29 Sep 2017 07:10
PRE-STABILISATION NOTICE
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND OR SOUTH AFRICA OR ANY JURISDICTION IN WHICH SUCH DISTRIBUTION WOULD BE UNLAWFUL.
29 September 2017
Charter Court Financial Services Group plcStabilisation Notice
RBC Europe Limited (Contact: Duncan Smith; Telephone: +44 20 7029 0266) hereby gives notice that the Stabilising Manager named below and its affiliates may stabilise the offer of the following securities in accordance with the relevant provisions of the Market Abuse Regulation (EU) No 596/2014 and Commission Delegated Regulation (EU) 2016/1052.
The securities | |
Issuer | Charter Court Financial Services Group PLC |
Securities | Ordinary Shares of £0.01 each |
ISIN | GB00BD822578 |
Offering Size | 95,652,167 Ordinary Shares excluding the over-allotment option |
Description | Initial Public Offering of Ordinary Shares |
Offer price | 230 pence per Ordinary Share |
Associated Securities | There are no associated instruments that are subject to stabilisation |
Stabilisation: | |
Stabilising Manager: | RBC Europe Limited, Riverbank House, 2 Swan Lane,London EC4R 3BF, United Kingdom |
Stabilisation period expected to start on: | 29 September 2017 (approximately 08:00am (London time)) |
Stabilisation period expected to end no later than: | 28 October 2017 (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 the applicable law, up to the maximum size of 14,347,825 Ordinary Shares |
Stabilisation trading venue: | London Stock Exchange, Over-The-Counter (OTC) and other order book venues e.g. Turquoise, BATS and Chi-X |
Over-allotment Option: | |
Terms: | The Over-allotment Shareholders have granted RBC Europe Limited, in its capacity as Stabilising Manager, the option to acquire up to an additional 14,347,825 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.
This announcement and the offer of the securities to which it relates are only addressed to and directed at persons outside the United Kingdom and persons in the United Kingdom who have professional experience in matters related to investments or who are high net worth persons as referred to in article 12(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 and must not be acted on or relied on by other persons in the United Kingdom.
In addition, if and to the extent that this announcement is communicated in, or the offer of the securities to which it relates is made in, any EEA Member State that has implemented Directive 2003/71/EC, as amended (together with any applicable implementing measures in any Member State, the "Prospectus Directive") before the publication of a prospectus in relation to the securities which has been approved by the competent authority in that Member State in accordance with the Prospectus Directive (or which has been approved by a competent authority in another Member State and notified to the competent authority in that Member State in accordance with the Prospectus Directive), this announcement and the offer are only addressed to and directed at persons in that Member State who are qualified investors within the meaning of the Prospectus Directive (or who are other persons to whom the offer may lawfully be addressed) and must not be acted on or relied on by other persons in that Member State.
This announcement does not constitute, or form part of, an offer to sell, or a solicitation of an offer to purchase any securities in the United States or any other jurisdiction. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933 as amended (the "Securities Act") and may not be offered or sold in the United States except to "qualified institutional buyers" as defined in, and in reliance on, Rule 144A under the Securities Act or another exemption from, or transaction not subject to, the registration requirements of the Securities Act. All offers and sales of securities outside of the United States will be made in reliance on, and in compliance with, Regulation S under the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of the securities in the United States.
This information is provided by RNSThe company news service from the London Stock Exchange
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