REG - Jefferies Int Ltd. Darktrace PLC Jefferies Int Ltd. - Result of Secondary Placing in Darktrace

DarktraceAnnouncement

22/03/2024 07:00

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RNS Number : 8827H  Jefferies International Limited.  22 March 2024

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE
OR IN PART, INTO OR IN THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY
OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE
LAW. THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM AN OFFER OF SECURITIES IN
THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA, JAPAN OR ANY OTHER
JURISDICTION.

PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.

22 March 2024

Results of Secondary Placing in Darktrace plc ("Darktrace" or the "Company")

Further to the announcement on 21 March 2024, KKR Dark Aggregator L.P. (the
"Seller") announces that it has sold approximately 19,400,000 ordinary shares
(the "Placing Shares") in the Company at a price of 425 pence per share (the
"Placing").

The Placing represents a full exit by the first technology growth fund (NGT I)
advised by Kohlberg Kravis Roberts & Co L.P. and its affiliates ("KKR")
that first invested in Darktrace in 2016. Settlement of the Placing is
expected to take place on 26 March 2024. The second technology growth fund
(NGT II) advised by KKR did not participate in the Placing and will continue
to hold an approximate 7.3% interest in the Company. The Seller has agreed to
a lock-up period of 60 days, subject to customary exceptions, for the
remaining shares in Darktrace held by NGT II.

The Company is not a party to the Placing and will not receive any proceeds
from the Placing.

Jefferies International Limited ("Jefferies") and Joh. Berenberg, Gossler
& Co. KG, London Branch ("Berenberg") acted as Joint Global Co-ordinators
and Joint Bookrunners on the Placing.

 

ENQUIRIES

Jefferies

Dominic Lester / Luca Erpici / Sam Barnett / Will Soutar / Oliver Berwin

+44 (0)207 029 8000

 

Berenberg

Andy Bickerton / Mark Whitmore / Milo Bonser / Callum Simpson

+44 (0)203 207 7800

 

IMPORTANT NOTICE

The publication or distribution or release of this announcement and the
Placing of the Placing Shares as set out in this announcement in certain
jurisdictions may be restricted by law. This announcement is for information
purposes only and shall not constitute or form part of an offer to buy, sell,
issue, acquire or subscribe for, or the solicitation of an offer to buy, sell,
issue, acquire or subscribe for any securities, nor shall there be any sale of
securities in any jurisdiction in which such offer, solicitation or sale would
be unlawful. No action has been taken that would permit an offering of such
shares or possession or distribution of this announcement or any other
offering or publicity material relating to such shares in any jurisdiction
where action for that purpose is required. Persons into whose possession this
announcement comes are required to inform themselves about, and to observe,
such restrictions. Any failure to comply with these restrictions may
constitute a violation of the securities laws of such jurisdictions.

Members of the general public are not eligible to take part in the Placing.
This announcement and any offer of securities to which it relates are only
addressed to and directed at (1) in the United Kingdom and in any member state
of the European Economic Area, persons who are qualified investors in such
member state within the meaning of the Prospectus Regulation (Regulation (EU)
2017/1129) (the "Prospectus Regulation") or the United Kingdom within the
meaning of the Prospectus Regulation as it forms part of retained EU law by
virtue of the European Union (Withdrawal) Act 2018 (the "UK Prospectus
Regulation") ("Qualified Investors"); and (2) in the United Kingdom, Qualified
Investors who (a) have professional experience in matters relating to
investments who fall within article 19(5) of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the "Order")
or (b)  are high net worth entities falling within article 49(2)(a) to (d)
(of the Order or (c) are persons to whom an offer of the Placing Shares may
otherwise lawfully be made ("relevant persons").  The information regarding
the Placing set out in this announcement must not be acted on or relied on by
persons in the European Economic Area who are not Qualified Investors or by
persons in the United Kingdom who are not relevant persons. Any investment or
investment activity to which this announcement relates is available in the
European Economic Area only to Qualified Investors and in the United Kingdom
only to relevant persons and will be engaged in only with such persons.

In particular, this announcement does not constitute or form part of any offer
to buy, sell, issue, acquire or subscribe for, or the solicitation of an offer
to buy, sell, issue, acquire, or subscribe for any securities in the United
States, Australia, Canada, Japan, South Africa or any other jurisdiction into
which such offer or solicitation would be unlawful.

The Placing Shares have not been and will not be registered under the United
States Securities Act of 1933, as amended (the "Securities Act"), and may not
be offered, sold or transferred, directly or indirectly, within the United
States, except pursuant to an exemption from, or in a transaction not subject
to, the registration requirements of the Securities Act and the securities
laws of any state or other jurisdiction of the United States.

