TIDMAGP

RNS Number : 6114C

Asian Growth Properties Limited

18 April 2017

18 April 2017

Asian Growth Properties Limited

("AGP" or the "Company")

REVISED TIMETABLE IN RELATION TO

THE SP AGREEMENT AND

THE AGP SPECIAL DIVIDEND PAYMENT

AND

CLARIFICATION

Reference is made to the circular (the "Circular") of Asian Growth Properties Limited (the "Company") dated 31 March 2017 and the announcements of the Company dated 31 March 2017 and 11 April 2017. Unless the context otherwise requires, capitalised terms used herein shall bear the same meanings as defined in the Circular.

Revised timetable

As disclosed in the Circular and the announcement of the Company dated 31 March 2017, completion of the SP Agreement and AGP Special Dividend Payment is conditional, among others, on the special general meeting of SEA ("SEA SGM") being held to approve, among other things, the SEA Distribution in Specie. In light of a delay in the despatch of the circular of SEA and the rescheduling of the SEA SGM, completion of the SP Agreement and AGP Special Dividend Payment will also be rescheduled. For the avoidance of doubt, there is no change in the timetable regarding the Company's SGM. Set out below is the revised timetable for the completion of the SP Agreement and AGP Special Dividend Payment:

Events Expected date

AGP Shares marked ex-dividend..........................................................................Thursday, 4 May 2017

Record date for the AGP Special Dividend Payment................................................Friday, 5 May 2017

Proposed date of completion of SP Agreement.....................................................Monday, 15 May 2017

AGP Special Dividend Payment date................................................................... Monday, 15 May 2017

The dates specified in the expected timetable above are indicative only and may be extended or varied by the Company. Any changes to the expected timetable will be published by the Company or notified to the Shareholders as and when appropriate.

Save as disclosed above, the AGP Board confirms that the above does not affect other information contained in the Circular.

Clarification relating to the AGP Special Dividend Payment

The Board would like to clarify that the AGP Special Dividend Payment will be converted to Pound Sterling at the spot rates sourced from The Hong Kong Association of Banks on the ex-dividend date (i.e. Thursday, 4 May 2017) and paid to the Shareholders on the payment date (i.e. Monday, 15 May 2017). Shareholders who elect to receive the special dividend in Hong Kong Dollars should notify the Company in writing to info@asiangrowth.com at least 5 business days prior to the AGP Special Dividend Payment date.

This announcement contains inside information.

For more information, please contact:

 
Lu Wing Chi                       Tel: +852 2828 
 Executive Director                6363 
 Asian Growth Properties 
 Limited 
 
Richard Gray/Andrew Potts/Atholl  Tel: +44 207 
 Tweedie                           886 2500 
 Panmure Gordon (UK) Limited 
 (Nominated Adviser)

This information is provided by RNS

The company news service from the London Stock Exchange

END

FURBDGDSUDBBGRI

(END) Dow Jones Newswires

April 18, 2017 08:26 ET (12:26 GMT)

Asian Growth Properties (LSE:AGP)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Asian Growth Properties Charts.
Asian Growth Properties (LSE:AGP)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Asian Growth Properties Charts.