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CTI China Travel International Investment Hong Kong Ltd

0.121
0.001 (0.83%)
05 Dec 2024 - Closed
Realtime Data
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
  0.001 0.83% 0.121 0.115 0.126 0.00 22:50:08

Results of Offer

27/02/2003 12:56pm

UK Regulatory


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

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