Issue of Equity

 

TIDMETC 
 
RNS Number : 4728B 
Et-china.com International Holdings 
28 October 2009 
 

 
 
+----------------------------------------+----------------------------------------+ 
| For Immediate Release                  |                        28 October 2009 | 
+----------------------------------------+----------------------------------------+ 
 
 
 
 
 
 
ET-CHINA.COM INTERNATIONAL HOLDINGS LIMITED 
("Et-china", "the Group" or "the Company") 
 
 
Issue of shares 
 
 
Et-china, a leading travel services group in the fast growing region of South 
China, has today made application for 1,561,306 new ordinary shares of no par 
value to be admitted to trading on AIM. These shares have been issued to the 
vendors of Yoee.com as the initial tranche of the consideration shares of up to 
2.625 million Et-china shares following Et-china's acquisition of Yoee.com on 17 
March 2009. As part of the acquisition of Yoee.com, up to a further 30 per cent. 
of the total potential share consideration is payable on Yoee.com meeting 
certain performance criteria for the financial year 2009. 
 
 
In addition, the Company has also made an application for a further 335,280 new 
ordinary shares of no par value to be admitted to trading on AIM in respect of 
Mr Matthew Ng's 2007 and 2008 bonus payments as set out in the Company's 
admission document dated 30 July 2007. Following this issue of shares, Mr Ng, 
Chief Executive Officer, now holds 3,601,922 ordinary shares of no par value 
which represents approximately 10.30% of the enlarged issued share capital of 
the Company. 
 
 
Application has been made for 1,896,586 new ordinary shares of no par value to 
be admitted to trading on AIM and dealings are expected to commence on Monday 2 
November 2009. 
 
 
Following the admission of 1,896,586 new ordinary shares of no par value to 
trading, the enlarged share capital of the Company is 34,970,033  ordinary 
shares of no par value. 
 
 
In addition, as announced on 21 May 2009, the Company issued 547,501 'A' or new 
ordinary shares to five senior executives of GZL which will be converted into 
ordinary shares of no par value upon certain conditions being met, at which time 
the Company will make application for those shares to be admitted to trading on 
AIM. 
 
 
Contact details for enquiries: 
 
 
+--------------------------------------------+----------------------------+ 
| Et-china.com International Holdings        |              0207 067 0700 | 
| Limited                                    |                            | 
+--------------------------------------------+----------------------------+ 
| Matthew Ng, Chief Executive Officer        |                            | 
+--------------------------------------------+----------------------------+ 
|                                            |                            | 
+--------------------------------------------+----------------------------+ 
| Seymour Pierce, Nomad and Broker           |              0207 107 8000 | 
+--------------------------------------------+----------------------------+ 
| Mark Percy                                 |                            | 
+--------------------------------------------+----------------------------+ 
| Catherine Leftley                          |                            | 
+--------------------------------------------+----------------------------+ 
|                                            |                            | 
+--------------------------------------------+----------------------------+ 
| Weber Shandwick Financial                  |              0207 067 0700 | 
+--------------------------------------------+----------------------------+ 
| Terry Garrett                              |                            | 
+--------------------------------------------+----------------------------+ 
| Stephanie Badjonat                         |                            | 
+--------------------------------------------+----------------------------+ 
| John Moriarty                              |                            | 
+--------------------------------------------+----------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 LISFEAFWWSUSELS