11 Dec 2009 14:18
11 December 2009
Origo Sino-India Plc
Result of EGM
Origo Sino-India plc ("OSI" or the "Company") announces that all resolutions were duly passed at the Extraordinary General Meeting ("EGM") held earlier today to approve, inter alia, the recommended merger of OSI and Origo Resource Partners Limited ("ORP") to be effected by means of a scheme of arrangement pursuant to Part VIII of the Companies (Guernsey) Law, 2008, proposed in the Scheme Circular.
It is expected that Re-Admission will become effective, the Enlarged Issued Share Capital will be admitted to trading and dealings in OSI Shares and OSI Warrants will commence on AIM on 14 December 2009. It is intended that the Company's name will be changed to Origo Partners plc and a further announcement will be made when this becomes effective.
Unless, otherwise defined, all capitalised terms used have the same meaning given to them as defined in the Re-Admission Document sent to the Company's shareholders on 10 November 2009. Details of the resolutions passed at the EGM are set out in the Notice of EGM included within the Re-Admission Document.
For further information about Origo please visit www.origoplc.com or contact:
| Origo Sino-India 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 Sino-India PLC ("Origo") & Origo Resource Partners ("ORP"):
• 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").
• Origo provides consultancy services to ORP, which invests in private-equity natural resources opportunities in China and India. ORP raised £48.6 million in gross proceeds through an IPO in December 2007.
• The recommended merger of OSI and ORP was announced on 16 October 2009 and is expected to complete on 14 December 2009.
• The merger will create 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.