PVCS.L Regulatory News (PVCS)

5 Jul 2007 16:35

PV Crystalox Solar PLC05 July 2007 05 July 2007 Not for publication, distribution or release in, or into, directly orindirectly, the United States, Canada, Australia, Japan or to US persons. The securities under the Offering are not being registered under the UnitedState Securities Act of 1933, as amended and may not be offered or sold in theUnited States or to US persons (as such terms are defined in Regulation S undersuch Act) absent registration or an exemption from registration. PV Crystalox Solar Plc ("PV Crystalox Solar" or the "Company") Announcement of Exercise of Over-Allotment Option PV Crystalox Solar Plc announces that, in connection with its initial publicoffering of ordinary shares, (the "Offering"), JPMorgan Cazenove Limited, asstabilising manager and on behalf of the underwriters of the Offering, has todaygiven notice to exercise in full the over-allotment option in respect of19,089,995 existing ordinary shares at the offer price of 130 pence per ordinaryshare. None of the proceeds arising from the exercise of the over-allotmentoption will be payable to the Company. Following the exercise of the over-allotment option, 188,081,886 ordinary shareswill be held in public hands, representing a free float of approximately 45.1per cent of the issued share capital of the Company. For further information, please contact: PV Crystalox Solar Plc Tel: +44 (0)1235 770 044Iain Dorrity, Chief Executive OfficerPeter Finnegan, Chief Financial OfficerDr Hubert Aulich, Executive Director, German Operations Tel: +49 (0)361 600 8512 JPMorgan Cazenove Limited: Tel: +44 (0)20 7588 2828Nick GarrettAlex Yule-Smith Gavin Anderson & Company Tel: +44 (0)20 7554 1400Kate HillRobert Speed This announcement and the information contained herein is not for publication,distribution or release in, or into, directly or indirectly, the United States,Canada, Australia, Japan or to US persons. The information contained herein doesnot constitute an offer of securities for sale in any jurisdiction, including inthe United States, Australia, Canada, Japan. The Offering and the distributionof this announcement and other information in connection with the Offering incertain jurisdictions may be restricted by law and persons into whose possessionthis announcement comes should inform themselves about, and observe, any suchrestrictions. Any failure to comply with these restrictions may constitute aviolation of the securities laws of any such jurisdiction. JPMorgan Cazenove Limited, which is authorised and regulated in the UnitedKingdom by the Financial Services Authority, is acting for PV Crystalox Solarand no one else in connection with the Offering referred to in this and will notbe responsible to any other person for providing the protections afforded totheir respective clients or for providing advice in relation to the Offering. This announcement does not constitute a recommendation concerning the Offeringand any subscription for or purchase of shares in PV Crystalox Solar should onlybe made on the basis of information contained in the prospectus dated 6 June2007 and any supplements thereto. The value of securities can go down as well asup. Past performance is not a guide to future performance. Potential investorsshould consult a professional adviser as to the suitability of any Offering forthe individual concerned. This information is provided by RNS The company news service from the London Stock Exchange