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9 July 2020
CHINA PACIFIC INSURANCE (GROUP) CO., LTD.
(A joint stock company incorporated in the People's Republic of China with limited liability)
Announcement relating to changes in the shares after the exercise of the Over-Allotment Option in relation to the issuance of GDRs
References are made to the Intention to Float dated 10 June 2020, the announcement in relation to the confirmation of price range for proposed offering of GDRs on the London Stock Exchange of USD17.60 to USD19.00 per GDR and the publication of prospectus dated 12 June 2020, the announcement of offer price dated 16 June 2020, the announcement in relation to the admission to trading on the London Stock Exchange dated 22 June 2020, as well as the announcement in relation to the exercise of the over-allotment option dated 3 July 2020.
China Pacific Insurance (Group) Co., Ltd. (the "Company" or "CPIC") issued 102,873,300 global depository receipts (the "GDRs") (before the exercise of the over-allotment option) on 22 June 2020 (London time), which are listed on the London Stock Exchange plc for trading (the "Issuance") (Stock Name: China Pacific Insurance (Group) Co., Ltd.; Trading Symbol: CPIC).
The stabilisation period of the Issuance is within 30 days after the date on which the final price of the GDRs under the Issuance was determined, being 16 June 2020 (London time). During the stabilisation period, UBS AG London Branch, as the stabilising manager, required the Company to additionally issue 8,794,991 GDRs by exercising the over-allotment option (the "Over-allotment"). On 9 July 2020 (London time), the stabilising manager delivered the 8,794,991 GDRs under the Over-allotment to an investor who had previously agreed to the deferred settlement arrangements. For details, please refer to the announcement in relation to the exercise of the over-allotment option issued by the Company on 3 July 2020.
The number of the newly issued PRC domestic underlying A shares of the Company represented by the GDRs under the Over-allotment is 43,974,955 A shares, which are expected to be listed on the Shanghai Stock Exchange on 9 July 2020 (Beijing time). Upon the listing, the total share capital of the Company will be changed to 9,620,341,455 shares.
Before and after the Over-allotment, the changes in the share capital of the Company are as follows:
| After the Issuance and before the Over-allotment |
| After the Over-allotment | ||||
Class of shares |
Number of shares |
| Percentage of the total number of shares （%） |
|
Number of shares |
| Percentage of the total number of shares （%） |
A shares | 6,801,066,500 |
| 71.02 |
| 6,845,041,455 |
| 71.15 |
A shares not represented by the GDRs |
6,286,700,000 |
|
65.65 |
|
6,286,700,000 |
|
65.35 |
A shares represented by the GDRs |
514,366,500 |
|
5.37 |
|
558,341,455 |
|
5.80 |
H shares | 2,775,300,000 |
| 28.98 |
| 2,775,300,000 |
| 28.85 |
|
|
|
|
|
|
|
|
Total | 9,576,366,500 |
| 100.00 |
| 9,620,341,455 |
| 100.00 |
By Order of the Board of Directors
China Pacific Insurance (Group) Co., Ltd.
KONG Qingwei
Chairman
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
About CPIC
CPIC is a joint stock company established under the laws of the People's Republic of China with limited liability.
CPIC's registered office is located at 1 South Zhongshan Road, Huangpu District, Shanghai, the People's Republic of China.