Capital Reduction

    RNS Number : 8904J
  EBT Mobile China PLC
  10 December 2008
   

    EBT Mobile China plc 
    10 December 2008

    10 December 2008

    EBT Mobile China plc ('EBT Mobile' or 'the Company')

    Capital Reduction

    EBT Mobile announces the approval by the High Court of the Capital Reduction. Defined terms in the circular sent to shareholders on 22
October 2008 bear the same meanings in this announcement.

    The Tender Offer is conditional upon (i) the issue by the registrar of Companies of a Certificate in relation to the Capital Reduction
and (ii)the Repurchase Agreement becoming  unconditional. If these conditions are not satisfied, the Tender Offer will not be completed.
Subject to satisfaction of these conditions, the Tender Offer will be completed on 15 December 2008. CREST accounts are expected to be
credited with Tender Offer proceeds on 16 December 2008 and cheques, with balance share certificates as appropriate, are expected to be
dispatched on the same date. 


    Ordinary Shares purchased in the Tender Offer will be cancelled by the Company on completion of the Tender Offer and the Company's
issued share capital will accordingly decrease. 


    De-listing (cancellation of the Ordinary Shares to trading on AIM) is expected to take place on 17 December 2008 regardless of whether
the conditions set out above have been satisfied. Following de-listing, the Company intends to set up a matched bargain facility which will
be available to Shareholders wishing to indicate any buying or selling interest in the Company's Ordinary Shares. 


    Further announcements will be made as appropriate.


    Enquiries: 




    EBT Mobile 
    Jim Reiman, Non-Executive Chairman 
    001 847 784 8100 
    Stephen Davidson, Non-Executive Director 
    0781 801 2281 


    Panmure Gordon (UK) Limited 
    Aubrey Powell 
    Giles Stewart 
    020 7459 3600 


    Weber Shandwick Financial 
    Terry Garrett 
    Stephanie Badjonat 
    John Moriarty 
    020 7067 0700 



This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
MSCZGMMZFGNGRZM