Utilico Investments Limited ("Utilico")
Utilico Finance Limited ("Utilico Finance")
(together the "Group")
Result of Placing
On 28 September 2012, Utilico Finance Limited, a wholly owned subsidiary of Utilico Investments Limited, published a supplementary prospectus in connection with the placing of up to 27,592,413 new 2018 Zero Dividend Preference Shares ("2018 ZDP Shares"), as further described in a prospectus published by Utilico Finance on 2 December 2011.
The Board of Utilico Finance is pleased to announce today that Utilico Finance has placed 27,592,413 new 2018 ZDP Shares at 105.37 pence per share. 15,305,037 of the new 2018 ZDP Shares have been placed with certain institutional and other investors raising gross proceeds of £16.1 million. The remaining 12,287,376 new 2018 ZDP Shares, pursuant to the announcement on 28 September 2012, are being subscribed for by Utilico and will be held by Utilico for investment purposes in accordance with its investing policy.
Admission and dealings
An application will shortly be made for the 2018 ZDP Shares to be admitted to the Official List and to trading on the London Stock Exchange and dealings are expected to commence at 8.00 a.m. on 25 October 2012. It is anticipated that CREST accounts will be credited (where applicable) on the same day and new share certificates will be issued as soon as practicable following admission.
Following admission, the Group's share capital will comprise 99,632,214 Ordinary Shares, 39,342,809 2012 ZDP Shares, 47,500,000 2014 ZDP Shares, 47,500,000 2016 ZDP Shares and 49,842,413 2018 ZDP Shares.
Terms used and not defined in this announcement bear the meaning given to them in the Prospectus dated 2 December 2011, the Supplementary Prospectus dated 2 March 2012 or the Supplementary Prospectus dated 28 September 2012.
For further information please contact:
ICM Investment Research Limited
Charles Jillings Tel: +44 (0) 1372 271486
Westhouse Securities Limited
Alastair Moreton/Darren Vickers Tel: +44 (0) 20 7601 6118
This information is provided by RNS