LAM.L Regulatory News (LAM)

9 Nov 2006 08:00

Lamprell Plc09 November 2006 THIS ANNOUNCEMENT OR ANY COPY OF IT IS NOT FOR RELEASE, PUBLICATION ORDISTRIBUTION IN OR INTO THE UNITED STATES, THE UNITED ARAB EMIRATES OR ANY OTHER MEMBER STATE OF THE GULF COOPERATION COUNCIL (THE "GCC"), AUSTRALIA, CANADA,SOUTH AFRICA, IRELAND OR JAPAN OR TO A RESIDENT OF AUSTRALIA, CANADA, THE UNITED ARAB EMIRATES OR ANY OTHER MEMBER STATE OF THE GCC, SOUTH AFRICA, IRELAND OR JAPAN. Investors should not purchase any transferable securities referred to in this announcement except on the basis of information in the AIM admission document 9 November 2006 LAMPRELL PLC Announcement of Exercise of the Over-Allotment Option Lamprell plc (the "Company") announces that, in connection with the offering(the "Offer") of existing ordinary shares (the "Shares") and the trading in itsentire share capital on AIM, JPMorgan Cazenove Limited ("JPMorgan Cazenove"), asstabilising manager, today exercised in part the over-allotment option (the "Option") granted by Lamprell Holdings Limited ("Lamprell Holdings") to JPMorganCazenove pursuant to the Offer, in respect of 9,948,130 Shares in the Company. Including the exercise of the Option, the total number of Shares sold as part ofthe Offer is 127,663,346 Shares, representing approximately 63.8 per cent. ofthe 200,000,000 Shares of the Company in issue. All of the proceeds arisingfrom the exercise of the Option will be received by Lamprell Holdings. Following the exercise of the Option, and the sale of the additional 9,948,130Shares by Lamprell Holdings, Lamprell Holdings' interest in the issued sharecapital of the Company will have decreased from 38.9 per cent. to 33.9 per cent. For further information: Lamprell (+44 (0)20 7638 9571) Peter Whitbread, Chief Executive Officer and Chairman David Moran, Chief Operating Officer and Chief Financial Officer JPMorgan Cazenove (+44 (0)20 7588 2828) Nick Garrett, Managing Director Laurence Hollingworth, Managing Director Malcolm Moir, Managing Director http://www.lamprell.com NOTES TO EDITORS Lamprell, based in the UAE, has played an increasingly prominent role in thedevelopment of the offshore industry in the Arabian Gulf for over 30 years, inlater years providing specialised services to the offshore oil and gas industry. Any acquisition of shares in the Company should be made only on the basis of theinformation contained in the AIM admission document. This announcement, for which the Company and its directors are solelyresponsible, has been approved by JPMorgan Cazenove solely for the purpose ofsection 21 of the Financial Services and Markets Act 2000. JPMorgan Cazenove,which is authorised and regulated in the United Kingdom by the FinancialServices Authority, is advising the Company and no-one else in connection withthe Offer and will not be responsible to any person other than the Company forproviding the protections afforded to its clients or for advising any otherperson in relation to the Offer. The distribution of this announcement incertain jurisdictions may be restricted by law and persons into whose possessionthis announcement comes should inform themselves about, and observe, any suchrestrictions. Any failure to comply with these restrictions may constitute aviolation of the securities laws of any such jurisdiction. The information contained herein is not for publication or distribution,directly or indirectly, into the United States, the UAE or any other memberstate of the Gulf Cooperation Council ("GCC"), Canada, Australia, South Africa,Ireland or Japan. The material set forth herein is for informational purposesonly and does not contain or constitute an offer of securities for sale into theUnited States or the UAE (including in the Dubai International Financial Centre)or any other jurisdiction. The securities of the Company described herein havenot been and will not be registered under the United States Securities Act of1933 (the "Securities Act"), as amended, or the laws of any state, and may notbe offered or sold within the United States, except pursuant to an exemptionfrom, or in a transaction not subject to, the registration requirements of theSecurities Act and applicable state securities laws. There is no intention toregister any portion of the offering in the United States or to conduct a publicoffering of securities in the United States. The Shares have not been, and willnot be registered under the securities legislation of each member state of theGCC, Canada, the Commonwealth of Australia, the Republic of South Africa,Ireland or Japan. Accordingly, unless an exemption under relevant securitieslaws is applicable, the Shares may not be offered, sold or delivered, directlyor indirectly in or into, each member state of the GCC, Canada, Australia,South Africa, Ireland or Japan. Stabilisation/FSA This information is provided by RNS The company news service from the London Stock Exchange