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Share Name | Share Symbol | Market | Type |
---|---|---|---|
China Travel International Investment Hong Kong Ltd | TG:CTI | Tradegate | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.12 | 0.115 | 0.127 | 0.00 | 10:04:51 |
RNS Number:0712I Cathay International Holdings Ld 27 February 2003 For immediate release CATHAY INTERNATIONAL HOLDINGS LIMITED ("Cathay" or the "Company") 27 February 2003 Result of Tender Offer The Tender Offer by Cathay to purchase up to 100,000,000 Common Shares at a fixed price of 15 pence per Common Share closed at 12 noon on 26 February 2003. Valid tender forms were received from Participating Shareholders for, in aggregate, 137,908,072 Common Shares representing 49.11 per cent. of the issued share capital of the Company. The conditions to the Tender Offer have been satisfied. In accordance with the terms and conditions of the Tender Offer as set out in the Circular to shareholders dated 6 February 2003 (the "Circular") Cathay will therefore purchase: (a) from all Participating Shareholders, the number of Common Shares tendered by each of them up to their Basic Entitlement (35.6% of the Shares registered in such Common Shareholder's name, rounded down to the nearest whole number); and (b) from those Participating Shareholders who tendered in excess of their Basic Entitlement, just under 10.62 per cent. of those excess tendered Common Shares, rounded down to the nearest whole number. Settlement cheques will be posted to Participating Shareholders who successfully tendered Common Shares under the Tender Offer as soon as practicable. The definitions contained in the Circular also apply to this announcement. Enquiries to: Cathay International Holdings Limited 25 Floor Standard Chartered Bank Building 4-4A Des Voeux Road Central District Hong Kong Attention: Stephen Hunt, Director Tel + 852 2828 9289 This information is provided by RNS The company news service from the London Stock Exchange END RTESELFEWSDSEIE
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