11 Jun 2010 12:31
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| 11 June 2010 |
Not for release, publication or distribution in whole or in part, in or into the United States, Canada, Australia or Japan or any other jurisdiction if to do so would constitute a violation of the relevant laws of such jurisdiction.
For immediate release
Origo Partners plc
("Origo" or "the Company")
Origo completes equity placing of approximately US$30 million
Further to the earlier announcement by Origo today, the Company announces that it has raised approximately US$30 million, before commissions and expenses, by way of the placing (the "Placing") of 82,200,000 new ordinary shares of £0.0001 each in the capital of the Company (the "Shares"). The Shares were placed with investors at a price of 25 pence per 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 17 June 2010. 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 Simon Atkinson / Ellen Francis
| +44 (0)20 3100 2222 |
| Public Relations Aura Financial Andy Mills / Nina Legge | +44 (0)20 7321 0000 |
About Origo Partners plc:
Origo is an established private equity investor and strategic consultancy business, which provides its shareholders with exposure to growth opportunities and private equity returns based on the China 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, renewable energy/clean tech and technology, telecom and media ("TMT").
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 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.
OPP.L (OPP)