Asian Growth Properties Limited Further re share exchange offer (4201H)
June 07 2017 - 6:37AM
UK Regulatory
TIDMAGP
RNS Number : 4201H
Asian Growth Properties Limited
07 June 2017
Asian Growth Properties Limited
(An Exempted Company Registered in Bermuda with Limited
liability with Registered No. 52097)
(AIM Stock Code: AGP)
("AGP" or the Company")
ANNOUNCEMENT PURSUANT TO
THE TAKEOVERS CODE
VOLUNTARY SHARE EXCHANGE OFFER
This announcement is made by the Company pursuant to the
Takeovers Code.
Reference is made to the Company's announcement dated 31 March
2017 and 5 April 2017 (the "Announcements") in relation to the
Share Exchange Offer. Unless the context otherwise requires,
capitalised terms used herein shall bear the same meanings as
defined in the Announcements.
As disclosed in the Announcements, the Independent Board
Committee comprising all the independent non-executive Directors
was formed to consider and, if appropriate, give a recommendation
to the independent Shareholders (being the Shareholders other than
the Offeror and parties acting in concert with it) in connection
with the Share Exchange Offer.
Under Rule 2.8 of the Takeovers Code, members of an independent
committee of a company's board of directors should comprise all
non-executive directors of the company who have no direct or
indirect interest in any offer or possible offer for consideration
by the independent committee other than, in the case of a director
of the offeree company, as a shareholder of the offeree company.
The Board wishes to announce that on 7 June 2017, Mr. Lam Sing Tai,
a Non-executive Director, was appointed as a member of the
Independent Board Committee with immediate effect.
WARNING
The Board encourages the Shareholders to carefully consider the
Offer Announcement. The intention of the Offeror and the Share
Exchange Offer may or may not be in the interest of the
Shareholders and the Company as a whole.
Shareholders are advised to take no action as regards the Share
Exchange Offer until they have received the advice of the
Independent Board Committee and the independent financial adviser,
which will be included in the Offer Document.
The Share Exchange Offer is subject to the condition(s) set out
in the Offer Announcement and accordingly the Share Exchange Offer
may or may not be made. Shareholders and potential investors of the
Company are advised to exercise extreme caution when dealing in the
securities of the Company.
On behalf of the Board
Asian Growth Properties Limited
Lincoln Lu
Chief Executive Officer and Executive Director
Hong Kong, 7 June 2017
As at the date of this announcement, the Board comprises of the
following Directors:
Richard Öther Prickett (Non-executive Chairman and Independent
Non-executive Director)
Lincoln Lu (Chief Executive Officer and Executive Director)
Lu Wing Chi (Executive Director)
David Andrew Runciman (Executive Director)
Lam Sing Tai (Non-executive Director)
Lambert Lu (Non-executive Director)
John David Orchard Fulton (Independent Non-executive
Director)
The Directors jointly and severally accept full responsibility
for the accuracy of the information contained in this announcement
and confirm, having made all reasonable inquiries, that to the best
of their knowledge, opinions expressed in this announcement have
been arrived at after due and careful consideration and there are
no other facts not contained in this announcement, the omission of
which would make any statement in this announcement misleading.
This announcement contains inside information.
For more information, please contact:
Lincoln Lu Tel: +852 2828 3232
Chief Executive Officer
and Executive Director
Asian Growth Properties
Limited
Richard Gray/Andrew Potts/Atholl Tel: +44 207 886 2500
Tweedie
Panmure Gordon (UK) Limited
(Nominated Adviser)
This information is provided by RNS
The company news service from the London Stock Exchange
END
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