Last checked at 21 Jul 2009 07:00
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.
Holidaybreak plc
Result of Rights Issue
Holidaybreak plc ("Holidaybreak" or "the Company") announces that it has received valid acceptances in respect of 21,380,031 New Ordinary Shares, representing approximately 98.5% of the total number of New Ordinary Shares offered to Qualifying Shareholders, pursuant to the Rights Issue announced by the Company on 17 June 2009.
It is expected that the New Ordinary Shares in uncertificated form will be credited to CREST accounts on 21 July 2009 and that definitive share certificates in respect of New Ordinary Shares in certificated form will be dispatched to Shareholders by no later than 28 July 2009. It is expected that the New Ordinary Shares will commence trading fully paid on the London Stock Exchange plc's main market for listed securities on 21 July 2009.
As disclosed in the prospectus sent to Shareholders dated 17 June 2009 (the "Prospectus"), KBC Peel Hunt will endeavour to procure subscribers for the balance of 334,309 New Ordinary Shares not validly taken up under the Rights Issue, on and subject to the terms and conditions agreed with the Company under the Underwriting Agreement. A further announcement as to the number of New Ordinary Shares for which subscribers have been so procured will be made in due course.
Unless otherwise defined in this announcement, capitalised terms shall have the meaning given to them in the Prospectus.
ENQUIRIES
| Holidaybreak plc | +44 (0)1606 787100 |
| John Coleman, Chairman | |
| Carl Michel, Group Chief Executive | |
| Bob Baddeley, Group Finance Director | |
| KBC Peel Hunt Ltd | +44 (0)20 7418 8900 |
| Matt Tyler Matt Goode | |
| Oliver Stratton | |
| Brunswick | +44 (0)20 7404 5959 |
| Catherine Hicks | |
| Craig Breheny |
This Announcement is not for release, publication or distribution, directly or indirectly, in whole or in part, in or into the United States, Australia, Canada, Japan or The Republic of South Africa, or any other jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction.
This Announcement is for information only and does not constitute or form part of any offer or invitation to issue, acquire or dispose of any securities or investment advice in any jurisdiction.
This Announcement is not directed to, or intended for distribution to or use by, any person who is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation. Subject to certain exceptions, the securities referred to herein may not be offered or sold in Australia, Canada, Japan, South Africa the United States or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada, Japan, South Africa or the United States. The offer and sale of the securities referred to herein has not been and will not be registered under the United States Securities Act of 1933 or under the applicable securities laws of Australia, Canada, Japan or South Africa. There will be no public offer of securities in the United States. The availability of 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 application requirements.
This Announcement is an advertisement and not a prospectus and investors should not subscribe for, purchase, otherwise acquire, sell or otherwise dispose of any Provisional Allotment Letter, Nil Paid Rights, Fully Paid Rights and/or the New Ordinary Shares in connection with the Rights Issue except on the basis of the Prospectus published on 17 June 2009 by the Company. Copies of the Prospectus are available from Holidaybreak's registered office at Hartford Manor, Greenbank Lane, Northwich, Cheshire CW8 1HW, and on its website www.holidaybreak.co.uk. Neither the content of Holidaybreak's website nor any website accessible by hyperlinks on Holidaybreak's website is incorporated in, or forms part of, this Announcement.
KBC Peel Hunt ("KBC"), which is authorised and regulated by the FSA in the United Kingdom, is acting exclusively for the Company as Sponsor, Broker and Underwriter in connection with the Rights Issue and Admission and will not be responsible to anyone other than the Company for providing the protections afforded to its clients or for providing advice in relation to the Rights Issue or any other matters referred to in this Announcement.