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Countrywide PLC Announces Admission To Trading On London Stock Exchange And Exercise Of Over-Allotment Option

Tuesday, 26 Mar 2013 03:00am EDT 

Countrywide PLC announced that Further to its announcement on March 20. 2013 relating to its initial public offering (the Offer), Countrywide plc (the Company or Countrywide and together with other members of its group, the Group) now announced that Goldman Sachs International (the Stabilisation Manager) has exercised in its entirety the over-allotment option (the Over-allotment Option) for 5,714,285 ordinary shares in Countrywide (the Shares), taking the total number of Shares that were subject to the Offer to 64,001,313. Net proceeds received by the Company from the exercise of the Over-allotment Option are approximately GBP19.5 million. Accordingly stabilisation will not be undertaken in connection with the Offer. Countrywide also announced that its entire ordinary share capital of 219,444,961 Shares will today be admitted to the premium listing segment of the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities under the ticker CWD. 

Company Quote

-18.6 -3.85%
12:07pm EDT