The Laclede Group Announces Proposed Offering of Common Stock

ST. LOUIS, May 20, 2013 /PRNewswire/ -- The Laclede Group (NYSE: LG) (the "Company") announced today that it plans to commence a registered underwritten public offering of up to 8,700,000 shares of its common stock.  In addition, the Company expects to grant the underwriters an option for a period of 30 days to purchase up to 1,305,000 additional shares of the Company's common stock. The Company intends to use the net proceeds from this offering to fund a portion of the cash consideration payable in connection with the pending acquisition of Missouri Gas Energy, a division of Southern Union and for general corporate purposes.

Wells Fargo Securities, BofA Merrill Lynch, J.P. Morgan and Morgan Stanley are acting as book-running managers of the offering.  Copies of the prospectus and prospectus supplement relating to the shares of common stock in this offering may be obtained from the offices of 1) Wells Fargo Securities at 375 Park Avenue, New York, NY 10152, Attn:  Equity Syndicate Dept., by calling toll free 1-800-326-5897, or by e-mail at cmclientsupport@wellsfargo.com, 2) BofA Merrill Lynch at 222 Broadway, New York, NY 10038, Attn:  Prospectus Department, or by e-mail at dg.prospectus_requests@baml.com, 3) J.P. Morgan at 1155 Long Island Avenue, Edgewood, NY 11717, Attn: Broadridge Financial Solutions, or by calling toll free 1-866-803-9204, and 4) Morgan Stanley at 180 Varick Street, 2nd Floor, New York, NY 10014, Attn: Prospectus Department, by calling toll free 1-866-718-1649, or by e-mail at prospectus@morganstanley.com.  

A shelf registration statement relating to the securities in this offering has been filed previously with the Securities and Exchange Commission and is effective.  This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction to any person to whom it is unlawful to make an offer, solicitation or sale in such jurisdiction.  The offering of these securities will be made only by means of the prospectus supplement and accompanying prospectus.

ABOUT THE LACLEDE GROUP
The Laclede Group, Inc. (NYSE: LG), headquartered in St. Louis, Missouri, is a public utility holding company.  Its subsidiary, Laclede Gas Company, the regulated operations of which are included in the Gas Utility segment, serves approximately 630,000 residential, commercial and industrial customers in St. Louis City and parts of 10 counties in eastern Missouri. Laclede's primary non-utility business, Laclede Energy Resources, Inc., included in the Gas Marketing segment, provides non-regulated natural gas services. Laclede Group is committed to pursuing growth through 1) developing and investing in emerging technologies; 2) investing in infrastructure; 3) acquiring businesses to which the Company can apply its operating model, and 4) leveraging its current business unit competencies. For more information about Laclede and its subsidiaries, visit www.TheLacledeGroup.com.

CAUTIONARY STATEMENTS ON FORWARD-LOOKING INFORMATION

This news release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. The Company's future operating results may be affected by various uncertainties and risk factors, many of which are beyond the Company's control, including weather conditions, economic factors, the competitive environment, governmental and regulatory policy and action, and risks associated with the Company's pending acquisition. For a more complete description of these uncertainties and risk factors, see the Company's Annual Report on Form 10-K for the fiscal year ended September 30, 2012, filed with the Securities and Exchange Commission and the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2013.   

SOURCE The Laclede Group, Inc.



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http://www.TheLacledeGroup.com.

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