J.P. Morgan Sec PLC - Result of placing in Hikma Pharmaceuticals PLC
Press release, 23rd
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, INTO OR IN
PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.
Result of placing of ordinary shares in
Further to the announcement released on 22nd
Boehringer Ingelheim has concurrently entered into arrangements pursuant to which
Following the completion of the Placing and the Buy Back, Boehringer Ingelheim no longer holds ordinary shares in the capital of
The closing of the Placing is expected to occur on or around 25th
Boehringer Ingelheim has engaged
The Company will not receive any proceeds from the Placing.
Citi, Joint Bookrunner +44 (0) 20 7986 4000
J.P. Morgan Cazenove, Joint Bookrunner +44 (0) 20 7742 4000
Rothschild & Co, Financial Adviser +44 (0) 20 7280 5000
This announcement is restricted and is not for publication, distribution or release, directly or indirectly, in whole or in part, in or into the United States of America (including its territories and possessions, any state of the United States and the District of Columbia and collectively, the "United States"), Canada, Australia, Japan, South Africa or any other jurisdiction where such publication, distribution or release would be unlawful. The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession this document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. No action has been taken by Boehringer Ingelheim, Citi and J.P. Morgan Cazenove or any of their respective affiliates and/or Rothschild & Co that would, or which is intended to, permit an offering of the Placing Shares or possession or distribution of this announcement in any jurisdiction where action for that purpose is required.
This announcement is for information purposes only and does not constitute or form part of any offer or invitation for sale or solicitation of an offer to purchase or subscribe for securities in the United States, Canada, Australia, Japan, South Africa or any other jurisdiction and the securities referred to herein have not been registered under the securities laws of any such jurisdiction. The Placing Shares have not been and will not be registered under the United States 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 or sold, directly or indirectly, in or into the United States, absent registration under or an exemption from, or transaction not subject to, the registration requirements of, the Securities Act. No public offering of securities is being made in the United States or in any other jurisdiction.
Members of the public are not eligible to take part in the Placing. In member states of the European Economic Area (each, a "Relevant Member State"), this announcement and any offer of Placing Shares if made subsequently is directed exclusively at persons who are "qualified investors" within the meaning of Article 2(e) of the Prospectus Regulation ("Qualified Investors") and, to the extent applicable, any funds on behalf of which such a person is subscribing for and acquiring the Placing Shares and that are located in a Relevant Member State and are themselves a Qualified Investor. For these purposes, "Prospectus Regulation" means Regulation (EU) 2017/1129 (as supplemented by Commission delegated Regulation (EU) 2019/980 and Commission delegated Regulation (EU) 2019/979). In the United Kingdom this announcement is only being distributed to, and is only directed at, and any investment or investment activity to which this announcement relates is available only to, and will be engaged in only with,
The Placing Shares have not been, nor will they be, registered under or offered in compliance with the securities laws of any state, province or territory of Australia, Canada or Japan. Accordingly, the Placing Shares may not (unless an exemption under the relevant securities laws is applicable) be offered, sold, resold or delivered, directly or indirectly, in or into Australia, Canada or Japan or any other jurisdiction in which such activities would be unlawful.
No prospectus or offering document has been or will be prepared in connection with the Placing and no such prospectus is required (in accordance with the Prospectus Regulation) to be published. This announcement does not identify or suggest, or purport to identify or suggest, the risks (direct or indirect) which may be associated with an investment in Hikma or its shares. Any investment decision in connection with the Placing must be made on the basis of all publicly available information relating to Hikma and Hikma' shares. Such information has not been independently verified, and Boehringer Ingelheim, Citi and J.P. Morgan Cazenove (together, the "Managers") and their respective affiliates and/or Rothschild & Co are not responsible, and expressly disclaim any liability, for such information. The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness. Persons needing advice should consult an independent financial adviser.
Neither the content of the Company's website (or any other website) nor the content of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into or forms part of this Announcement.
This Announcement has been prepared for the purposes of complying with applicable law and regulation in the United Kingdom and the information disclosed may not be the same as that which would have been disclosed if this Announcement had been prepared in accordance with the laws and regulations of any jurisdiction outside the United Kingdom.
In connection with the Placing, each of the Managers or any of their respective affiliates may take up a portion of the Placing Shares as a principal position and in that capacity may retain, purchase, sell or offer to sell for its own account such Placing Shares and other securities of Hikma or related investments in connection with the Placing or otherwise. Accordingly, references to the Placing Shares being issued, offered, subscribed, acquired, placed or otherwise dealt in should be read as including any issue or offer to, or subscription, acquisition, placing or dealing by any of the Managers and any of their respective affiliates acting as investors for their own accounts. The Managers do not intend to disclose the extent of any such investment or transactions otherwise than in accordance with any legal or regulatory obligations to do so.
Citi and J.P. Morgan Cazenove, which are authorised by the
The contents of this Announcement are not to be construed as legal, business, financial or tax advice. Each investor or prospective investor should consult his, her or its own legal adviser, business adviser, financial adviser or tax adviser for legal, financial, business or tax advice.
Certain figures contained in this announcement, including financial information, have been subject to rounding adjustments. Accordingly, in certain instances, the sum or percentage change of the numbers contained in this announcement may not conform exactly with the total figure given.
This announcement includes statements that are, or may be deemed to be, forward-looking statements. These forward-looking statements may be identified by the use of forward-looking terminology, including the terms "intends", "expects", "will", or "may", or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. These forward-looking statements include all matters that are not historical facts and include statements regarding intentions, beliefs or current expectations. No assurances can be given that the forward-looking statements in this announcement will be realised. As a result, no undue reliance should be placed on these forward-looking statements as a prediction of actual events or otherwise. The Company, Boehringer Ingelheim, the Managers and/or Rothschild & Co each expressly disclaim any obligation or undertaking to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, unless required to do so by applicable law or regulation.
Rothschild & Co is acting for Boehringer Ingelheim only in connection with the Placing and no one else, and will not be responsible to anyone other than Boehringer Ingelheim for providing the protections offered to clients nor for providing advice in relation to the Placing Shares or the Placing, the contents of this announcement or any transaction, arrangement or other matter referred to in this announcement.
This information is provided by RNS, the news service of the
Quick facts: Hikma Pharmaceuticals PLC
Market Cap: £5.37 billion
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