11 February 2011
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO CANADA, JAPAN, NEW ZEALAND, SOUTH AFRICA, SWITZERLAND, THE UNITED STATES OR ANY OTHER JURISDICTION OUTSIDE THE UNITED KINGDOM WHERE THE DISTRIBUTION OF SUCH MATERIALS MAY LEAD TO A BREACH OF ANY RELEVANT LEGAL OR REGULATORY REQUIREMENT
COPIES OF THE PROSPECTUS ARE AVAILABLE FROM FINDEL PLC'S WEBSITE AND HAVE BEEN FORWARDED TO THE NATIONAL STORAGE MECHANISM OPERATED BY MORNINGSTAR PLC
Findel plc ("Findel" or the "Company")
Publication of Prospectus
Further to the announcement this morning in relation to Findel's balance sheet restructuring, the Directors of Findel are pleased to announce that a combined prospectus and circular containing details of the proposed Rights Issue and the Placing and the terms of the New Lending Facilities, and convening a general meeting to approve certain matters necessary to implement the proposed Rights Issue and Placing (the "Prospectus"), has been posted to Qualifying Shareholders today. The Prospectus is available on the Company's website www.findel.co.uk and at the offices of Clifford Chance LLP at 10 Upper Bank Street, London, E14 5JJ.
In accordance with paragraph 9.6.1 of the FSA Listing Rules, the Prospectus has also been submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.hemscott.com/nsm.do.
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For further information, please contact:
David Sugden, Chairman
Roger Siddle, Chief Executive
Tim Kowalski, Finance Director
T: +44 (0)161 303 3465
Jonathon Brill / Oliver Winters
T: +44 (0)20 7831 3113
This announcement does not constitute or form part of any offer or invitation to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of or issue, or any solicitation of an offer to sell, otherwise dispose of, issue, purchase, otherwise acquire or subscribe for any security of the capital of the Group in any jurisdiction. This announcement is not an advertisement and does not constitute a prospectus. Nothing in this announcement should be interpreted as a term or condition of the Rights Issue or the Placing.
The distribution of this announcement and information and documentation relating to the Rights Issue and Placing may be restricted by law in certain jurisdictions. Persons to whose attention this announcement comes are required to inform themselves about and to observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. This announcement and the information contained herein are not for release, publication or distribution in or into Canada, Japan, New Zealand, South Africa, Switzerland, the United States or any other jurisdiction outside the United Kingdom where the distribution of such materials may lead to a breach of any relevant legal or regulatory requirement (a "Restricted Jurisdiction").
This announcement does not constitute an offer of securities for sale in the United States or any of the other Restricted Jurisdiction and none of the shares to be issued under the Rights Issue or the Placing have been or will be registered under the United States Securities Act of 1933, as amended (the "Securities Act") or under the securities laws of any state of the United States or any of the Restricted Jurisdictions.