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Publication of Prospectus

Mon, 12th Jan 2015 16:13

RNS Number : 9240B
P2P Global Investments PLC
12 January 2015

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The information contained in this announcement is restricted and is not for publication, release or distribution in any member state of the European Economic Area (other than the UK), the United States of America, Canada, Australia, Japan or South Africa

This announcement is an advertisement and does not constitute a prospectus relating to the Company and does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any shares in the Company in any jurisdiction nor shall it, or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection with or act as any inducement to enter into, any contract therefor. Investors should not purchase or subscribe for any transferable securities referred to in this announcement except on the basis of information contained in the prospectus published by the Company in connection with the proposed admission of its C shares to the premium listing segment of the Official List of the UK Listing Authority and to trading on the London Stock Exchange plc's main market for listed securities.

CAPITALISED TERMS USED IN THIS ANNOUNCEMENT HAVE THE MEANINGS GIVEN TO THEM IN THE PROSPECTUS.

P2P Global Investments plc (the "Company")

Publication of Prospectus

Further to the announcement made by P2P Global Investments plc on 7 January 2015, the Board of Directors (the "Directors") today announces the publication of a prospectus (the "Prospectus") relating to the proposed Placing and Offer of up to 20 million C Shares ("C Shares") at £10.00 per C Share to raise up to £200 million (the "Issue").

The Company is also pleased to announce the commencement of the intermediaries offer with effect from 12 January 2015 ("Intermediaries Offer") under which retail investors can apply for C Shares through stockbrokers and share dealing providers who are participating as intermediaries. The Intermediaries Offer closes at 5.00 p.m. on 26 January 2015.

A list of firms currently appointed to act as intermediaries in the Intermediaries Offer is included in the Prospectus, which is available on the Company's website at www.p2pgi.com. Copies of the Prospectus are also available free of charge during normal business hours from Stephenson Harwood LLP at 1 Finsbury Circus, London, EC2M 7SH or 020 7329 4422.

The Prospectus has been submitted to the National Storage Mechanism and will shortly be available at http://www.hemscott.com/nsm.do.

http://www.rns-pdf.londonstockexchange.com/rns/9240B_-2015-1-12.pdf

For further information, please contact:

Marshall Wace LLP +44 (0)20 7316 2280

Simon Champ

Liberum +44 (0)20 3100 2000

Simon Atkinson

Tom Fyson

Joshua Hughes

Media enquiries:

Maitland + 44 (0)207 379 5151

George Trefgarne

Andy Donald

Intermediary Offer enquiries:

Scott Harris +44 (0)20 7653 0030

Jeremy Wiseman

Jamie Blewitt

Expected Timetable

2015

Latest time and date for receipt of completed application forms from the Intermediaries in respect of the Intermediaries Offer

5.00 pm on 26 January

Latest time and date for commitments under the Placing

5.00 pm on 26 January

Publication of results of the Placing and the Intermediaries Offer

27 January

Admission and dealings in C Shares commence

29 January

CREST accounts credited with uncertificated C Shares

29 January

Where applicable, definitive share certificates despatched by post in the week commencing*

2 February

Any changes to the expected timetable set out above will be notified by the Company through a Regulatory Information Service

All references to times in this document are to London times

*Underlying Applicants who apply to Intermediaries for C Shares under the Intermediaries Offer will not receive share certificates.

Issue Statistics

Issue Price

£10 per C Share

Gross proceeds of the Issue*

£200 million

Estimated net proceeds of the Issue to be received by the Company*

£197.4 million

Expected Net Asset Value per C Share on Admission*

£9.87 per C Share

* Assuming that the Issue is subscribed as to £200 million, the costs of the Issue to be borne by the Company will not exceed 1.3 per cent of the gross proceeds of the Issue.

IMPORTANT INFORMATION

This announcement, which constitutes a financial promotion for the purposes of the Financial Services and Markets Act 2000 and which has been prepared by, and is the sole responsibility of, P2P Global Investments PLC (the "Company"), has been approved solely for the purposes of section 21(b) of the Financial Services and Markets Act 2000 by Liberum Capital Limited of Level 12, Ropemaker Place, 25 Ropemaker Street, London EC2Y 9LY. Liberum Capital Limited is authorised and regulated by the Financial Conduct Authority.

This announcement is an advertisement and does not constitute a prospectus relating to the Company and does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any shares in the Company in any jurisdiction nor shall it, or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection with or act as any inducement to enter into, any contract therefor. Investors should not purchase or subscribe for any transferable securities referred to in this announcement except on the basis of information contained in the Prospectus.

The value of investments may go down as well as up, and all of the value of an investor's investment in the Company will be at risk. Past performance is not a guide to future performance and the information in this announcement or any documents relating to the Issue cannot be relied upon as a guide to future performance. Persons needing advice should contact a professional adviser.

Liberum Capital Limited is acting only for the Company in connection with the matters described in this announcement and is not acting for or advising any other person, or treating any other person as its client, in relation thereto and will not be responsible for providing the regulatory protection afforded to clients of Liberum Capital Limited or advice to any other person in relation to the matters contained herein.

The shares have not been, nor will they be, registered under the US 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 or under the applicable securities laws of any member state of the EEA (other than the United Kingdom), Australia, Canada, Japan, or South Africa. Subject to certain exceptions, the shares may not be offered or sold in any member state of the EEA (other than the United Kingdom), the United States, Australia, Canada, Japan or South Africa or to or for the account or benefit of any national, resident or citizen of any member state of the EEA (other than the United Kingdom), Australia, Canada, Japan or South Africa or any person located in the United States. The Issue and the distribution of this announcement in other jurisdictions may be restricted by law and the persons into whose possession this announcement comes should inform themselves about, and observe, any such restrictions.

The Directors have reserved the right, in consultation with Liberum, to increase the size of the Issue up to 30 million C Shares if overall demand exceeds 20 million C Shares, with any such increase being announced through a Regulatory Information Service.

This information is provided by RNS
The company news service from the London Stock Exchange
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