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Provider: Thomson Reuters Stock Report
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Provider: Reuters Investment Profile
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Intu Properties Plc Announces Results Of Placing

Wednesday, 27 Feb 2013 08:26am EST 

Intu Properties Plc announced the completion of the placing announced earlier on February 27, 2013 (the Placing). A total of 86 million new ordinary shares of 50 pence each in Intu (the Placing Shares) have been placed by BofA Merrill Lynch, UBS Limited and HSBC Bank plc, raising gross proceeds of approximately GBP280 million. Sterling Placing Shares have been issued at a price of 325 pence per Placing Share and Rand Placing Shares at a price of 43.6335 Rand per Placing Share. The Placing Shares being issued represent, in aggregate, approximately 9.9%. of Intu's issued share capital immediately prior to the Placing and 28% of the Placing Shares issued were denominated in Rand. Application will be made for admission of the Placing Shares to the Official List of the Financial Services Authority and to trading on the London Stock Exchange's main market for listed securities (UK Admission). The Company will also apply to the Johannesburg Stock Exchange for the listing of the Placing Shares on the Main Board of the Johannesburg Stock Exchange. It is expected that the admission and listing of the Placing Shares on the London Stock Exchange and the Johannesburg Stock Exchange will become effective on March 06, 2013. BofA Merrill Lynch and UBS Limited acted as Joint Bookrunners and corporate brokers in connection with the Placing. HSBC Bank plc acted as Joint Bookrunner in connection with the Placing. 

Company Quote

8.6 +2.47%
10:54am EST