Experian raises £800 million

Source: Experian

Experian Group Limited (Experian), the global information solutions company, is pleased to announce that its Global Offer has been completed successfully at a price of 560 pence per share (the Offer Price).

Don Robert, Chief Executive Officer of Experian, said: "We are delighted with the offer price for Experian's shares, valuing the company at £5.7 billion. The success of the offer reflects Experian's global leadership position and its excellent growth potential. We look forward with confidence to the future as an independent company."

Details of Global Offer

The Global Offer comprised a pre-emptive offer of new shares to existing GUS plc shareholders (excluding certain overseas shareholders) on a pro rata basis (the Existing Shareholder Offer) and a non pre-emptive offer to institutional and certain other investors (the New Investor Offer).

GUS shareholders applied for a total of £275 million under the Existing Shareholder Offer. Under the terms of the Global Offer, entitlements not taken up under the Existing Shareholder Offer were added to the New Investor Offer. As a consequence, the New Investor Offer was £525 million and the Global Offer raised a total of £800 million before the payment of commissions, fees and expenses of approximately £20 million. A shareholder holding 1,000 GUS shares, who applied for their full existing shareholder offer entitlement, would receive 123 shares at the offer price.

The shares being issued in the Global Offer represent approximately 14% of Experian's issued ordinary share capital following the Global Offer.

The total number of new Experian shares to be issued under the Global Offer is approximately 143 million. Following the demerger from GUS and the Global Offer, Experian will have a total of approximately 1,020 million ordinary shares in issue, of which 15 million will be held in an ESOP trust.

Application has been made for, and the Global Offer is conditional upon, inter alia, admission of the Global Offer shares to listing on the Official List of the Financial Services Authority and to trading on the London Stock Exchange's market for listed securities (together Admission) becoming effective by 8.00 a.m. on 11 October 2006 (or such later time or date as the Global Co-ordinators and Experian may agree). Subject to these conditions being satisfied, the Global Offer shares will be issued credited as fully paid and will rank pari passu in all respects with Experian's other ordinary shares.

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