9 Dec 2009 07:00
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OF AMERICA OR ANY JURISDICTION IN WHICH THE SAME COULD BE UNLAWFUL OR TO US PERSONS. THIS ANNOUNCEMENT APPEARS AS A MATTER OF RECORD ONLY AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO PURCHASE ANY SECURITY.
9 December 2009
F&C Private Equity Trust plc(THE "COMPANY")
RESULT OF ZERO DIVIDEND PREFERENCE SHARE PLACING
The Board of F&C Private Equity Trust plc is pleased to announce that its new wholly-owned subsidiary, F&C Private Equity Zeros plc ("F&C PEZ"), has received Placing commitments to subscribe for 30,000,000 zero dividend preference shares at 100p per share. Accordingly, the gross proceeds of the Placing will be £30.0 million, the maximum target set for the Placing.
The issue of the ZDP Shares is conditional, inter alia, on admission of the ZDP Shares to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's Main Market. Application has been made for 30,000,000 ZDP Shares to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange. It is expected that Admission will become effective, settlement will occur and that dealings in the ZDP Shares will commence at 8.00 a.m. on 14 December 2009.
The ISIN of the ZDP Shares is GB00B5883J06. The SEDOL number of the ZDP Shares is B5883J0. The ZDP Shares' ticker symbol is FPEZ.
Enquiries
| Hamish Mair, Investment Manager | F&C Asset Management PLC | T: 0131 718 1184 |
| Alastair Moreton, Placing Agent and Broker | Arbuthnot Securities Limited | T: 020 7012 2000 |
| Sue Inglis, Sponsor and Financial Adviser | Intelli Corporate Finance Limited | T: 020 7050 6779 |
Important Notes
This announcement has been issued by and is the sole responsibility of the Company and F&C PEZ.
Defined terms used in this announcement shall have the meanings assigned to them in the prospectus published by F&C PEZ dated 2 December 2009 unless expressly stated otherwise.
Intelli Corporate Finance Limited, which is authorised and regulated in the United Kingdom for the conduct of investment business by the Financial Services Authority, is acting exclusively as financial adviser to the Company and F&C PEZ and no-one else in connection with the matters referred to in this announcement and will not regard any other person as its client in relation to the matters referred to in this announcement and will not be responsible to anyone other than the Company and F&C PEZ for providing the protections afforded to clients of Intelli Corporate Finance Limited or for providing advice in relation to the matters referred to in this announcement.
Arbuthnot Securities Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting solely for the Company and F&C PEZ and will not regard any other person as its client in relation to the Placing and will not be responsible to anyone other than the Company and F&C PEZ for providing the protections afforded to clients of Arbuthnot Securities Limited or for providing advice in relation to the Placing or any other transaction or matter referred to in this announcement.