Last checked at 13 Jul 2018 07:01
Pre-stabilisation notice
13 July 2018
Not for release, publication or distribution, in whole or in part, directly or indirectly, in or into the United States of America, Australia, Japan, Singapore, the United Arab Emirates, the Kingdom of Saudi Arabia or any jurisdiction in which such distribution would be unlawful.
ASA International Group plc
Pre-Stabilisation Notice
Citigroup Global Markets Limited (Contact: Syndicate Desk +44 20 7986 9000) hereby gives notice that the Stabilising Manager named below and its affiliates may stabilise the offer of the following securities in accordance with Commission Delegated Regulation EU/2016/1052 under the Market Abuse Regulation (EU/596/2014) and the rules of the Financial Conduct Authority.
The securities: | |
Issuer: | ASA International Group plc |
Securities: | Ordinary Shares with a par value of £1 each |
ISIN: | GB00BDFXHW57 |
Offering size: | 40,000,000 Ordinary Shares excluding the over-allotment option |
Description: | Initial Public Offering of Ordinary Shares |
Offer price: | 313 pence per Ordinary Share |
Associated securities: | There are no associated instruments that are subject to stabilisation |
Stabilisation: | |
Stabilising Manager: | Citigroup Global Markets Limited, Citigroup Centre, Canada Square, Canary Wharf, London E14 5LB, United Kingdom
|
Stabilisation period expected to start on: | 13 July 2018 (approximately 08.00 a.m. (London time)) |
Stabilisation period expected to end no later than: | 10 August 2018 (close of business) |
Existence, maximum size and conditions of use of over-allotment facility: | The Stabilising Manager may over-allot the securities to the extent permitted in accordance with applicable law, up to the maximum size of 4,000,000 Ordinary Shares. |
Stabilisation trading venue: | London Stock Exchange plc, over-the-counter (OTC) and other order book venues e.g. Turquoise, BATS and Chi-X |
Over-allotment Option: | |
Terms: | Catalyst Microfinance Investors has granted Citigroup Global Markets Limited, in its capacity as Stabilising Manager and for the account of the underwriters, the option to purchase, or procure purchasers for, up to an additional 4,000,000 Ordinary Shares at the offer price. |
Duration: | This option may be exercised in full or in part at any time during the stabilisation period. |
In connection with the offer of the above securities, the Stabilising Manager may over-allot the securities or effect transactions with a view to supporting the market price of the securities at a level higher than that which might otherwise prevail. However, there is no assurance that the Stabilising Manager will take any stabilisation action and any stabilisation action, if begun, may be ended at any time. Any stabilisation action or over-allotment shall be conducted in accordance with all applicable laws and rules.
This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction in which such an offer or solicitation is unlawful.
This announcement is addressed to and directed at persons in Member States of the European Economic Area ("Member States") who are "qualified investors" within the meaning of Article 2(1)(e) of the Prospectus Directive (Directive 2003/71/EC, as amended) and related implementation measures ("Qualified Investors"). In addition, in the United Kingdom, this announcement is being distributed only to, and is directed only at Qualified Investors who are, (i) persons who have professional experience in matters relating to investments falling within the definition of "investment professionals" in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order") and/or (ii) who are high net worth bodies corporate, unincorporated associations and partnerships or the trustees of high value trusts falling within Article 49(2)(a) to (d) of the Order, and (iii) other persons to whom it may otherwise lawfully be communicated (all such persons together being referred to as "Relevant Persons"). If you are not a Relevant Person, you should not act upon, or rely on, this announcement.
Neither this announcement nor any copy of it may be made or transmitted into the United States, or distributed, directly or indirectly, in the United States. Neither this announcement nor any copy of it may be taken or transmitted directly or indirectly into Australia, Canada, Japan, Hong Kong, India, Singapore, South Africa, the United Arab Emirates or the Kingdom of Saudi Arabia or to any persons in any of those jurisdictions, except in compliance with applicable securities laws. Any failure to comply with this restriction may constitute a violation of United States, Australian, Canadian, Japanese, Hong Kong, Indian, Singaporean, South African United Arab Emirates' or Saudi Arabian securities laws. The distribution of this announcement in other jurisdictions may be restricted by law and persons into whose possession this announcement comes should inform themselves about, and observe, any such restrictions.
This announcement is not an offer of securities for sale into the United States. The securities to which this announcement relates have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act") or with any regulatory authority or under any applicable securities laws of any state or other jurisdiction of the United States, and may not be offered or sold within the United States unless registered under the Securities Act or pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with applicable state law. There will be no public offer of the securities in the United States.