Geong International Limited Rule 2.10 Update
August 25 2015 - 2:06AM
UK Regulatory
TIDMGNG
GEONG International Limited
("Geong" or the "Company")
Geong International Limited
Rule 2.10 Update
In accordance with Rule 2.10 of the Code, Geong confirms that, as of the date
of the announcement, it has in issue 37,834,622 ordinary shares of 1 penny each
("Ordinary Shares") with no Ordinary Shares held in treasury. In addition to
this, Geong has GBP1m of convertible unsecured loan stock, which is convertible
into Ordinary Shares at a price of 5 pence per Ordinary Share and is due to be
redeemed on 30 September 2015. This equates to 20,000,000 Ordinary Shares,
which if converted, would represent 34.6% of Geong's issued share capital. The
International Securities Identification Number ("ISIN") of the Ordinary Shares
is GB00B1570688. The convertible unsecured loan stock referred to above does
not have an ISIN.
For further information, please contact:
GEONG International
Limited Tel: +86
10 8586 9655
Henry Tse, Chairman
Weidong Wang, CEO
finnCap Ltd - Nomad and broker
Jonny Franklin-Adams / Scott Mathieson
Tel: +44 (0) 20 7220 0500
Disclosure requirements of the Code
Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of
any class of relevant securities of an offeree company or of any securities
exchange offeror (being any offeror other than an offeror in respect of which
it has been announced that its offer is, or is likely to be, solely in cash)
must make an Opening Position Disclosure following the commencement of the
offer period and, if later, following the announcement in which any securities
exchange offeror is first identified. An Opening Position Disclosure must
contain details of the person's interests and short positions in, and rights to
subscribe for, any relevant securities of each of (i) the offeree company and
(ii) any securities exchange offeror(s). An Opening Position Disclosure by a
person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm
(London time) on the 10th business day following the commencement of the offer
period and, if appropriate, by no later than 3.30 pm (London time) on the 10th
business day following the announcement in which any securities exchange
offeror is first identified. Relevant persons who deal in the relevant
securities of the offeree company or of a securities exchange offeror prior to
the deadline for making an Opening Position Disclosure must instead make a
Dealing Disclosure.
Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1%
or more of any class of relevant securities of the offeree company or of any
securities exchange offeror must make a Dealing Disclosure if the person deals
in any relevant securities of the offeree company or of any securities exchange
offeror. A Dealing Disclosure must contain details of the dealing concerned and
of the person's interests and short positions in, and rights to subscribe for,
any relevant securities of each of (i) the offeree company and (ii) any
securities exchange offeror(s), save to the extent that these details have
previously been disclosed under Rule 8. A Dealing Disclosure by a person to
whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London time) on
the business day following the date of the relevant dealing.
If two or more persons act together pursuant to an agreement or understanding,
whether formal or informal, to acquire or control an interest in relevant
securities of an offeree company or a securities exchange offeror, they will be
deemed to be a single person for the purpose of Rule 8.3.
Opening Position Disclosures must also be made by the offeree company and by
any offeror and Dealing Disclosures must also be made by the offeree company,
by any offeror and by any persons acting in concert with any of them (see Rules
8.1, 8.2 and 8.4).
Details of the offeree and offeror companies in respect of whose relevant
securities Opening Position Disclosures and Dealing Disclosures must be made
can be found in the Disclosure Table on the Takeover Panel's website at
www.thetakeoverpanel.org.uk, including details of the number of relevant
securities in issue, when the offer period commenced and when any offeror was
first identified. You should contact the Panel's Market Surveillance Unit on
+44 (0)20 7638 0129 if you are in any doubt as to whether you are required to
make an Opening Position Disclosure or a Dealing Disclosure.
A copy of this announcement will be made available (subject to certain
restrictions relating to persons resident in restricted jurisdictions) at http:
//www.Geong.com by no later than 12 noon (London time) on 25 August 2015, being
the date following the date of this announcement.
Additional Information
This announcement is not intended to, and does not, constitute or form part of
any offer, invitation or the solicitation of an offer to purchase, otherwise
acquire, subscribe for, sell or otherwise dispose of, any securities, or the
solicitation of any vote or approval in any jurisdiction, pursuant to this
announcement or otherwise. Any offer, if made, will be made solely by certain
offer documentation which will contain the full terms and conditions of any
offer, including details of how it may be accepted.
The distribution of this announcement in jurisdictions other than the United
Kingdom and the availability of any offer to shareholders of Geong or Hanafin
who are not resident in the United Kingdom may be affected by the laws of
relevant jurisdictions. Therefore any persons who are subject to the laws of
any jurisdiction other than the United Kingdom or shareholders of Nigeria or
Ethiopia who are not resident in the United Kingdom will need to inform
themselves about, and observe, any applicable requirements.
END
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August 25, 2015 02:06 ET (06:06 GMT)
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