17:13 Thu 19 Nov 2020
Citigroup Global Mkt - Equity Placing in Helios Towers PLC
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
Press Release,
Proposed secondary placing of ordinary shares in Helios Towers plc
Millicom Holding B.V (the "Selling Shareholder") announces today its intention to sell approximately 48 million ordinary shares in the share capital of Helios Towers plc ("Helios Towers" or the "Company") (the "Placing Shares") through a co-ordinated placing to eligible institutional investors by way of an accelerated bookbuild (the "Placing"). The Placing Shares are expected to represent approximately 4.8% of Helios Tower's issued share capital.
The Placing is in accordance with the Shareholders' Agreement as set out in the Company's IPO Prospectus dated
The price per Placing Share will be determined by way of an accelerated bookbuild process to eligible institutional investors. The bookbuild process will commence with immediate effect following this announcement and may close at any time on short notice. A further announcement will be made following the completion of the bookbuild and pricing of the Placing.
The Selling Shareholder will be locked up in respect of its residual holdings until the earlier of 90 days post settlement of the Placing or the date of publication by the Company of its next annual results, subject to customary exceptions including waiver by each of Citigroup Global Markets Limited ("Citi") and J.P. Morgan Securities plc which conducts its
Citi and J.P. Morgan Cazenove are acting as Joint Global Coordinators and Joint Bookrunners in connection with the Placing.
Helios Towers will not receive any proceeds from the Placing.
Enquiries:
Citigroup Global Markets Limited Gulfraz Qayyum
|
+44 (0) 20 7500 5000 |
J.P. Morgan
|
+44 (0) 20 7742 4000 |
IMPORTANT NOTICE
This announcement is not for publication, distribution or release, directly or indirectly, in or into
This announcement is not an offer of securities or investments for sale nor a solicitation of an offer to buy securities or investments in any jurisdiction where such offer or solicitation would be unlawful. No action has been taken that would permit an offering of the securities or possession or distribution of this announcement in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes are required to inform themselves about and to observe any such restrictions.
The Placing Shares may not be offered to the public in any jurisdiction in circumstances which would require the preparation or registration of any prospectus or offering document relating to the Placing Shares in such jurisdiction. No action has been taken by the Selling Shareholder that would permit an offering of the Placing Shares or possession or distribution of this announcement or any other offering or publicity material relating to such securities in any jurisdiction where action for that purpose is required.
The securities referred to herein have not been and will not be registered under the
In the
In connection with any offering of the Placing Shares, Citi, J.P. Morgan Cazenove and any of their affiliates acting as an investor for their own account may take up as a proprietary position any Placing Shares and in that capacity may retain, purchase or sell for their own account such Placing Shares. In addition, they may enter into financing arrangements and swaps with investors in connection with which they may from time to time acquire, hold or dispose of Placing Shares. They do not intend to disclose the extent of any such investment or transactions otherwise than in accordance with any legal or regulatory obligation to do so.
Each Citi and J.P. Morgan Cazenove, each of which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, is acting on behalf of the Selling Shareholder and no one else in connection with any offering of the Placing Shares and will not be responsible to any other person for providing the protections afforded to any of its clients or for providing advice in relation to any offering of the Placing Shares. Neither Citi and J.P. Morgan Cazenove will regard any other person as its client in relation to the offering of the Placing Shares.
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