6 Nov 2014 12:33
6 November 2014 FOR IMMEDIATE RELEASE
China Growth Opportunities Limited
(the "Company")
The Company announces that, following consultation with its proposed Nominated Adviser, the Annual General Meeting ("AGM") due to be held today has been postponed until 11.00am on Wednesday 12th November 2014. This is to allow Shareholders time to consider the implications of the change in the Company's Investing Policy. Specifically, should the Company adopt the new Investing Policy then it would be classified as an AIM Rule 15 Investing Company under the AIM Rules and as such have until 13 November 2015 to have made an acquisition or acquisitions which constitute a reverse takeover under Rule 14 or otherwise implement its investing policy. If it has not done so by this date trading in the Company's Ordinary Shares on AIM will be suspended pending implementation. If this remained suspended for a further 6 months from that date then trading would be cancelled.
The revised timetable is as follows:
Latest time and date for receipt of Form of Proxy | 11.00am on 11 November 2014 |
Annual General Meeting | 11.00am on 12 November 2014 |
Record date for the Share Sub-Division and Share Consolidation | 6.00pm on 12 November 2014 |
Admission effective and trading expected to commence in the New Ordinary Shares and Subscription Shares | 8.00am on 13 November 2014 |
CREST accounts credited with Subscription Shares and New Ordinary Shares | 13 November 2014 |
As a result, trading in the Company's Ordinary Shares on AIM will remain suspended, pending the appointment of a new Nominated Adviser. The appointment of RFC Ambrian Limited as the Company's Nominated Adviser remains conditional on all Resolutions being approved. Consequently, subject to passing of the Resolutions, restoration of trading in the Ordinary Shares is expected on 13 November 2014. Investors should note that if for any reason a new Nominated Adviser is not appointed by 13 November 2014, trading in the Company's Ordinary Shares on AIM will be cancelled on 14 November 2014 in accordance with AIM Rule 1.
All the Forms of Proxy that have already been submitted will remain valid unless replaced.
All other clauses, resolutions, terms and conditions remain the same.
For further information please contact:
Elysium Fund Management Limited Tel: +44 1481 810 100
Scarborough Group Tel: +44 (0) 20 7127 9195
Simon Marshall
Peterhouse Corporate Finance Limited Tel: +44 (0) 20 7469 0930
Guy Miller/Lucy Williams