TIDMFSF TIDMFSG
RNS Number : 0330T
Foresight Sustain. Forestry Co PLC
19 November 2021
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR
INDIRECTLY, IN OR TO THE UNITED STATES, AUSTRALIA, CANADA, NEW
ZEALAND, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR ANY MEMBER STATE OF
THE EEA OR ANY OTHER JURISDICTION IN WHICH THE PUBLICATION,
DISTRIBUTION OR RELEASE OF THIS ANNOUNCEMENT WOULD BE UNLAWFUL. THE
INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE OR FORM PART OF
ANY OFFER TO SELL, OR ANY SOLICITATION OF ANY OFFER TO SUBSCRIBE OR
PURCHASE, ANY INVESTMENT IN ANY JURISDICTION. PLEASE SEE THE
SECTION ENTITLED "DISCLAIMER" TOWARDS THE OF THIS ANNOUNCEMENT.
This announcement does not constitute, and may not be construed
as, an offer to sell or an invitation to purchase, investments of
any description, or the provision of investment advice by any
party.
19 November 2021
Foresight Sustainable Forestry Company Plc (the "Company")
Results of Initial Public O ering
The Board of Directors of Foresight Sustainable Forestry Company
Plc is pleased to announce that the Company will issue a total of
130,000,000 Ordinary Shares in its Initial Public O ering ("IPO")
on the Premium Segment of the Official List and the Main Market of
the London Stock Exchange, raising gross proceeds of GBP130 million
at the Issue Price of 100 pence per Ordinary Share by way of its
Initial Placing, O er for Subscription and Intermediaries
Offer.
Richard Davidson, prospective Chairman of Foresight Sustainable
Forestry Company Plc, said:
"Foresight Sustainable Forestry Company offers a unique
investment opportunity in UK forestry which has been reflected by
the demand we have seen from both institutional and retail
investors. We are delighted to be listing and would like to warmly
welcome all our new investors who wish to play a part in the
Company's exciting future. We now look forward to delivering on our
targeted returns, development plans and investment pipeline."
Bernard Fairman, Executive Chairman and Co-Founder of Foresight
Group, said:
"Having recognised a few years ago the vital role that forestry
needs to play in the battle against climate change and its unique
attractions as a truly sustainable asset class, the team at
Foresight Group is extremely pleased to see Foresight Sustainable
Forestry Company listing on the London Stock Exchange. COP26
recently underlined the huge importance of forests and
afforestation projects worldwide; the UK is one of the least
forested countries in Europe and with its UK focus, this is an
investment company which will make a real sustainability,
biodiversity and ESG impact in this country."
Applications for Admission
Application has been made for 130,000,001 Ordinary Shares to be
admitted to the premium listing segment of the O cial List of the
UK Listing Authority and to trading on the Main Market of the
London Stock Exchange (which includes one Ordinary Share issued on
incorporation of the Company). It is expected that Initial
Admission will become e ective and dealings in the Ordinary Shares
will commence on the London Stock Exchange at 8.00 a.m. on 24
November 2021.
Capitalised terms shall have the same meaning attributed to them
in the Company's prospectus dated 28 October 2021 unless otherwise
defined in this announcement.
Dealing codes
The dealing codes for the Ordinary Shares are follows:
ISIN GB00BMDPKM71
SEDOL BMDPKM7
Ticker FSF
LEI: 213800W5S9JG5JFGYO91
For further information, please contact:
Foresight Sustainable Forestry Company Plc
Robert Guest
Richard Kelly
fsfc@foresightgroup.eu +44 20 3667 8100
Jefferies International Limited
Neil Winward
Will Soutar +44 20 7029 8000
Citigate Dewe Rogerson
Toby Moore (toby.moore@citigatedewerogerson.com)
Nick Reading ( nick.reading@citigatedewerogerson.com +44 7768 981763
) +44 7702 718740
Disclaimer
This announcement does not constitute, and may not be construed
as, an offer to sell or an invitation to purchase investments of
any description, or the provision of investment advice by any
party. No information set out in this announcement is intended to
form the basis of any contract of sale, investment decision or any
decision to purchase Ordinary Shares in the Company.
Jefferies International Limited ("Jefferies") is authorised and
regulated in the United Kingdom by the Financial Conduct Authority.
Each of the Investment Manager and Jefferies is acting exclusively
for the Company in connection with the matters described in this
announcement and neither the Investment Manager nor Jefferies is
acting for or advising any other person, or treating any other
person as their respective client, in relation thereto and neither
the Investment Manager nor Jefferies will be responsible for
providing the regulatory protection afforded to their respective
clients or advice to any other person in relation to the matters
contained herein. This does not exclude any responsibilities or
liabilities of Jefferies under the Financial Services and Markets
Act 2000 (FSMA) or the regulatory regime established
thereunder.
