Proposed Placing Of Existing Shares In Darktrace
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, INTO OR IN
PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.
30 September 2021
Proposed Secondary Placing of Approximately
KKR Dark Aggregator L.P., Summit DT CLN Holdings 4 and Balderton Capital SFI, S.L.P. (together the "Sellers"), announce their intention to sell approximately
The price per Placing Share will be determined through an accelerated bookbuild process. The bookbuild process will commence with immediate effect following this announcement and may close at any time on short notice. A further announcement will be made following the completion of the bookbuild and pricing of the Placing. The timing for the close of the bookbuild and the distribution of allocations will be at the absolute discretion of the Joint Global Co-ordinators. The Company is not a party to the Placing and will not receive any proceeds from the Placing.
Each of the Sellers is subject to lock-up arrangements which were agreed at the time of Darktrace's initial public offering ("IPO") and described in Darktrace's IPO prospectus. Subject to investor demand, and following completion of the accelerated bookbuild process, the Joint Global Co-ordinators may agree to waive the Sellers' lock-up arrangements with respect to the Placing Shares intended to be sold by the Sellers in the Placing. The Sellers' lock-up arrangements as described in Darktrace's IPO prospectus will otherwise remain in place in accordance with their respective terms, subject to exceptions.
Jefferies, Berenberg and KKR Capital Markets will act as Joint Global Co-ordinators and Joint Bookrunners on the Placing. Needham and Piper Sandler will act as Joint Bookrunners on the Placing.
Simon Hardy / Dominic Lester / Rob Leach / Luca Erpici / Will Soutar
+44 (0)207 029 8000
Chris Bowman / Alex Reynolds / Andy Bickerton / Jen Clarke
+44 (0)203 207 7800
KKR Capital Markets
David Bauer / Lauren Hahn / Eric Han
+1 646 627 0270
+1 212 705 0458
+1 415 369 7298
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
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 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
No public offering of the securities referred to herein is being made in the
No offer and sale of Placing Shares is or will be made in
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 Sellers, 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"). The information contained in this announcement is for background purposes only and does not purport to be full or complete.
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.
The Joint Global Co-ordinators and Joint Bookrunners, are acting for the Sellers in connection with the Placing and no-one else and they will not be responsible to anyone other than the Sellers 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 or any other written or oral information made available to or publicly available to any interested party or its advisers, 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 persons needing advice should consult an independent financial advisor.
Information to Distributors
Solely for the purposes of the product governance requirements of Chapter 3 of the FCA Handbook Product Intervention and Product Governance Sourcebook (the "
For the avoidance of doubt, the Target Market Assessment does not constitute: (a) an assessment of suitability or appropriateness for the purposes of Chapter 9A or 10A respectively of the FCA Handbook Conduct of Business Sourcebook; or (b) a recommendation to any investor or group of investors to invest in, or purchase, or take any other action whatsoever with respect to the Ordinary Shares. Each Distributor is responsible for undertaking its own target market assessment in respect of the Ordinary Shares and determining appropriate distribution channels.