Mayflower Acq. Regulatory News (MAY)

17 Jun 2005 17:42

Mapeley Limited17 June 2005 17th June 2005 Mapeley Limited - Re: Exercise of over-allotment option THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THEUNITED STATES, CANADA, JAPAN OR AUSTRALIA. Mapeley Limited announces exercise of over-allotment option 17 June 2005 Mapeley Limited (the "Company") announces that, in connection with its initialpublic offering of ordinary shares (the "Global Offer"), Merrill LynchInternational has today exercised the over-allotment option in respect of556,522 ordinary shares in the Company (the "Over-allotment Shares"). The Over-allotment Shares have been placed with institutional and certain otherinvestors at the offer price of £23.00 per Over-allotment Share (the "OfferPrice"), raising additional gross proceeds for the Company of £12.8 million. Based on the Offer Price, the market capitalisation of the Company on the dateof admission to the official list of the UK Listing Authority and to trading onthe London Stock Exchange ("Admission") will be approximately £516.7 million. Including the exercise of the over-allotment option, the total size of theGlobal Offer is £140.8 million (6.1 million ordinary shares, in totalrepresenting 27 per cent. of the 22.5 million ordinary shares of the Company inissue on Admission). It is expected that Admission will become effective and unconditional dealingsin the ordinary shares of the Company will commence at 08:00 on 21 June 2005 under the ticker symbol MAY. For further information please contact:Tim McCall / Scott FultonMJ2 Business CommunicationsTel: +44(0)20 7491 7776 / +44(0)7753 561862Email: tim.mccall@mj2ltd.com / Mapeley@mj2ltd.com This announcement (or any part of it) is not to be reproduced, distributed,passed on, or the contents otherwise divulged, directly or indirectly, in orinto the United States, Canada, Australia or Japan, or in any country, territoryor possession where to do so may contravene local securities laws orregulations. This announcement has been issued by the Company and is the sole responsibilityof the Company. The contents of this announcement have been approved solely forthe purposes of Section 21 of the Financial Services and Markets Act 2000 by Deutsche Bank AG London and Merrill Lynch International. Deutsche Bank AG Londonis authorised by Bundesanstalt fur Finanzdienstleistungsaufsicht ("BaFin"). Deutsche Bank AG London and Merrill Lynch International are authorised by theFinancial Services Authority and regulated by the Financial Services Authorityfor the conduct of UK business. Deutsche Bank AG London and Merrill LynchInternational, are acting for the Company and no one else in connection with theGlobal Offer and they will not regard any other person as their respectiveclients in relation to the Global Offer and will not be responsible to any otherperson for providing the protections afforded to their respective clients or forproviding advice in relation to the Global Offer or any other transaction orarrangement referred to, or information contained in this announcement. This announcement does not constitute or form part of an offer for sale orsubscription of, or any solicitation of an offer to purchase or subscribe for,securities in any jurisdiction, including the United States. Any purchase of orsubscription or application for shares in the Global Offer should only be madeon the basis of information contained in the listing particulars dated 16 June2005 issued in connection with the Global Offer. The listing particulars containcertain detailed information about the Company and its management, as well asfinancial statements and other financial data. This announcement does notconstitute a recommendation concerning the Global Offer. The price and value of,and income from, shares may go down as well as up. Persons needing advice shouldconsult a professional adviser. Past performance is not a guide to futureperformance. The ordinary shares being offered in the Global Offer have not been, and willnot be, registered under the US Securities Act of 1933 (the "Securities Act"),or under the relevant securities laws of any state of the United States, Canada,Australia or Japan, and except pursuant to an exemption from the registrationrequirements of the Securities Act or other relevant local securities laws orregulations as the case may be, may not be offered or sold in or into the UnitedStates, Canada, Australia or Japan or to, or for the account or benefit of, USpersons or any national, resident or citizen of Australia, Canada or Japan. Nopublic offering of the ordinary shares is being made into the United States andthere will be no offering of ordinary shares in or into Canada, Australia orJapan or in any country, territory or possession where to do so may contravenelocal securities laws or regulations.Stabilisation/FSA - ENDS - This information is provided by RNS The company news service from the London Stock Exchange