03 Sep 2006
Purchase of B shares - company offer
- Financial
This document should not be transmitted, distributed, published or released in whole or in part in or into Australia, Canada, Japan or the United States of America or in or into any other jurisdiction in which such act would constitute a violation of any relevant laws of such jurisdiction.
3i Group plc (the "Company") has appointed Dresdner Kleinwort Wasserstein Securities Limited ("Dresdner Kleinwort") for the purposes of the Company Offer as defined in and to be implemented in accordance with the Company''s circular to Shareholders dated 15 June 2006 (the "Circular").
As contemplated in the Circular, Dresdner Kleinwort hereby agrees to purchase, acting as agent for the Company, 11,111,911 B Shares, being the number of B Shares in respect of which valid elections have been received and not withdrawn in favour of participation in the Company Offer, in an on-market transaction on the terms set out in the Circular. The Company, through Dresdner Kleinwort, will purchase B Shares for 127 pence each, free of all dealing expenses and commissions.
It is expected that cheques will be sent to relevant Shareholders or payments will be made to relevant Shareholders through the Bankers Automated Clearing System, as appropriate, in respect of the proceeds of the B Shares purchased under the Company Offer on or around 11 September 2006. It is expected that sales advices and balance B Share certificates will be sent to relevant Shareholders, and CREST accounts of relevant Shareholders credited with any balances of B Shares, on or around the same date.
