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28 Jul 2011 09:30
China Growth Opportunities Limited
Return of Capital
Distribution in specie of shareholding in China CDM Exchange Centre Limited
China Growth Opportunities Limited ("China Growth") holds 9,369,900 shares in China CDM Exchange Centre Limited ("China CDM"), representing approximately 8.01 per cent of the issued share capital of China CDM. The shares of China CDM trade on the PLUS Quoted Market.
The board of directors of China Growth has resolved to distribute 9,364,963 shares in China CDM by way of a distribution in specie to shareholders in China Growth. Accordingly, a total of 9,364,963 shares in China CDM, being the bulk of China Growth's holding, will be transferred to shareholders in China Growth who were on the register as at 5 p.m. on 4 July 2011. Shareholders will receive 0.1873 China CDM shares for every 1 China Growth share held. Based on the mid-market price per China CDM share of 3.5p as at close of business on 27 July 2011, this return of capital is equal to approximately 0.65 pence per China Growth share.
Fractional entitlements shall not be issued to China Growth shareholders and all fractional entitlements to which holders of China Growth shareholders would have become entitled will be rounded down and shall be retained by China Growth. China Growth is anticipated to retain 4,937 shares in China CDM as a result of these fractional entitlements.
It is expected that shares will be credited to Crest accounts on 1 August 2011 or certificates will be despatched by 8 August 2011.
For further information, please visit www.chinagrowthopportunities.com or contact:
China Growth Opportunities Limited | Rhys Davies | + 41 (0) 796 200 215 |
Singer Capital Markets Limited (Nomad) | James Maxwell | + 44 (0) 20 3205 7500 |
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