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 £1m 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.
