25 Jun 2014 07:05
The information contained in this announcement is restricted and is not for publication, release or distribution in any member state of the European Economic Area (other than the United Kingdom), the United States of America, Canada, Australia, Japan or South Africa.
25 June 2014
Fundsmith Emerging Equities Trust plc
("FEET" or the "Company")
Admission to trading and first day of dealing
The Company is pleased to announce its entire issued share capital will today be admitted to the Premium Segment of the Official List of the UK Listing Authority and to trading on London Stock Exchange plc's main market for listed securities. This follows the successful raising of approximately £192.9m following the issuance of 192,879,210 ordinary shares of one pence each in the capital of the Company ("Ordinary Shares") under the placing and offer for subscription at a placing price of 1,000 pence each ("Placing Price"). Dealings in the Company's Ordinary Shares are expected to begin today at 8.00am under the TIDM FEET and ISIN GB00BLSNND18.
The total number of Ordinary Shares in issue upon Admission will be 193,379,210 (including 50,000 subscriber shares), giving the Company a market capitalisation of approximately £193.4 million at the Placing Price.
-Ends-
For more details please contact:
Fundsmith LLP Simon Godwin, Chief Financial Officer Mark Laurence, Chief Operating Officer
| Tel: 020 3551 6337 |
Investec Bank plc (Sponsor and Broker) Jeremy Ellis Rowena Murray
| Tel: 020 7597 4000 |
Greenbrook Communications Charlotte Balbirnie Georgiana Brunner
| Tel: 020 7952 2000 |
This announcement is not intended to constitute, and should not be construed as, investment advice. This announcement relating to the Company does not constitute or form part of, and should not be construed as an offer or invitation to sell or issue or any solicitation of any offer to subscribe for any securities in the Company in any jurisdiction nor shall it, or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection with or act as any inducement to enter into, any contract therefor. Neither this announcement, nor any part of it nor anything contained or referred to in it, nor the fact of its distribution, should form the basis of, or be relied on in any connection with, or act as an inducement in relation to a decision to purchase or subscribe for or enter into any contract or make any other commitment whatsoever in relation to any such securities. This announcement does not constitute a recommendation regarding the securities of the Company.
Investec Bank plc, which is authorised in the United Kingdom by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, is acting exclusively for the Company and for no one else in relation to Admission and the Issue and the other arrangements referred to in this announcement.
The Ordinary Shares have not been, nor will they be, registered under the US Securities Act of 1933, as amended or with any securities regulatory authority of any state or other jurisdiction of the United States or under the applicable securities laws of Canada, Australia, the Republic of South Africa or Japan or any other jurisdiction that is a member state of the European Economic Area (other than the United Kingdom). Subject to certain exceptions, the Ordinary Shares may not be offered or sold in the United States, Canada, Australia, the Republic of South Africa, Japan, or any other jurisdiction that is a member state of the European Economic Area (other than the United Kingdom) or to or for the account or benefit of any national, resident or citizen of any member state of the European Economic Area (other than the United Kingdom), Canada, Australia, the Republic of South Africa, Japan or any person located in the United States. The distribution of this announcement in other jurisdictions may be restricted by law and the persons into whose possession this announcement comes should inform themselves about, and observe, any such restrictions.