26 Apr 2011 16:07

Stobart Group Limited ("Stobart" or the "Company")
PUBLICATION OF PROSPECTUS
Further to the announcement on 21 April 2011 in relation to a proposed share issue to raise gross proceeds of approximately £119.9 million (approximately £114.9 million net of expenses) through the issue of 77,339,766 new ordinary shares by way of a placing and open offer at a price of 155p per new ordinary share, Stobart announces that a prospectus relating to the Placing and Open Offer (the "Prospectus") has been approved by the UK Listing Authority (the "UKLA") today.
The Prospectus is expected to be posted to shareholders later today, and a copy of the Prospectus, which includes a notice convening a general meeting of Stobart to be held at the Fermain Valley Hotel, Fermain Lane, St. Peter Port, Guernsey GY1 1ZZ at 10.00 a.m. on Wednesday 18 May 2011, has been submitted to the National Storage Mechanism and will shortly be available for inspection at www.hemscott.com/nsm.do.
In addition, the Prospectus will shortly be available to view, other than in certain jurisdictions, on the Company's website at www.stobartgroup.co.uk and will be available for inspection at the offices of Hill Dickinson LLP, Irongate House, 22-30 Duke's Place London, EC3A 7HX during usual business hours on any weekday (Saturdays, Sundays and public holidays excepted).
The following timetable sets out the expected timing of principal events. Any changes will be notified via a regulatory information service:
Event | Date |
Record Date for the Open Offer | Â close of business on 19 April 2011 |
Announcement of the Biomass Acquisition and the Placing and Open Offer | 21 April 2011 |
Publication of the Prospectus, Application Forms to Qualifying Certificated Shareholders and Forms of Proxy | 26 April 2011 |
Ex-Entitlement Date for the Open Offer | 27 April 2011 |
Open Offer Entitlements credited to stock accounts of Qualifying CREST Shareholders in CREST | 27 April 2011 |
Recommended latest time for requesting withdrawal of Open Offer Entitlements from CREST | 4.30 p.m. on 10 May 2011 |
Latest time for depositing Open Offer Entitlements into CREST | 3.00 p.m. on 11 May 2011 |
Latest time and date for splitting Application Forms (to satisfy bona fide market claims) | 3.00 p.m. on 12 May 2011 |
Latest time and date for receipt of Forms of Proxy/CREST Proxy Instructions | 10.00 a.m. on 16 May 2011 |
Latest time and date for receipt of completed Application Forms and payment in full or settlement of relevant CREST instruction under the Open Offer | 11.00 a.m. on 16 May 2011 |
Announcement of the results of the Placing and Open Offer | 17 May 2011 |
General Meeting | 10.00 a.m. on 18 May 2011 |
Completion of the Biomass Acquisition | 19 May 2011 |
Admission of the New Ordinary Shares effective and dealings expected to commence | 8.00 a.m. on 19 May 2011 |
CREST accounts credited with New Ordinary Shares | 19 May 2011 |
Preliminary announcement of audited results for the year ended 28 February 2011 | 23 May 2011 |
Despatch of definitive share certificates in respect of New Ordinary Shares | by 26 May 2011 |
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ENQUIRIES:
Stobart Group 01925 605400
Andrew Tinkler, Chief Executive Officer
Ben Whawell, Chief Financial Officer
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Halkin Communications
Jessica Shepherd-Smith 07787 518 262
Katie Bell 07887 822 221
Sara Batchelor 07904 680 547
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Influence 0207 2879610
James Andrew 07772 534 985
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Cenkos Securities 020 7397 8900
Nicholas Wells, Stephen Keys, Adrian Hargrave