This announcement is not for publication or distribution,
directly or indirectly, in or into the United States of America.
This announcement is not an offer of securities for sale into the
United States. The securities referred to herein may not be offered
or sold in the United States, except pursuant to an applicable
exemption from registration. No public offering of securities is
being made in the United States.
The Ordinary Shares have not been and will not be registered
under the United States Securities Act of 1933, as amended (the "US
Securities Act"), or with any securities regulatory authority of
any state or other jurisdiction of the United States, and may not
be offered, sold, resold, pledged, delivered, distributed or
otherwise transferred, directly or indirectly, into or within the
United States. Outside the United States, the Ordinary Shares may
be sold to persons who are not "US Persons", as defined in and
pursuant to Regulation S under the US Securities Act ("US
Persons"). The Company has not been and will not be registered
under the US Investment Company Act and investors are not and will
not be entitled to the benefits of the US Investment Company
Act.
In addition, the Ordinary Shares have not been, nor will they
be, registered under the applicable securities laws of Australia,
Canada, New Zealand, the Republic of South Africa or Japan. Subject
to certain exceptions, the Ordinary Shares may not be offered or
sold in, Australia, Canada, New Zealand, the Republic of South
Africa, Japan or any member state of the EEA (other than to
professional investors in certain EEA member states in which the
Company is registered with the national private placement regime)
or to, or for the account or benefit of, any national, resident or
citizen of the United States, Australia, Canada, New Zealand, the
Republic of South Africa, Japan or any member state of the EEA
(other than to professional investors in certain EEA member states
in which the Company is registered with the national private
placement regime). The issue of Ordinary Shares to investors
subscribing for Ordinary Shares, and the distribution of this
announcement, in other jurisdictions may be restricted by law and
the persons into whose possession this announcement comes should
inform themselves about, and observe, any such restrictions.
The value of shares and the income from them is not guaranteed
and can fall as well as rise due to stock market and currency
movements. When you sell your investment you may get back less than
you originally invested. Figures refer to past performance and past
performance is not a reliable indicator of future results. Returns
may increase or decrease as a result of currency fluctuations.
This announcement may include statements that are, or may be
deemed to be, "forward-looking statements". These forward-looking
statements can be identified by the use of forward-looking
terminology, including the terms "believes", "estimates",
"anticipates", "expects", "intends", "may", "will", "targeting" or
"should" or, in each case, their negative or other variations or
comparable terminology. All statements other than statements of
historical facts included in this announcement, including, without
limitation, those regarding the Company's financial position,
strategy, plans, proposed acquisitions and objectives, are
forward-looking statements.
Forward-looking statements are subject to risks and
uncertainties and, accordingly, the Company's actual future
financial results and operational performance may differ materially
from the results and performance expressed in, or implied by, the
statements. These factors include but are not limited to those
described in the Prospectus. These forward-looking statements speak
only as at the date of this announcement and cannot be relied upon
as a guide to future performance. The Company, the Investment
Manager and Jefferies expressly disclaim any obligation or
undertaking to update or revise any forward-looking statements
contained herein to reflect actual results or any change in the
assumptions, conditions or circumstances on which any such
statements are based unless required to do so by the Financial
Services and Markets Act 2000, EU Prospectus Regulation (2017/1129)
which is part of UK law by virtue of the European Union
(Withdrawal) Act 2018 (as amended and supplemented from time to
time (including, but not limited to, by the UK Prospectus Amendment
Regulations 2019 and The Financial Services and Markets Act 2000
(Prospectus) Regulations 2019), the Prospectus Regulation Rules of
the Financial Conduct Authority, the UK version of Regulation (EU)
No 596/2014 of the European
Parliament and of the Council on 16 April 2014 on market abuse
which is part of UK law by virtue of the European Union
(Withdrawal) Act 2018 (as amended and supplemented from time to
time) or other applicable laws, regulations or rules.
None of the Company, the Investment Manager, Jefferies, or any
of their respective affiliates, accepts any responsibility or
liability whatsoever for, or makes any representation or warranty,
express or implied, as to this announcement, including the truth,
accuracy or completeness of the information in this announcement
(or whether any information has been omitted from the announcement)
or any other information relating to the Company or associated
companies, whether written, oral or in a visual or electronic form,
and howsoever transmitted or made available or for any loss
howsoever arising from any use of the announcement or its contents
or otherwise arising in connection therewith. The Company, the
Investment Manager, Jefferies, and their respective affiliates,
accordingly disclaim all and any liability whether arising in tort,
contract or otherwise which they might otherwise have in respect of
this announcement or its contents or otherwise arising in
connection therewith.
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END
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