MAY Mapeley

 

TIDMMAY 
 
RNS Number : 4521M 
Mapeley Limited 
29 January 2009 
 
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO 
THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER JURISDICTION WHERE TO 
DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. 
 
 
Mapeley Limited 
 
 
Correction - Issue of Convertible Bonds 
 
 
29 January 2009 
 
 
The following announcement replaces the announcement released by Mapeley Limited 
at 09:15 on 27 January 2009 under RNS number 2986M. 
 
 
Further to Mapeley Limited's announcement on 27 January 2009, the number of 
valid applications for Convertible Bonds from shareholders, other than the 
Fortress Shareholders and their Associates, was incorrectly overstated by 
GBP2,732,310 in respect of the principal amount of the Convertible Bonds. As a 
result, the principal amount of the Convertible Bonds taken up by Fortress and 
certain of its affiliate entities was understated by GBP2,732,310. 
 
 
 
 
Mapeley Limited 
 
 
Issue of Convertible Bonds 
 
 
Mapeley Limited ("Mapeley") makes the following announcement in connection with 
its issue of GBP45,000,000 20 per cent. bonds due 2013, convertible into 
ordinary shares of Mapeley (the "Convertible Bonds"). 
 
 
As at 3 p.m. on 21 January 2009, being the latest time and date for receipt of 
valid application forms and payment in full, Mapeley had received valid 
applications from shareholders, other than the Fortress Shareholders and their 
Associates, in respect of GBP6,996,540 in principal amount of the Convertible 
Bonds. In addition, Fortress has agreed that GBP387,950 in principal amount of 
Convertible Bonds, for which it agreed to subscribe, will instead be subscribed 
by Mapeley's Employee Benefit Trust for the benefit of employees. 
 
 
In accordance with the arrangements set out in the agreement between Mapeley and 
Fortress, Fortress and certain of its affiliate entities have taken up the 
remaining GBP37,615,510 in principal amount of the Convertible Bonds. As a 
result, the relationship agreement between Mapeley, FIT Mapeley Holdings Limited 
and Fortress UK Acquisition Company has been terminated. 
 
 
Definitions used in the circular sent to shareholders and dated 24 December 2008 
shall have the same meanings when used in this announcement unless the context 
otherwise requires. 
 
 
 
 
Enquiries: 
 
 
+-------------------------------+--------------------------------------+ 
| Brunswick                     | Tel: + 44 (0)20 7404 5959            | 
+-------------------------------+--------------------------------------+ 
| Kate Holgate                  |                                      | 
+-------------------------------+--------------------------------------+ 
| Pavla Shaw                    |                                      | 
+-------------------------------+--------------------------------------+ 
|                               |                                      | 
+-------------------------------+--------------------------------------+ 
| Lazard & Co., Limited         | Tel: +44 (0)20 7187 2000             | 
+-------------------------------+--------------------------------------+ 
| William Rucker                |                                      | 
+-------------------------------+--------------------------------------+ 
| Patrick Long                  |                                      | 
+-------------------------------+--------------------------------------+ 
 
 
Lazard, who is authorised and regulated in the United Kingdom by the Financial 
Services Authority, is acting exclusively for Mapeley in relation to the 
transaction and will not be responsible to any person other than Mapeley for 
providing the protections afforded to clients of Lazard or for providing advice 
in relation to the contents of this announcement, the Circular or the 
transaction. 
 
 
This announcement does not constitute or form part of any offer or invitation to 
purchase, otherwise acquire, subscribe for, sell, otherwise dispose of or issue, 
or any solicitation of any offer to sell, otherwise dispose of, issue, purchase, 
otherwise acquire or subscribe for, any security. 
 
 
The securities mentioned herein have not been, and will not be, registered under 
the US Securities Act of 1933 (the "Securities Act"). Securities may not be 
offered or sold in the United States absent registration or an applicable 
exemption from the registration requirements of the Securities Act. There will 
be no public offer of the securities mentioned herein in the United States. 
 
 
The distribution of this announcement, the Circular, the Information Memorandum 
and/or related documents into certain jurisdictions other than the United 
Kingdom is or may be restricted by law and therefore persons into whose 
possession this announcement and any such documents come should inform 
themselves about and observe any such restrictions. Failure to comply with any 
such restrictions may constitute a violation of the securities laws of any such 
jurisdiction. 
 
 
Forward-Looking Statements 
 
 
Some of the statements contained in this announcement may include 
forward-looking statements which reflect Mapeley's or, as appropriate, the 
Directors' current views with respect to future events and financial 
performance. Statements which include the words "expect", "intend", "plan", 
"project", "anticipate", "will" and similar statements of a future or 
forward-looking nature identify forward-looking statements for the purposes of 
the US federal securities laws or otherwise. 
 
 
All forward-looking statements address matters that involve risks and 
uncertainties. Accordingly, there are or will be important factors that could 
cause Mapeley's actual results to differ materially from those indicated in 
these statements. These forward-looking statements speak only as at the date of 
this announcement. Subject to any continuing obligations under the Listing Rules 
and the Disclosure and Transparency Rules, Mapeley undertakes no obligation 
publicly to update or review any forward-looking statement contained in this 
announcement, whether as a result of new information, future developments or 
otherwise. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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