Marstons Regulatory News (MARS)

22 Jul 2009 07:00



THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

22 July 2009

Marston's PLC ("Marston's" or "the Company")

Result of Rights Issue

Marston's announces that it has received valid acceptances in respect of 273,269,134 New Shares, representing approximately 91.44% of the total number of New Shares offered to Qualifying Shareholders, pursuant to the Rights Issue announced by the Company on 18 June 2009.

It is expected that the New Shares in uncertificated form will be credited to CREST accounts on 22 July 2009 and that definitive share certificates in respect of New Shares in certificated form will be dispatched by no later than 31 July 2009. It is expected that the New Shares will commence trading fully paid on the London Stock Exchange's main market for listed securities on 22 July 2009.

As disclosed in Parts III and VII of the prospectus sent to Shareholders dated 18 June 2009 ("Prospectus"), RBS Hoare Govett and J.P. Morgan Cazenove, acting as Joint Bookrunners, will endeavour to procure subscribers for the balance of 25,596,096 New Shares not validly taken up under the Rights Issue, on and subject to the terms and conditions agreed with the Company under the Underwriting Agreement. A further announcement as to the number of New Shares for which subscribers have been so procured will be made in due course.

Unless otherwise defined in this announcement, capitalised terms shall have the meaning given to them in the Prospectus.

Contacts

For further information please contact:

Marston's PLC:

+44 (0)1902 711 811

Ralph Findlay, Chief Executive

Andrew Andrea, Finance Director

Rothschild:

+44 (0)20 7280 5000

Crispin Wright

Adam Young

RBS Hoare Govett:

+44 (0)20 7678 8000 

Sara Hale

Jonathan Retter

Jeremy Thompson 

J.P. Morgan Cazenove:

+44 (0)20 7588 2828

Laurence Hollingworth

James Mitford

Neil Haycock

Hudson Sandler:

+44(0)20 7796 4133

Andrew Hayes

Nick Lyon

James White

DISCLAIMER

This announcement does not constitute or form part of any offer or invitation to purchase, otherwise acquire, subscribe for, sell, otherwise dispose of or issue, or any solicitation of any offer to sell, otherwise dispose of, issue, purchase, otherwise acquire or subscribe for, any security.

This announcement is an advertisement and does not constitute a prospectus or prospectus equivalent document. Nothing in this announcement should be interpreted as a term or condition of the Rights Issue. Any decision to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of any Provisional Allotment Letter, Nil Paid Rights, Fully Paid Rights, and/or New Shares must be made only on the basis of the information contained in and incorporated by reference into the Prospectus. Copies of the Prospectus are available at the Company's registered office.

RBS Hoare Govett, J.P. Morgan Cazenove and Rothschild, which are regulated in the United Kingdom by the Financial Services Authority, are acting exclusively for the Company and for no-one else in relation to the Rights Issue and will not be responsible to anyone other than the Company for providing the protections afforded to their respective customers or for providing advice in relation to the Rights Issue or the contents of this announcement or any of the other matters referred to in this announcement.

The New Shares, the Nil Paid Rights, the Fully Paid Rights and the Provisional Allotment Letters have not been and will not be registered under the US Securities Act of 1933, as amended (the US Securities Act) and may not be offered, sold, taken up, exercised, resold, renounced, transferred or delivered, directly or indirectly, in the United States absent registration or pursuant to an exemption from, or in transactions not subject to, the registration requirements of the US Securities Act.