Last checked at 16 Oct 2017 17:00
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16 October 2017
Glenveagh Properties PLC
Exercise of Over-allotment Option and Post-Stabilisation Period Announcement
Further to the pre-stabilisation period announcement dated 10 October 2017, Credit Suisse Securities (Europe) Limited ("Credit Suisse") (contact: Lloyd Adams; telephone: +44 20 7888 6341) hereby gives notice that no stabilisation (within the meaning of Article 3.2(d) of the Market Abuse Regulation (EU/596/2014) was or will be undertaken by Credit Suisse (as "Stabilisation Manager") in relation to the offer of the following securities:
Issuer: | Glenveagh Properties PLC |
Guarantor (if any): | N/A |
Aggregate nominal amount: | 500,000,000 fully paid ordinary shares of €0.001 each |
Description: | Initial Public Offering of ordinary shares of €0.001 each |
Stabilisation Manager(s): | Credit Suisse Securities (Europe) Limited |
Offer price: | €1 per ordinary share |
On 16th October 2017, Credit Suisse, as Stabilisation Manager, exercised in full the over-allotment option granted by Glenveagh Properties PLC ("Glenveagh") in respect of 50,000,000 ordinary shares in Glenveagh (the "Over-allotment Shares") at the offer price of €1 per Over-allotment Share.
Following the exercise of the over-allotment option, the stabilisation period (initially expected to conclude by 8 November 2017) is hereby terminated as of the date hereof.
Although stabilisation offers were made, no stabilisation transactions were carried out.
This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of Glenveagh in any jurisdiction.
This announcement is not for publication or distribution, directly or indirectly, in or into the United States. This announcement is not an offer to sell or the solicitation of an offer to purchase or subscribe for any securities of the Issuer in the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or under the securities laws of any state or other jurisdiction of the United States, and may not be offered, sold or resold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States. There will be no public offering of securities in the United States.
In addition, if and to the extent that this announcement is communicated in, or the offer of the securities to which it relates is made in, any EEA Member State that has implemented Directive 2003/71/EC (together with any applicable implementing measures in any Member State, the "Prospectus Directive") before the publication of a prospectus in relation to the securities which has been approved by the competent authority in that Member State in accordance with the Prospectus Directive (or which has been approved by a competent authority in another Member State and notified to the competent authority in that Member State in accordance with the Prospectus Directive), this announcement and the offer are only addressed to and directed at persons in that Member State who are "qualified investors" within the meaning of the Prospectus Directive (or who are other persons to whom the offer may lawfully be made) and must not be acted on or relied on by other persons in that Member State.