10 Dec 2010 07:16
THIS ANNOUNCEMENT IS RESTRICTED AND NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA.
10 December 2010
STABILISATION NOTICE
Flybe Group plc (the "Company")Global Offer (the "Global Offer") of 20,338,983 ordinary shares of 1 penny each in the capital of the Company (the "Ordinary Shares") at a price of 295 pence per Ordinary Share(with over‑allotment arrangements in respect of up to 2,033,898 Ordinary Shares)
Pursuant to Core Dealing Rule 3070, Merrill Lynch International notifies the London Stock Exchange that it is the stabilising manager in respect of the Global Offer announced on 10 December 2010 and that it and its agents may conduct stabilising activities in relation to the Ordinary Shares in connection with the above transaction.
Merrill Lynch International confirms the following:
1. The securities to be stabilised are the Ordinary Shares (ISIN: GB00B4QMVR10) referred to above. There are no associated instruments that are subject to stabilisation;
2. The stabilising manager is Merrill Lynch International (Contact: Oliver Holbourn; Telephone: 020 7995 3700);
3. Stabilisation transactions may occur during the stabilisation period, which is expected to commence at 8.00 am on 10 December 2010 and will end on 9 January 2011;
4. The issue price of the Ordinary Shares (the "Issue Price") is 295 pence per Ordinary Share.
5. In connection with the Global Offer, Merrill Lynch International, as stabilising manager, has entered into over‑allotment arrangements with the Company, pursuant to which Merrill Lynch International may acquire, or procure acquirers for, up to 2,033,898 Ordinary Shares at the Issue Price, for the purpose of allowing Merrill Lynch International to meet over‑allocations in connection with the Global Offer and to cover short positions resulting from over-allotments (if any) and/or sales effected by it during the stabilisation period.
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 Company in any jurisdiction.
This announcement does not contain or constitute an offer of, or the solicitation of an offer to buy or subscribe for, securities to any person in Australia, Canada, Japan, or the United States or in any jurisdiction to whom or in which such offer or solicitation is unlawful. Subject to certain exceptions, the securities referred to herein may not be offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada or Japan. The offer of the securities referred to herein has not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act") or under the applicable securities laws of Australia, Canada or Japan.
This announcement does not contain or constitute an offer, or an invitation to purchase or subscribe for, any securities in the United States. The Ordinary Shares have not been, and will not be, registered under the US Securities Act or under the applicable securities legislation of any state of the United States and may not be offered or sold in the United States absent registration under the US Securities Act, except pursuant to an available exemption from, or in a transaction not subject to, such registration requirements. There will be no public offer of the Ordinary Shares in the United States.
Merrill Lynch International, Investec Bank plc and Execution Noble Limited, each of which is authorised and regulated in the United Kingdom by the Financial Services Authority, are acting exclusively for the Company and for no one else in connection with the Global Offer and will not regard any other person (whether or not a recipient of this document) as their respective clients in relation to the Global Offer. They will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients or for the giving of advice in relation to the Global Offer or any other matter referred to in this document.