25 Jun 2009 11:06
| FOR IMMEDIATE RELEASE |
| NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL |
| THIS ANNOUNCEMENT IS AN ADVERTISEMENT AND DOES NOT CONSTITUTE A PROSPECTUS OR PROSPECTUS EQUIVALENT DOCUMENT. NOTHING IN THIS ANNOUNCEMENT SHOULD BE INTERPRETED AS A TERM OR CONDITION OF THE FIRM PLACING AND PLACING AND OPEN OFFER. ANY DECISION TO PURCHASE, OTHERWISE ACQUIRE, SUBSCRIBE FOR, SELL OR OTHERWISE DISPOSE OF ANY NEW SHARES MUST BE MADE ONLY ON THE BASIS OF THE INFORMATION CONTAINED IN AND INCORPORATED BY REFERENCE INTO THE PROSPECTUS. COPIES OF THE PROSPECTUS WILL BE AVAILABLE ON PUBLICATION FROM DEVELOPMENT SECURITIES' REGISTERED OFFICE AND WEBSITE: WWW.DEVELOPMENTSECURITIES.CO.UK |
| DEVELOPMENT SECURITIES PLC |
| PUBLICATION OF PROSPECTUS |
| 25 June 2009 |
Two copies of the prospectus dated 24 June 2009 (the "Prospectus") relating to the firm placing of 16,666,667 new shares and the placing and open offer of 24,986,593 new shares at 240 pence per share have been submitted to the UK Listing Authority and will be available for inspection at the UK Listing Authority's Document Viewing Facility, which is situated at 25 The North Colonnade, Canary Wharf, London E14 5HS. A copy of the Prospectus will also be available on Development Securities' website (www.developmentsecurities.co.uk) or can be inspected at its registered office: Portland House, Bressenden Place, London SW1E 5DS.
For further information, please contact:
| Development Securities PLC | |
| Michael Marx (Chief Executive) | +44 (0)20 7828 4777 |
| The Communication Group plc | |
| Richard Evans | +44 (0)20 7630 1411 |
| Kit Bingham |
This announcement does not constitute or form part of any offer or invitation to purchase, otherwise acquire, subscribe for, sell, otherwise dispose of or issue, or any solicitation of any offer to sell, otherwise dispose of, issue, purchase, otherwise acquire or subscribe for, any security.
This announcement and the information contained herein is not an offer of securities for sale or solicitation to buy any securities in the United States. The new ordinary shares have not been and will not be registered under the U.S. Securities Act 1933 (the "Securities Act") or with any securities regulatory authority of any State or other jurisdiction. The new ordinary shares may not be offered, sold, taken up, exercised, resold, renounced, transferred or delivered within the United States except in certain transactions exempt from, or not subject to, the registration requirements of the Securities Act. There will be no public offer of the new ordinary shares in the United States.