IERE.L Regulatory News (IERE)

3 Apr 2007 15:17

Invista European Real Estate Trust03 April 2007 THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THEUNITED STATES, CANADA, AUSTRALIA OR JAPAN FOR IMMEDIATE RELEASE Invista European Real Estate Trust SICAF Result of placing This announcement appears as a matter of record only. The bookbuilding process in connection with the placing (the "Placing") byJPMorgan Cazenove Limited ("JPMorgan Cazenove") on behalf of Invista EuropeanReal Estate Trust SICAF (the "Company"), of ordinary shares in the Company,which was announced on 3 April 2007, has now closed. An aggregate of 10,387,570 ordinary shares in the Company ("Placing Shares")(amounting to 10 per cent of the issued share capital of the Company) wereplaced in the Placing at a price of 220p per share. The Placing is conditional, inter alia, on admission of the Placing Shares tothe Official List of the UK Listing Authority and to trading on the London StockExchange's market for listed securities ("Admission"). It is expected thatAdmission will become effective, settlement will occur and dealings in thePlacing Shares will commence on 10 April 2007. For further information please contact: Invista Real Estate Investment Management +44 20 7153 9300Duncan OwenTony SmedleyChris Ludlam JPMorgan Cazenove +44 20 7588 2828Richard CottonWilliam Simmonds M:Communications +44 20 7153 1523Edward OrlebarLouise Hatch MEMBERS OF THE PUBLIC ARE NOT ELIGIBLE TO TAKE PART IN THE PLACING. THISANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS DIRECTED ONLY AT: (A)PERSONS IN MEMBER STATES OF THE EUROPEAN ECONOMIC AREA WHO ARE QUALIFIEDINVESTORS; (B) IN THE UNITED KINGDOM, QUALIFIED INVESTORS WHO ARE PERSONS WHO(I) HAVE PROFESSIONAL EXPERIENCE IN MATTERS RELATING TO INVESTMENTS FALLINGWITHIN ARTICLE 19(1) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIALPROMOTION) ORDER 2005 (THE "ORDER"); (II) ARE PERSONS FALLING WITHIN ARTICLE 49(2)(A) TO (D) ("HIGH NET WORTH COMPANIES, UNINCORPORATED ASSOCIATIONS, ETC") OFTHE ORDER; OR (III) ARE PERSONS TO WHOM IT MAY OTHERWISE BE LAWFULLYCOMMUNICATED (ALL SUCH PERSONS TOGETHER BEING REFERRED TO AS "RELEVANTPERSONS"). THIS ANNOUNCEMENT MUST NOT BE ACTED ON OR RELIED ON BY PERSONS WHOARE NOT RELEVANT PERSONS. ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THISANNOUNCEMENT RELATES IS AVAILABLE ONLY TO RELEVANT PERSONS AND WILL BE ENGAGEDIN ONLY WITH RELEVANT PERSONS. THIS ANNOUNCEMENT DOES NOT ITSELF CONSTITUTE ANOFFER FOR SALE OR SUBSCRIPTION OF ANY SECURITIES IN THE COMPANY. This announcement is not for distribution directly or indirectly in or into theUnited States, Canada, Australia or Japan. This announcement does not constitutean offer to sell or issue or the solicitation of an offer to buy or acquireshares in the capital of the Company in the United States, Canada, Australia orJapan or any jurisdiction in which such an offer or solicitation is unlawful.The shares in the Company referred to in this announcement have not been andwill not be registered under the Securities Act of 1933, as amended and may notbe offered or sold within the United States absent registration or an exemptionfrom registration. No public offering of securities will be made in the UnitedStates, Canada, Australia, or Japan. This announcement has been issued by and is the sole responsibility of theCompany. No representation or warranty express or implied, is or will be madeas to, or in relation to, and no responsibility or liability is or will beaccepted by JPMorgan Cazenove or by any of its affiliates or agents as to or inrelation to, the accuracy or completeness of this announcement or any otherwritten or oral information made available to or publicly available to anyinterested party or its advisers, and any liability therefore is expresslydisclaimed. JPMorgan Cazenove is acting for the Company in connection with the Placing andno one else and will not be responsible to anyone other than the Company forproviding the protections afforded to clients of JPMorgan Cazenove nor forproviding advice in relation to the Placing. The distribution of this announcement and the offering of the Placing Shares incertain jurisdictions may be restricted by law. No action has been taken by theCompany or JPMorgan Cazenove that would permit an offering of such shares orpossession or distribution of this announcement or any other offering orpublicity material relating to such shares in any jurisdiction where action forthat purpose is required. Persons into whose possession this announcement comesare required by the Company and JPMorgan Cazenove to inform themselves about,and to observe, and such restrictions. Certain statements in this announcement are forward-looking statements which arebased on the Company's or Invista Real Estate's present beliefs, expectations,intentions and projections regarding its future performance, anticipated eventsor trends and other matters that are not historical facts. These statements arenot guarantees of future performance and are subject to known and unknown risks,uncertainties and other factors that could cause actual results to differmaterially from those expressed or implied by such forward-looking statements.Given these risks and uncertainties, prospective investors are cautioned not toplace undue reliance on forward-looking statements. Forward-looking statementsspeak only as of the date of such statements and, except as required byapplicable law, the Company undertakes no obligation to update or revisepublicly any forward-looking statements, whether as a result of new information,future events or otherwise. The price of shares and the income from them may go down as well as up andinvestors may not get back the full amount invested on disposal of the shares.Investments in property are relatively illiquid and more difficult to realisethan equities or bonds. Yields may vary, and are not guaranteed. There is noguarantee that the market price of shares in the Company will fully reflecttheir underlying NAV. This information is provided by RNS The company news service from the London Stock Exchange