DONCASTERS makes announcement.DERBYSHIRE, England--(BUSINESS WIRE)--January 30, 1997--DONCASTERS plc announced the initial public offering of 8 million American Depositary Shares American Depositary Share (ADS) Foreign stock issued in the US and registered in the ADR system. (ADSs) at $16.50 per ADS in simultaneous United States and international offerings. Each ADS represents two ordinary shares. All of the ADSs are being sold by Inco Europe Limited (the Selling Shareholder ). The ADSs will trade on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol DCS (1) See also DSC. (2) Digital Cross-connect System) A network switching and grooming device used by telecom carriers. See digital cross-connect. . The Company will not receive any of the proceeds from the sale of ADSs by the Selling Shareholder. If the over-allotment option is exercised the Company will use the net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). from the sale of the optional ADSs for general corporate purposes, which may include acquisitions of complementary businesses. The Company is a leading manufacturer of highly-engineered components for tolerance-critical applications, primarily in the aerospace and industrial gas and steam turbine industries. The Company also produces precision-engineered parts, subassemblies and modules to its customers specifications in a wide range of specialty metals and alloys. Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. and Schroder Wertheim & Co. are the managers of the US syndicate offering of 5.6 million ADSs and Credit Suisse First Boston and Schroders are the lead Managers of the international offering of 2.4 million ADSs. The Company has granted the Underwriters and Managers an option to purchase up to an additional 800,000 ADSs to cover over-allotments, if any. A copy of the prospectus relating to the offering may be obtained from Credit Suisse First Boston Corporation, Eleven Madison Avenue, Prospectus Department, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , New York 10010-3629, (Telephone Number 212-325-2580). Company Contact: Michael Nicholas,Chief Financial Officer (011-44-1-332-864900) CONTACT: CREDIT SUISSE FIRST BOSTON CORPORATION JOSEPH D. FASHANO, 212-325-8278 |
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