Placing and Open Offer Update

21 Feb 2006 15:50

Sanctuary Group PLC21 February 2006 21 February 2006 NOT FOR RELEASE, PUBLICATION, OR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN The Sanctuary Group plc (the "Company") Update re. Placing and Open Offer Further to the announcement released earlier this morning, the Company confirmsthat a Prospectus, incorporating a circular, setting out details of the Placingand Open Offer, the Sub-division and Consolidation and convening anExtraordinary General Meeting, has now been posted to Shareholders. Copies of the Prospectus will be available for inspection at the FinancialServices Authority's Document Viewing Facility the registered office of TheSanctuary Group plc (Sanctuary House, 45-53 Sinclair Road, London W14 0NS) andRosenblatt Solicitors (9-13 St Andrews Street, London EC4A 3AF). Words and expressions in this announcement have the same meaning as thosedefined in the Prospectus except where the context requires otherwise. Evolution Securities Limited ("Evolution Securities"), which is authorised inthe United Kingdom by the Financial Services Authority, is acting exclusivelyfor the Company as sponsor, broker and underwriter in relation to the Placingand Open Offer and no-one else in connection with the arrangements described inthis announcement and will not be responsible to anyone other than the Companyfor providing the protections afforded to customers of Evolution Securities orfor advising any other person in connection with the arrangements described inthis announcement. Neither the Existing Ordinary Shares nor the New Ordinary Shares have been, orwill be, registered under the United States Securities Act of 1933, as amended(the "Securities Act") or under the securities laws of any state of the UnitedStates nor do they qualify for distribution under any of the relevant securitieslaws of Canada, Australia, the Republic of South Africa or Japan. Accordingly,subject to certain exceptions, the New Ordinary Shares may not be, directly orindirectly, offered, sold, taken up, delivered or transferred in or intoAustralia, Canada, the Republic of South Africa, Japan or the United States,except in the United States to persons reasonably believed to be qualifiedinstitutional buyers, as defined in Rule 144A(a)(1) of the Securities Act. Overseas Shareholders and any person (including, without limitation, nomineesand trustees) who have a contractual or other legal obligation to forward thisannouncement into a jurisdiction outside the UK should seek appropriate advicebefore taking any action. This announcement does not constitute an offer or an invitation to purchase orsubscribe for any securities. 21 February 2006 Ends For further information, please contact: The Sanctuary Group plcPhilip Ranger, Director, Corporate & Investor Relations 07768 534641 020 7300 1323MerlinPaul Downes 020 7653 6620 This information is provided by RNS The company news service from the London Stock Exchange