Petrofac Regulatory News (PFC)

6 Oct 2005 07:04

Petrofac Limited06 October 2005 Not for distribution, directly or indirectly, in or into the United States orany jurisdiction in which such distribution would be unlawful. 6th October 2005 Exercise of Over-allotment option: Petrofac Limited In connection with the Offer in relation to the following Ordinary Shares: Petrofac Limited Ordinary Shares of US$0.025 eachISIN Code: GB00B0H2K534 In connection with the Offer, Credit Suisse First Boston (Europe) Limited asstabilisation manager (the "Stabilisation Manager"), hereby announces that ithas exercised the Over-allotment option over 14,993,928 ordinary shares grantedto it by certain of the selling shareholders, in connection with the Offer of149,939,286 ordinary shares. The Over-allotment option represents approximately10 per cent of the number of ordinary shares sold under the Offer. The Offer Price of Petrofac Limited Ordinary Shares of US$0.025 was set at 215pence on 3rd October 2005 The stabilisation period commenced at 8am on 4th October 2005 and may continueuntil close of business on 3rd November 2005. This announcement is for information purposes only and does not constitute aninvitation or offer to underwrite, subscribe for or otherwise acquire or disposeof any securities of the Issuer in any jurisdiction. This announcement and the offer of the securities to which it relates are onlyaddressed to and directed at persons outside the United Kingdom and persons inthe United Kingdom who have professional experience in matters related toinvestments or who are high net worth persons within article 12(5) of theFinancial Services and Markets Act 2000 (Financial Promotion) Order 2005 andmust not be acted on or relied on by other persons in the United Kingdom. In addition, if and to the extent that this announcement is communicated in, orthe offer of the securities to which it relates is made in, any EEA Member Statethat has implemented Directive 2003/71/EC (together with any applicableimplementing measures in any Member State, the "Prospectus Directive") beforethe publication of a prospectus in relation to the securities which has beenapproved by the competent authority in that Member State in accordance with theProspectus Directive (or which has been approved by a competent authority inanother Member State and notified to the competent authority in that MemberState in accordance with the Prospectus Directive), this announcement and theoffer are only addressed to and directed at persons in that Member State who arequalified investors within the meaning of the Prospectus Directive (or who areother persons to whom the offer may lawfully be addressed) and must not be actedon or relied on by other persons in that Member State. This announcement is not an offer of securities for sale into the United States.The securities have not been, and will not be, registered under the UnitedStates Securities Act of 1933 and may not be offered or sold in the UnitedStates absent registration or an exemption from registration. There will be nopublic offer of securities in the United States. Credit Suisse First Boston (Europe) Limited contacts: Tom Ahearne / NickWilliams / Stephane Gruffat Telephone: 020 7888 3818 Stabilisation / FSA This information is provided by RNS The company news service from the London Stock Exchange