26 Oct 2007 13:35
26 October 2007
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, INTO, OR FROM THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN AND THEIR RESPECTIVE TERRITORIES AND POSSESSIONS
Members of the public were not eligible to take part in the Placing described below.
This announcement is solely the responsibility of the Company. Neither JPMorgan Cazenove Limited ("JPMorgan Cazenove"), nor any of its subsidiaries, directors, employees or agents accept any liability whatsoever for the accuracy of any information or opinions contained in this announcement or for the omission of any material information, for which they are not responsible.
Imperial Innovations Group plc announces allocation of all Placing Shares
Further to its announcement this morning (the "Announcement") of a proposed cash placing (the "Placing") of 8,108,108 new ordinary shares in the capital of the Company (the "Placing Shares") at a price of 370 pence per Placing Share (the "Placing Price"), Imperial Innovations Group plc (the "Company") announces that JPMorgan Cazenove has, on behalf of the Company, successfully allocated all of the Placing Shares with institutional investors (including the Company's parent, Imperial College) at the Placing Price and that the Placing has now been fully underwritten by JPMorgan Cazenove.
Application will be made to London Stock Exchange plc for the Placing Shares to be admitted to trading on AIM ("Admission"). Subject to the satisfaction of the conditions to the Placing as appended to the Announcement, which include the passing of a special resolution at an Extraordinary General Meeting of the Company disapplying statutory pre-emption rights in respect of the Placing Shares which is to be convened for 10.00 a.m. on Wednesday 21 November 2007, it is expected that Admission will become effective at 8.00 a.m. (London time) on 22 November 2007 and that dealings in the Placing Shares will commence at that time.
JPMorgan Cazenove is acting as financial adviser, bookrunner and underwriter in relation to the Placing.
Enquiries
Imperial Innovations Group plc Martin Knight, Chairman +44 20 7594 1403
Susan Searle, Chief Executive Officer +44 20 7594 6591
M:Communications
Patrick d'Ancona / Eleanor Williamson +44 20 7153 1539
JPMorgan Cazenove Michael Wentworth-Stanley +44 20 7588 2828 Steve Baldwin +44 20 7588 2828 GENERAL
JPMorgan Cazenove, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for the Company as financial adviser, bookrunner and underwriter and no one else in relation to the Placing and will not be responsible to any other person (whether or not such person is in receipt of this announcement) for providing the protections afforded to its customers or for advising any other person in relation to the Placing.
This announcement and the information contained herein is not for publication or distribution to persons into or from the United States of America, Australia, Canada or Japan or in any jurisdiction in which such publication or distribution is unlawful.
Members of the general public were not eligible to take part in the Placing.
The Placing Shares have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "Securities Act") or with any securities regulatory authority of any State or other jurisdiction of the United States and, accordingly, may not be offered or sold in the United States unless registered under the Securities Act or pursuant to an exemption from such registration. No regulatory authority has passed upon or endorsed the merits of the offering of the Placing Shares or the accuracy or adequacy of this announcement. Any representation to the contrary is a criminal offence in the United States.
IMPERIAL INNOVATIONS GROUP PLC