Results of Court Meeting and EGM

 

TIDMETC 
 
RNS Number : 4356P 
Et-china.com International Holdings 
15 July 2010 
 
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR 
FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE 
RELEVANT LAWS IN THAT JURISDICTION 
 
                  ET-CHINA.COM INTERNATIONAL HOLDINGS LIMITED 
                          ("Et-china" or "the Company") 
 
         Scheme of Arrangement update: results of Court Meeting and EGM 
Further to recent announcements, the Board of the Company is pleased to announce 
that at the Court Meeting and Extraordinary General Meeting, both held on 15 
July 2010 in London to approve the Scheme and associated matters, all 
resolutions were duly passed. 
At the Court Meeting, the required majority in number of those Scheme 
Shareholders present and voting, either in person or by proxy, representing 100 
per cent. of the voting rights of all Scheme Shares in respect of which votes 
were cast, voted in favour of the Scheme. The voting of those Scheme 
Shareholders who cast votes either in person or by proxy at the Court Meeting 
was as follows: 
+--------+--------------+-------------+--------------+-------------+--------------+-------------+ 
|        |        Total Votes         |         Votes for          |           Votes            | 
|        |                            |        the Scheme          |        against the         | 
|        |                            |                            |          Scheme            | 
+--------+----------------------------+----------------------------+----------------------------+ 
|        | No.          | No.         | No.          | No.         | No.          | No.         | 
|        | of           | of          | of           | of          | of           | of          | 
|        | Scheme       | Scheme      | Scheme       | Scheme      | Scheme       | Scheme      | 
|        | Shareholders | Shares      | Shareholders | Shares      | Shareholders | Shares      | 
|        |              | Represented | (and %)      | Represented | (and %)      | Represented | 
|        |              |             |              | (and %)     |              | (and %)     | 
+--------+--------------+-------------+--------------+-------------+--------------+-------------+ 
| Total  |      1       |  213,231    |      1       |  213,231    |      0       |      0      | 
| in     |              |             |    (100%)    |   (100%)    |    (0%)      |    (0%)     | 
| person |              |             |              |             |              |             | 
+--------+--------------+-------------+--------------+-------------+--------------+-------------+ 
| Total  |      24      | 22,092,540  |      24      | 22,092,540  |      0       |      0      | 
| by     |              |             |    (100%)    |   (100%)    |    (0%)      |    (%)      | 
| proxy  |              |             |              |             |              |             | 
+--------+--------------+-------------+--------------+-------------+--------------+-------------+ 
| Total  |      25      | 22,305,771  |      25      | 22,305,771  |      0       |      0      | 
|        |              |             |    (100%)    |   (100%)    |    (0%)      |    (0%)     | 
+--------+--------------+-------------+--------------+-------------+--------------+-------------+ 
 
At the EGM, the resolution required to implement the Scheme and certain other 
connected matters was passed on a poll. The voting of those Et-china 
Shareholders who cast votes either in person or by proxy at the EGM was as 
follows: 
+--------+--------------+-------------+--------------+-------------+--------------+-------------+ 
|        |        Total Votes         |         Votes for          |           Votes            | 
|        |                            |        the Scheme          |        against the         | 
|        |                            |                            |          Scheme            | 
+--------+----------------------------+----------------------------+----------------------------+ 
|        | No.          | No.         | No.          | No.         | No.          | No.         | 
|        | of           | of          | of           | of          | of           | of          | 
|        | Et-china     | Et-china    | Et-china     | Et-china    | Et-china     | Et-china    | 
|        | Shareholders | Shares      | Shareholders | Shares      | Shareholders | Shares      | 
|        |              | Represented | (and %)      | Represented | (and %)      | Represented | 
|        |              |             |              | (and %)     |              | (and %)     | 
+--------+--------------+-------------+--------------+-------------+--------------+-------------+ 
| Total  |      1       |  213,231    |      1       |  213,231    |      0       |      0      | 
| in     |              |             |    (100%)    |   (100%)    |    (0%)      |    (0%)     | 
| person |              |             |              |             |              |             | 
+--------+--------------+-------------+--------------+-------------+--------------+-------------+ 
| Total  |      28      | 34,811,750  |      27      | 34,765,085  |      1       |   46,665    | 
| by     |              |             |   (96.4%)    |  (99.9%)    |    (3.6%)    |   (0.1%)    | 
| proxy  |              |             |              |             |              |             | 
+--------+--------------+-------------+--------------+-------------+--------------+-------------+ 
| Total  |      29      | 35,024,981  |      28      | 34,978,316  |      1       |   46,665    | 
|        |              |             |   (96.5%)    |  (99.9%)    |    (3.5%)    |  (0.1 %)    | 
+--------+--------------+-------------+--------------+-------------+--------------+-------------+ 
 
For the avoidance of doubt, the Company is not subject to the City Code on 
Takeovers  and Mergers ("City Code") and accordingly investors should be aware 
that they are not afforded the protections of the City Code. 
 
