Result of Rights Issue

6 Feb 2008 15:28

Intermediate Capital Group PLC06 February 2008 NOT FOR RELEASE, DISTRIBUTION OR TRANSMISSION, DIRECTLY OR INDIRECTLY, IN ORINTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA Wednesday, 6 February 2008 Intermediate Capital Group PLC - Result of Rights Issue 96% take up of Intermediate Capital Group PLC Rights Issue. Intermediate Capital Group PLC ("ICG") today announces that it has receivedvalid acceptances in respect of 15,026,335 New Ordinary Shares, representingapproximately 96% of the total number of New Ordinary Shares offered toshareholders pursuant to the 2 for 9 rights issue announced by ICG on 10 January2008 (the "Rights Issue"). A total of 15,669,382 New Ordinary Shares wereoffered to shareholders in the Rights Issue, which closed at 11:00am today. The Rights Issue was fully underwritten by J.P. Morgan Securities Ltd. on behalfof JPMorgan Cazenove Limited. In accordance with the arrangements set out in Part III of the Rights Issueprospectus dated 11 January 2008 (the "Prospectus"), JPMorgan Cazenove Limitedwill be seeking subscribers for the remaining 643,047 New Ordinary Shares, forwhich valid acceptances were not received. The net proceeds from the sale of these New Ordinary Shares, after the deductionof the issue price of 1,150 pence per New Ordinary Share and relevant costswill, save for amounts of less than £5, be paid to shareholders who have nottaken up their entitlements, pro rata to their lapsed provisional allotments. Definitions used in the Prospectus shall have the same meanings when used inthis announcement, unless the context requires otherwise. Contacts: Intermediate Capital Group PLCTel: 020 7628 9898Tom Attwood, Managing DirectorPhilip Keller, Finance DirectorJean-Christophe Rey, Investor Relations Brunswick Group Limited - PR AdviserTel: 020 7404 5959Helen BarnesTeresa Bianchi JPMorgan Cazenove Limited - Financial Adviser, Broker and BookrunnerTel: 020 7588 2828Christopher SmithJonathan WilcoxMike Collar Numis Securities Limited - Joint Lead ManagerTel: 020 7260 1000Christopher J WilkinsonStuart Skinner This announcement does not constitute, or form part of an offer to sell, or thesolicitation of an offer to subscribe for or buy, any New Ordinary Shares. Anydecision to invest in the New Ordinary Shares should only be made on the basisof information in the Prospectus which contains further details relating to ICGin general as well as a summary of the risk factors to which an investment inthe New Ordinary Shares is subject. The Prospectus relating to the Rights Issuewas issued on 11 January 2008. None of the New Ordinary Shares have been or will be registered under the UnitedStates Securities Act 1933, as amended, or under the applicable securities lawsof any state of the United States or under the securities laws of Canada, Japan,Australia or the Republic of South Africa. Accordingly, the New Ordinary Sharesmay not be offered, sold, taken up, renounced or delivered, directly orindirectly, within the United States, Canada, Japan, Australia or the Republicof South Africa or in any country, territory or possession where to do so maycontravene local securities laws or regulations. JPMorgan Cazenove Limited ("JPMorgan Cazenove") which is authorised andregulated in the UK by the Financial Services Authority is acting exclusively asfinancial adviser, broker and bookrunner to the Company in connection with theRights Issue and not for any other person and will not be responsible to anyother person for providing the protections afforded to customers of JPMorganCazenove, or for providing advice in relation to the Rights Issue, the contentsof this announcement and the accompanying documents or any arrangements referredto therein. J.P. Morgan Securities Ltd, which is authorised and regulated in the UK by theFinancial Services Authority is acting exclusively as underwriter to the Companyin connection with the Rights Issue and not for any other person and will not beresponsible to any person for providing the protections afforded to customers ofJ.P.Morgan Securities Ltd, or for providing advice in relation to the RightsIssue, the contents of this announcement and the accompanying documents or anyarrangements referred to therein. Numis Securities Limited which is authorised and regulated in the UK by theFinancial Services Authority is acting exclusively as joint lead manager to theCompany in connection with the Rights Issue and not for any other person andwill not be responsible to any other person for providing the protectionsafforded to customers of Numis Securities Limited, or for providing advice inrelation to the Rights Issue, the contents of this announcement and theaccompanying documents or any arrangements referred to therein. The release, publication or distribution of this announcement in certainjurisdictions may be restricted by law and therefore persons in suchjurisdictions into which this announcement is released, published or distributedshould inform themselves about and observe such restrictions. Prices and values of, and income from, Ordinary Shares may go down as well as upand an investor may not get back the amount invested. It should be noted thatpast performance is no guide to future performance. Persons needing adviceshould consult an independent financial adviser. This information is provided by RNS The company news service from the London Stock Exchange