15 Dec 2009 12:06
15 December 2009
Origo Partners Plc
Change of name and result of Partial Cash Alternative
Further to the announcement of 11 December, Origo Partners plc (the "Company") announces that the name change from Origo Sino-India plc to Origo Partners plc and new TIDM codes, 'OPP' for the ordinary shares of the Company and 'OPPW' for the warrants of the Company, have taken effect. The Company's website remains www.origoplc.com.
The merger of the Company and Origo Resource Partners Limited ("ORP") was completed on 14 December 2009. On that date, the Scheme became effective in accordance with its terms and the listing of the ORP Shares was cancelled. Valid tenders pursuant to the Partial Cash Alternative were received for 28.6 per cent (13,877,138 ordinary shares) of the issued share capital of ORP; Shareholders who tendered their Initial Shares (10 per cent of their shares) will have their basic entitlement satisfied in full and Shareholders who tendered Additional Shares will be scaled-back pro rata with each such shareholder receiving cash in respect of 26.3 per cent of their election for Additional Shares.
Following completion of the Merger and the Partial Cash Alternative, the Company has a total of 220,019,881 Ordinary Shares of £0.0001 each in issue.
Capitalised terms used in this announcement and not otherwise defined herein have the same meanings given in the circular containing the formal terms and conditions of the Partial Cash Alternative sent to Shareholders on 10 November 2009.
For further information about the Company please visit www.origoplc.com or contact:
| Origo Partners plc Chris Rynning (chris@origoplc.com) Niklas Ponnert (niklas@origoplc.com) | +86 1390 124 6417 +86 1351 106 1672 |
| Nominated Adviser: Smith & Williamson Corporate Finance Limited Azhic Basirov | +44 (0)20 7131 4000 |
| Broker: Liberum Capital Limited Simon Atkinson | +44 (0)20 3100 2222 |
| Public Relations: Aura Financial Andy Mills / Nina Legge | +44 (0)20 7321 0000 |
Notes to editors:
Origo Partners PLC ("Origo"):
• Origo is an established private equity investor and strategic consultancy business, which provides its shareholders with exposure to growth opportunities and private equity returns in China and India.
• Origo's business model is to generate capital gains from private equity investment in growth companies from which it also generates fees for consultancy services related to further fundraisings, M&A and strategic development.
• Origo signed a memorandum of understanding with GLG Partners LP in March 2008 to explore asset management and advisory opportunities in China, India and other markets.
• Origo has a significant portfolio of investments in a range of industrial sectors, including metals and mining, agriculture, renewable energy/clean tech and technology, telecom and media ("TMT").
• The recommended merger of Origo and Origo Resource Partners Limited was completed on 14 December 2009.
• The merger created a single listed entity benefitting from greater liquidity, scale and efficiencies through which investors can access the predominantly China-linked private equity opportunities identified by Origo's management team.