Jpel Priv Eqty Regulatory News (JPEL)

17 Apr 2007 13:24

Bear Stearns Private Equity Limited17 April 2007 Bear Stearns Private Equity Limited HSBC Private Bank Building, Rue du Pre, St Peter Port, Guernsey GY1 1LU 17 April 2007 Regulatory News ServiceLondon Stock ExchangeLondonEC4M 7LS Dear Sir, NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA BEAR STEARNS PRIVATE EQUITY LIMITED - FURTHER ISSUE OF SHARES The Company announces that it has published a prospectus relating to a Placingof New Equity Shares. The Placing Price of per New Equity Share is $1.53, being the NAV per existingEquity Share as estimated by the Directors as at 31 March 2007 of $1.50, butincreased by such amount as to allow for the estimated costs and expenses of thePlacing. The estimated costs and expenses represent 1.9% of the proceeds of the Placing. Bear Stearns International Limited, HSBC Private Bank (UK) Limited, HSBC PrivateBank (Suisse) SA (acting through its registered office and its branches in HongKong and Singapore), The Hongkong and Shanghai Banking Corporation Limited,JPMorgan Cazenove and Migdal Hitum Ve'Kidum Asakim Ltd have been appointed asplacing agents in respect of the New Equity Shares. JPMorgan Cazenove has beenappointed sponsor. Expected TimetableLatest time and date for receipt of Placing 12.00 p.m. on 27 April 2007commitmentsResults of placing announced By 30 April 2007Dealings in New Shares commence 2 May 2007CREST stock accounts credited 2 May 2007Certificates for shares despatched week commencing 7 May 2007 Copies of the prospectus may be obtained free of charge from the registeredoffice of the Company and from:JPMorgan Cazenove, 20 Moorgate, London, EC2R 6DA Bear Stearns Asset Management Limited, 45 Old Bond Street, London W1S 4QT In addition, copies will shortly be available for inspection at the UK ListingAuthority's Document Viewing Facility, which is situated at: Financial Services Authority 25 The North Colonnade Canary Wharf, London E14 5HS Enquiries: Bear Stearns Asset Management Greg Getschow / Troy Duncan - 001 212 272 7732 HSBC entities Boudewijn Jansen / Marina Gerova - 020 7860 5277 JPMorgan Cazenove Angus Gordon Lennox - 020 7588 2828 Peregrine Communications Anthony Payne / Max Hilton - 020 7978 6052 THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM PART OF AN OFFER TO SELL,PURCHASE, EXCHANGE OR SUBSCRIBE FOR ANY SECURITIES OR SOLICITATION OF SUCH ANOFFER IN THE UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION. BEAR STEARNSPRIVATE EQUITY LIMITED HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITEDSTATES INVESTMENT COMPANY ACT OF 1940, AS AMENDED. THE SECURITIES REFERRED TO INTHIS ANNOUNCEMENT HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITEDSTATES SECURITIES ACT OF 1933, AS AMENDED, AND WILL NOT BE OFFERED OR SOLD OROTHERWISE TRANSFERRED WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT ORBENEFIT OF, US PERSONS EXCEPT IN ACCORDANCE WITH THE UNITED STATES SECURITIESACT OF 1933, AS AMENDED, OR AN EXEMPTION THEREFROM AND UNDER CIRCUMSTANCES WHICHWILL NOT REQUIRE BEAR STEARNS PRIVATE EQUITY LIMITED TO REGISTER UNDER THEUNITED STATES INVESTMENT COMPANY ACT OF 1940, AS AMENDED. JPMorgan Cazenove Limited, which is authorised and regulated in the UnitedKingdom by the Financial Services Authority, is acting for Bear Stearns PrivateEquity Limited and for no one else in connection with the matters referred to inthis announcement and will not be responsible to anyone other than Bear StearnsPrivate Equity Limited for providing the protections afforded to clients ofJPMorgan Cazenove Limited or for affording advice in relation to the contents ofthis announcement or on any matters referred to herein. END This information is provided by RNS The company news service from the London Stock Exchange