E2V.L Regulatory News (E2V)

6 Nov 2009 13:12



PRESS RELEASE

06 November 2009

e2v technologies PLC Re: Prospectus

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND, SOUTH AFRICA OR SWITZERLAND OR ANY OTHER JURISDICTION IN WHICH THE PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. NOTHING IN THIS ANNOUNCEMENT IS AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES OR ANY OTHER RESTRICTED JURISDICTION OF ANY SECURITIES REFERENCE HEREIN. SUCH SECURITIES MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION UNDER THE US SECURITIES ACT OF 1933, AS AMENDED. NO PUBLIC OFFERING OF THE SECURITIES IS BEING OR WILL BE MADE IN THE UNITED STATES. 

e2v technologies plc (the "Company")

The Company wishes to announce a clarification in respect of a statement contained in the prospectus dated 2 November 2009 (the "Prospectus") relating to the proposed Firm Placing of 31,428,571 Firm Placed Shares at 70 pence per Firm Placed Share and 9 for 7 Rights Issue of 120,854,782 New Shares at 28 pence per share.

Pages 6 and 38 of the Prospectus contain the following identical statement in relation to Related Party Transactions as follows:

"Aberforth is considered to be a related party to the Company because the aggregate shareholding of it and its associates is in excess of 10% of the Company's existing issued share capital. Aberforth has undertaken to participate in the Firm Placing through the acquisition of 6,800,514 Firm Placed Shares and to take up its rights under the Rights Issue."

The Company wishes to clarify that Aberforth has undertaken to take up those rights arising from the acquisition of 6,800,514 Firm Placed Shares but has not given any undertaking in relation to rights over its existing Shares.

Terms defined in the Prospectus have the same meanings in this announcement. 

THIS ANNOUNCEMENT SHALL NOT CONSTITUTE, OR FORM PART OF, AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITIES, NOR SHALL THERE BE ANY SALE OR PURCHASE OF SECURITIES IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND, SOUTH AFRICA OR SWITZERLAND OR ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION. THE AVAILABILITY OF THE FIRM PLACING AND THE RIGHTS ISSUE TO PERSONS NOT RESIDENT IN THE UNITED KINGDOM MAY BE AFFECTED BY THE LAWS OF THE RELEVANT JURISDICTIONS. SUCH PERSONS SHOULD INFORM THEMSELVES ABOUT AND OBSERVE ANY APPLICABLE REQUIREMENTS. 

This announcement is not for publication, distribution or release to persons in the United States, Australia, Canada, Japan, New Zealand, South Africa or Switzerland and should not be distributed, forwarded to or transmitted in or into any jurisdiction where to do so might constitute a violation of local securities laws or regulations. The securities discussed herein have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act") and may not be offered, sold, resold, taken up, exercised, renounced, transferred or delivered, directly or indirectly, in or into the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the US Securities Act. No public offering of the securities referred to herein is being made in the United States. This announcement is an advertisement and does not constitute a prospectus. Nothing in this announcement should be interpreted as a term or condition of the Firm Placing or the Rights Issue. Any decision to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of any Firm Placed Shares, Nil Paid Rights, Fully Paid Rights and/or New Shares must be made only on the basis of the information contained in and incorporated by reference into the Prospectus.