PRESS RELEASE – FOR IMMEDIATE RELEASE
17 December 2008
Reinet Investments Rights Issue - Optional Placing
The Board of Reinet Investments Manager SA on behalf of Reinet Investments SCA announces that, following the successful conclusion of the rights issue and the auction of unexercised rights, the underwriters have informed the company that they will not participate in the optional placing. Shareholders are reminded that the terms of the rights issue provided that the underwriters, at their option, could contribute additional shares in British American Tobacco plc in exchange for further shares to be issued by Reinet Investments SCA.
The Reinet rights issue was concluded on Monday 15 December 2008. 92.9 per cent of the available subscription rights were taken up by shareholders exercising 101 163 315 warrants. The remaining 7 692 955 warrants were sold at auction on Monday 15 December, with the underwriters acquiring 7 648 575 subscription rights at an average price of 1.45.
Following the completion of the rights issue process, there are now 195 941 286 Reinet shares in issue.
Further information:
Mr Alan Grieve
Chief Financial Officer
Reinet Investments SCA
Tel: +352 22 7252
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Reinet Investments S.C.A.
Registered office: 35, Boulevard Prince Henri, L-1724 Luxembourg