No public offering of the securities referred to herein is being made in the
United Kingdom, the United States, Australia, Canada, Japan, South Africa or
any other jurisdiction.

No offer and sale of Placing Shares is or will be made in Canada, except to
persons who are: (a) an "accredited investor" within the meaning of Section
1.1 of National Instrument 45-106 - Prospectus Exemptions ("NI 45-106") of the
Canadian Securities Administrators or subsection 73.3(1) of the Securities Act
(Ontario) (the "OSA"), as applicable, and is either purchasing the Placing
Shares as principal for its own account, or is deemed to be purchasing the
Placing Shares as principal for its own account in accordance with applicable
Canadian securities laws, for investment only and not with a view to resale or
redistribution; (b) such person was not created or used solely to purchase or
hold the Placing Shares as an accredited investor under NI 45-106; (c) a
"permitted client" within the meaning of National Instrument 31-103 -
Registration Requirements, Exemptions and Ongoing Registrant Obligations ("NI
31-103") of the Canadian Securities Administrators; and (d) entitled under
applicable Canadian securities laws to purchase the Placing Shares without the
benefit of a prospectus under such securities laws.

No prospectus or offering document has been or will be prepared in connection
with the Placing.  The publicly available information of the Company is not
the responsibility of, and has not been independently verified by, the Seller,
the Joint Global Co-ordinators and Joint Bookrunners, or any of their
respective affiliates (as such term is defined under Rule 501(b) of Regulation
D of the Securities Act) (each, an "Affiliate") and each of the Seller, the
Joint Global Co-ordinators or any of their respective Affiliates disclaim any
liability for, and no representation or warranty, express or implied, is or
will be made as to, or in relation to, such information or any other written
or oral information made available, or publicly available, to any interested
party or its advisers. The information contained in this announcement is for
background purposes only and does not purport to be full or complete. No
reliance may be placed for any purposes whatsoever on the information
contained in this announcement or on its accuracy or completeness.

In connection with the Placing, the Joint Global Co-ordinators and Joint
Bookrunners or any of their Affiliates may take up a portion of the Placing
Shares as a principal position and in that capacity may retain, purchase,
sell, offer to sell for their own accounts such Placing Shares and other
securities of the Company or related investments in connection with the
Placing or otherwise. Accordingly, references to the shares being issued,
offered, subscribed, acquired, placed or otherwise dealt in should be read as
including any issue or offer to, or subscription, acquisition, placing or
dealing by, the Joint Global Co-ordinators and Joint Bookrunners and any of
their Affiliates acting as investors for their own accounts. The Joint Global
Co-ordinators and Joint Bookrunners do not intend to disclose the extent of
any such investment or transactions otherwise than in accordance with any
legal or regulatory obligations to do so.

Jefferies is authorised and regulated in the UK by the FCA (registration
number 1978621). Berenberg is authorised and regulated by BaFin and in the UK
is authorised and regulated by the FCA (registration number 959302). The Joint
Global Co-ordinators and Joint Bookrunners, are acting for the Seller in
connection with the Placing and no-one else and they will not be responsible
to anyone other than the Seller for providing for providing advice in relation
to the Placing or any other matter referred to in this announcement.

No representation or warranty, express or implied, is or will be made as to,
or in relation to, and no responsibility or liability is or will be accepted
by the Joint Global Co-ordinators and Joint Bookrunners or by any of their
Affiliates or agents as to, or in relation to, the accuracy or completeness of
this announcement and any liability therefore is expressly disclaimed.

This announcement does not purport to identify or suggest the risks (direct or
indirect) which may be associated with an investment in the Company's
securities. The price of shares and the income from them may go down as well
as up and investors may not get back the full amount invested on disposal of
the shares. Past performance is no guide to future performance and potential
investors needing advice should consult an independent financial advisor as to
the suitability of the placing for the entity or person concerned.

This announcement includes statements that are, or may be deemed to be,
forward-looking statements. These forward-looking statements may be identified
by the use of forward-looking terminology, including the terms "intends",
"expects", "will", or "may", or, in each case, their negative or other
variations or comparable terminology, or by discussions of strategy, plans,
objectives, goals, future events or intentions. These forward-looking
statements include all matters that are not historical facts and include
statements regarding intentions, beliefs or current expectations. No
assurances can be given that the forward-looking statements in this
announcement will be realised. As a result, no undue reliance should be placed
on these forward-looking statements as a prediction of actual events or
otherwise.

 

 

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