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Just Retirement Group PLC Announces Pricing Of Initial Public Offering


Tuesday, 12 Nov 2013 02:01am EST 

Just Retirement Group PLC announced the pricing of its Initial Public Offering (the IPO or the Offer). The offer price has been set at 225 pence per Share (the Offer Price). The Offer comprises 152,534,950 Shares, excluding over-allotment arrangements, representing 30.5% of the Company's issued ordinary share capital on Admission. Total gross proceeds raised by the Company and Avallux S.à r.l. (Avallux), certain directors of the Company and certain members of the Company's senior management (the Director and Senior Management Selling Shareholders), Michael Fuller, Ogier Employee Benefit Trustee Limited (acting in its capacity as trustee of the Just Retirement Employee Benefit Trust), Ogier Nominee Holdings Limited (acting in its capacity as nominee for certain Director and Senior Management Selling Shareholders) and Ogier Employee Benefit Trustee Limited (acting in its capacity as trustee of the Just Retirement Employee Benefit Trust acting in its capacity as nominee for certain Director and Senior Management Selling Shareholders) (collectively, the Selling Shareholders) in the Offer will be approximately GBP343.2 million, assuming no exercise of the over-allotment option. Assuming exercise in full of the over-allotment option, the total gross proceeds will be approximately GBP394.7 million.