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14 Jun 2007 14:50
PANTHEON INTERNATIONAL PARTICIPATIONS PLC RESULTS OF THE EXTRAORDINARY GENERAL MEETING AND RESULTS OF THE OPEN OFFER
The Board of Directors of Pantheon International Participations PLC (the "Company") is pleased to announce that, at an Extraordinary General Meeting of the Company held earlier today, the resolutions relating to the issue of ordinary shares in the capital of the Company by way of the placing and open offer to raise up to approximately ‚£100 million before expenses announced on 21 May 2007, being resolutions to increase the authorised share capital of the Company, to give the Directors authority to allot shares and to disapply pre-emption rights (the "Resolutions") were passed.
In consequence of the Resolutions being passed, the authorised share capital of the Company has been increased from ‚£36,124,695.73 to ‚£43,528,195.73, comprising ‚£42,528,195.73 in nominal amount of ordinary shares of 67 pence each and ‚£1,000,000 in nominal amount of redeemable shares of 1 penny each and the Directors have authority to allot up to ‚£7,403,500 in nominal amount of ordinary shares for the purpose of giving effect to the placing and open offer.
The Board is also pleased to announce that valid applications have been made under the open offer for a total of approximately ‚£33.6 million in new ordinary shares, being approximately ‚£17.6 million in respect of open offer entitlements for new ordinary shares and approximately ‚£16.0 million by way of excess applications. On the basis of current indications under the placing, the issue is likely to be over subscribed. As a result, both the placing indications and excess applications under the open offer are likely to be scaled back. A further announcement will be made in due course.
A copy of the Resolutions will shortly be available for viewing at the document viewing facility of the UKLA.
14 June 2007
Enquiries:
Rhoddy Swire +44 207 484 6200
Pantheon International Participations PLC
Michael Buckley +44 1392 477512
Capita Sinclair Henderson Ltd (company secretary)
Andrew Lebus +44 20 7484 6200
Pantheon Ventures Limited
Lewis Aldridge +44 20 7484 6200
Pantheon Ventures Limited
Andrew Zychowski +44 20 7475 6681
Dresdner Kleinwort
Robbie Robertson +44 20 7475 6674
Dresdner Kleinwort
Dresdner Kleinwort Securities Limited, which is authorised and regulated by the Financial Services Authority, is acting for the Company, and for no-one else in connection with the contents of this announcement and will not be responsible to anyone other than the Company for providing the protections afforded to customers of Dresdner Kleinwort Securities Limited, or for affording advice in relation to the contents of this announcement or any matters referred to herein. Dresdner Kleinwort Securities Limited is not responsible for the contents of this document. Dresdner Kleinwort Securities Limited has given and not withdrawn its written consent to the issue of this announcement with the inclusion of the reference to its name in the form and context in which it is included.
PANTHEON INTERNATIONAL PARTICIPATIONS PLC