Any capitalised term used but not defined in this announcement has the same 
meaning as is given to it in the Scheme Circular. 
 
Contact details for enquiries: 
 
 
+----------------------------+------------------+ 
| Et-china.com International |   [phone] | 
| Holdings Limited           |             5531 | 
+----------------------------+------------------+ 
| Matthew Ng                 |                  | 
+----------------------------+------------------+ 
|                            |                  | 
+----------------------------+------------------+ 
|                            |                  | 
+----------------------------+------------------+ 
 
+----------------------------+------------------+ 
| Seymour Pierce, Nomad and  |   [phone] | 
| Broker                     |             8000 | 
+----------------------------+------------------+ 
| Mark Percy                 |                  | 
+----------------------------+------------------+ 
| Catherine Leftley          |                  | 
+----------------------------+------------------+ 
|                            |                  | 
+----------------------------+------------------+ 
 
The distribution of this announcement in jurisdictions other than in the United 
Kingdom or Jersey may be restricted by law and therefore any persons who are 
subject to the laws of any jurisdiction other than the United Kingdom or Jersey 
should inform themselves about, and observe, any applicable requirements. This 
announcement has been prepared for the purposes of complying with Jersey law and 
the AIM Rules and information disclosed may not be the same as that which would 
have been disclosed if this announcement had been prepared in accordance with 
the laws of any jurisdiction outside the United Kingdom or Jersey. 
 
Copies of this announcement and formal documentation relating to the Proposal 
will not be and must not be, mailed or otherwise forwarded, distributed or sent 
in, into or from any jurisdiction where to do so would violate the laws in that 
jurisdiction. 
 
The Proposal relates to the shares of a Jersey company and is proposed to be 
effected by means of a scheme of arrangement under Jersey law. The Proposal will 
not be sent to Et-china Shareholders who are resident in, or citizens of, or are 
organised or incorporated in, the United States. Accordingly, neither this 
announcement nor any other document in connection with the Proposal shall be 
released, published or distributed in whole or in part in, into or from the 
United States or any other jurisdiction where to do so would constitute a 
violation of the relevant laws in that jurisdiction. Neither this announcement 
nor any other document in connection with the Proposal shall be forwarded by any 
nominee, custodian, broker or other intermediary in, into or from the United 
States. 
 
Hong Kong 
 
WARNING 
 
The contents of this announcement and the Scheme Circular have not been reviewed 
by any regulatory authority in Hong Kong. You are advised to exercise caution in 
relation to the offer. If you are in doubt about any of the contents of this 
announcement or the Scheme Circular, you should obtain independent professional 
advice. 
 
This announcement and the Scheme Circular do not constitute an offer or 
invitation to the public in Hong Kong to subscribe for or dispose of the Scheme 
Shares. Accordingly, unless permitted by the securities laws of Hong Kong, no 
person may issue or have in its possession for the purposes of issue, this 
announcement or any invitation or document relating to the Scheme Shares, 
whether in Hong Kong or elsewhere, which is directed at, or the contents of 
which are likely to be accessed or read by, the public in Hong Kong other than 
in circumstances which do not constitute an offer or an invitation to the public 
for the purposes of the Hong Kong Securities and Futures Ordinance. However, 
numbered copies of the Scheme Circular may be issued to a limited number of 
shareholders in Hong Kong in a manner which does not constitute an issue, 
circulation or distribution of this document, or any offer or invitation in 
respect of the Scheme Shares, to the public in Hong Kong. Only the person to 
whom a numbered copy of the Scheme Circular has been issued may take action in 
response to the Scheme Circular. No person to whom a numbered copy of the Scheme 
Circular is issued may issue, circulate or distribute this document in Hong Kong 
or make or give a copy of this document to any other person. 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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