie-Noelle Brouaux +33 (0) 1 41 34 34 73
Goldman Sachs International: +44 (0) 207 774 1000
Yoel Zaoui
Robin Bishop
BNP Paribas:
Thierry Varene +33 (0) 1 42 98 17 27
IMPORTANT NOTICE
This document does not constitute, or form part of, an offer, or solicitation of
an offer, to purchase or subscribe for any rights, shares or other securities.
These may only be made on the basis of information which was contained in the
prospectus published in connection with the transaction on 10 July 2002.
This announcement does not constitute an offer of securities for sale in the
United States. The information contained herein is not for publication or
distribution to persons in the United States. The new Kingfisher shares have not
been and will not be registered under the US Securities Act of 1933 (the
'Securities Act') and may not be offered or sold in the United States unless
they are registered with the US Securities and Exchange Commission or they are
exempt from the registration requirements of the Securities Act. There has been
and will be no public offering of the new Kingfisher shares in the United
States.
Prices and values of, and income from, shares may go down as well as up and an
investor may not get back the amount invested. It should be noted that past
performance is no guide to future performance. Persons needing advice should
consult an independent adviser.
Each of Goldman Sachs International, UBS Warburg and CSFB is acting for
Kingfisher and no one else in connection with the rights issue and will not be
responsible to any other person for providing the protections afforded to their
respective clients or for providing advice in relation to the transaction.
This information is provided by RNS
The company news service from the London Stock Exchange
Latest directors dealings
- 9 minutes ago Neuberger Private Equity Partners Limited
- 24 minutes ago Standard Chartered
- 27 minutes ago Central Asia Metals
- 35 minutes ago Hamak Gold Limited NPV (DI)
- 1 hour ago Prudential