Prosperity Minerals Holdings Ltd Appointment of Financial Adviser (8148K)

TIDMPMHL

RNS Number : 8148K

Prosperity Minerals Holdings Ltd

02 August 2013

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

2 August 2013

RECOMMENDED CASH OFFER BY

JETGO DEVELOPMENT LIMITED ("JETGO BIDCO")

(A WHOLLY OWNED SUBSIDIARY OF

PROSPERITY INTERNATIONAL HOLDINGS (H.K.) LIMITED) ("PIHL")

FOR PROSPERITY MINERALS HOLDINGS LIMITED ("PMHL")

Appointment of Financial Adviser

On 22 July 2013, the Jetgo Bidco Board and the PMHL Independent Directors announced that they had reached agreement on the terms of a recommended cash offer by Jetgo Bidco, a wholly owned subsidiary of PIHL, for the entire issued and to be issued ordinary share capital of PMHL, other than those PMHL Shares already owned by PIHL and the Treasury Shares (the "Offer Announcement").

The Jetgo Bidco Board is pleased to announce that Grant Thornton UK LLP has been appointed as financial adviser to Jetgo Bidco and PIHL in connection with the Offer.

Certain terms used in this announcement are defined in Offer Announcement.

 
 ENQUIRIES 
 Jetgo Development Limited 
 
  Richard Kong 
  Gloria Wong                     [phone] 
 Prosperity Minerals Holdings 
  Limited 
  Patrick Li                      [phone] 
  Anthony Williams                 [phone] 
 Grant Thornton UK LLP 
 
  Philip Secrett 
  Salmaan Khawaja 
  Melanie Frean                   [phone] 
 Daniel Stewart & Company plc 
  (Financial adviser, 
  nominated adviser and broker 
  to PMHL) 
  Antony Legge 
  Paul Shackleton 
  Ciaran Walsh                    [phone] 
 Citigate Dewe Rogerson 
 
  Martin Jackson 
  Priscilla Garcia 
  Jack Rich                       [phone] 
 

Further Information

Independent Shareholders are reminded that the City Code on Takeovers and Mergers does not apply to PMHL as although it is incorporated in Jersey, its place of central management is located outside of the United Kingdom, the Channel Islands and the Isle of Man. Therefore the Offer will not be regulated by the Panel on Takeovers and Mergers in the United Kingdom.

Daniel Stewart Company plc has given its written consent to the release of this announcement containing references to its name in the form and context in which it appears.

Daniel Stewart Company plc, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting exclusively for PMHL and no one else in connection with the Offer and accordingly will not be responsible to anyone other than PMHL for providing the protections afforded to customers of Daniel Stewart Company plc nor for providing advice in relation to the Offer, this announcement or any other matter referred to herein.

Grant Thornton UK LLP has given its written consent to the release of this announcement containing references to its name in the form and context in which it appears.

Grant Thornton UK LLP, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting exclusively for Jetgo Bidco and PIHL and no one else in connection with the Offer and accordingly will not be responsible to anyone other than Jetgo Bidco and PIHL for providing the protections afforded to clients of Grant Thornton UK LLP nor for providing advice in relation to the Offer, this announcement or any other matter referred to herein.

Publication on websites

A copy of this announcement, is and will be available free of charge, subject to certain restrictions relating to persons resident in Restricted Jurisdictions, for inspection on the websites of PMHL at www.pmhl.co.uk and PIHL at www.pihl-hk.com in each case by no later than 12 noon on 3August 2013 and will remain so during the course of the Offer.

For the avoidance of doubt, the content of the websites referred to above is not incorporated into and does not form part of this announcement.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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