7 Oct 2013 08:22
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN OR ANY OTHER JURISDICTION IN WHICH THE PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE.
Huntsworth plc
Completion of Subscription and Appointment of Director
7 October 2013
Huntsworth plc (the "Company") announces that the strategic alliance with BlueFocus Communication Group Co. Ltd ("BlueFocus"), the Chinese communication group listed on the Shenzhen Stock Exchange, and the proposed £36.5 million investment by BlueFocus in Huntsworth (the "Subscription"), which was first announced on 25 April 2013, successfully completed today.
Pursuant to the terms of the Subscription Agreement between BlueFocus, BlueFocus International Limited ("BlueFocus International") and the Company, BlueFocus International has acquired 63,000,000 New Huntsworth Shares, raising gross proceeds of approximately £36.5 million. The New Huntsworth Shares represent approximately 19.6 per cent of the issued ordinary share capital of the Company.
The New Huntsworth Shares were admitted to listing on the Official List of the UK Listing Authority and to trading on the main market for listed securities of the London Stock Exchange earlier today.
The Company is also pleased to announce the appointment of Mr Oscar Zhao as a non-executive Director with effect from Admission of the New Huntsworth Shares.
Terms used in the combined prospectus and circular of the Company dated 18 September 2013 shall have the same meaning when used in this announcement, unless the context requires otherwise.
Advisers
Huntsworth is being advised by Quayle Munro and BlueFocus by Lazard.
For further information, please contact:
HuntsworthPeter Chadlington, Chief Executive+44 (0)20 7224 8778
Sally Withey, Chief Operating Officer
Quayle Munro LimitedFinancial AdviserAndrew Tuckey+44 (0)20 7907 4200
Colin La Fontaine Jackson
Numis Securities LimitedSponsor and BrokerLorna Tilbian+44 (0) 20 7260 1000
Rupert Krefting
Nick Westlake
LazardNicholas Shott+44 (0)20 7187 2000
This announcement does not constitute a prospectus and does not form part of any offer of securities, or constitute a solicitation of any offer to purchase or subscribe for securities in any jurisdiction, and 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 an inducement to enter into, any contract therefor.
This announcement is not an offer of securities for sale in the United States or any other jurisdiction. The securities of the Company have not been, and will not be, registered under the US Securities Act of 1933 or under the applicable securities laws of any state or other jurisdiction of the United States. No securities of the Company will be offered or sold in the United States absent registration or an exemption from registration and in compliance with state securities laws. No public offer of securities of the Company is being made in the United States.
Numis Securities Limited is acting for Huntsworth and no-one else in connection with the Subscription and will not regard any other person as its client in relation to the Subscription and will not be responsible for providing the protections afforded to its clients nor for giving advice in relation to the Subscription or any transaction or arrangement referred to, or information contained, in this announcement.
Quayle Munro Limited is acting for Huntsworth and no-one else in connection with the Subscription and will not regard any other person as its client in relation to the Subscription and will not be responsible for providing the protections afforded to its clients nor for giving advice in relation to the Subscription or any transaction or arrangement referred to, or information contained, in this announcement.