Result of Sale of Shares
Insight Foundation Property Tst Ltd
19 January 2006
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES,
CANADA, AUSTRALIA OR JAPAN.
Insight Foundation Property Trust Limited
19 January 2006
SALE OF SHARES
This announcement appears as a matter of record only.
The bookbuilding process in connection with the placing (the 'Placing') by
JPMorgan Cazenove Limited ('JPMorgan Cazenove') on behalf of Clerical Medical
Investment Group Limited ('CMIG'), of existing ordinary shares in Insight
Foundation Property Trust Limited ('IFPT'), which was announced on 19 January
2006, has now closed.
An aggregate of 80,000,000 shares in IFPT (amounting to 22.6 per cent of the
issued share capital of IFPT) was placed in the Placing at a price of 115p per
share and will be settled on 24 January 2006. As a result of this sale, CMIG
holds 23,000,000 Shares representing 6.5 per cent. of the issued share capital
of IFPT.
Enquiries:
Duncan Owen (Insight Investment Management) 020 7321 1677
Richard Cotton (JPMorgan Cazenove) 020 7588 2828
Angus Gordon Lennox (JPMorgan Cazenove) 020 7588 2828
This announcement is for information purposes only and does not constitute an
offer or an invitation to acquire or dispose of any securities.
This announcement is not for distribution directly or indirectly in or into the
United States, Canada, Australia or Japan. This announcement does not constitute
an offer to sell or issue or the solicitation of an offer to buy or acquire
ordinary shares in the capital of IFPT in the United States, Canada, Australia
or Japan or any jurisdiction in which such an offer or solicitation is unlawful.
The ordinary shares in IFPT referred to in this announcement have not been and
will not be registered under the Securities Act of 1933 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
Kingdom, the United States, Canada, Australia, Japan or elsewhere.
This announcement has been issued on behalf of CMIG by JPMorgan Cazenove who are
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. JPMorgan Cazenove are acting exclusively for CMIG and no one else in
connection with the Placing and will not be responsible to anyone other than
CMIG for providing the protections afforded to clients of JPMorgan Cazenove nor
for providing any advice in relation to the Placing or any other matters
referred to in this press announcement.
END
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