23 Jul 2006
Purchase of B shares - initial 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 and Merrill Lynch International (together, the "Brokers") for the purposes of the Initial Purchase 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, the Brokers hereby agree to purchase, acting as principals, 531,418,368 B Shares, being the number of B Shares in respect of which valid elections have been received and not withdrawn in favour of, or which have defaulted to, participation in the Initial Purchase Offer, in an on-market transaction on the terms set out in the Circular. The Brokers 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 relevant Shareholders will have their CREST accounts credited, as appropriate, in respect of the proceeds of the B Shares purchased under the Initial Purchase Offer on or around 27 July 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 balance of B Shares, on or around the same date.
