20 Dec 2011 13:12
20 December 2011
Origo Partners PLC
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, JAPAN, AUSTRALIA, SOUTH AFRICA OR IN ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW.
Origo completes equity placing of approximately US$32.5 million
Further to the earlier announcement by Origo Partners plc ("Origo" or "the Company") today, the Company announces that it has raised approximately US$32.5 million, before commissions and expenses, via a placing (the "Placing") of 57,758,333 new ordinary shares of £0.0001 each in the capital of the Company (the "Placing Shares"). The Placing Shares were placed with investors at a price of 36 pence per Placing Share. Liberum Capital Limited acted as broker to the Placing.
The Placing Shares will be issued credited as fully paid and will rank pari passu with the existing Ordinary Shares, including the right to receive all dividends and other distributions declared in respect of such shares after the date of their issue.
The Company will apply for admission of the Placing Shares to trading on AIM, a market of the London Stock Exchange ("Admission"). It is expected that Admission will take place and that trading will commence on 23 December 2011. The Placing is conditional upon, inter alia, Admission becoming effective.
Contacts:
Origo Partners plc Chris Rynning (chris@origoplc.com) Niklas Ponnert (niklas@origoplc.com)
|
+86 1390 124 6417
+86 1351 106 1672 |
Nominated Adviser and Broker Liberum Capital Limited Paul Rostas / James Bouverat / Nicole Kwan / Richard Bootle
| +44 (0)20 3100 2251 |
Public Relations Aura Financial Andy Mills / Nina Legge | +44 (0)20 7321 0000 |
About Origo Partners PLC
Origo is an established private equity investor, which provides its shareholders with exposure to growth opportunities and private equity returns based on the Chinese growth story.
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 has a significant portfolio of investments in a range of industrial sectors, including metals and mining, agriculture, energy/clean tech and technology, telecom and media.
This announcement has been issued by Origo and is the sole responsibility of Origo.
Liberum Capital Limited is acting for Origo and no-one else in connection with the Placing. Liberum Capital Limited will not be responsible to anyone other than Origo for providing the protections afforded to its clients, nor for providing advice in relation to the Placing or any other matter referred to in this announcement.
This announcement is for information purposes only and does not constitute an offer or an invitation to acquire or dispose of any securities or investment advice in any jurisdiction.
Without limitation to the above, this announcement does not constitute an offer to sell or issue or the solicitation of an offer to buy or subscribe for securities in the United States, Canada, Australia, South Africa or Japan or any other jurisdiction in which such offer or solicitation is unlawful and should not be relied upon in connection with any decision to acquire shares or any other securities of Origo.