Clarification - UK Takeover Code not applicable
13 Marzo 2009 - 1:00AM
UK Regulatory
TIDMCCPL
RNS Number : 8082O
China Central Properties Limited
13 March 2009
China Central Properties Limited
("CCP" or the "Company")
Clarificatory Announcement - City Code on Takeovers and Mergers does not apply
to the Company
Following the announcement made by CCP on 12 March 2009, confirming that it had
received an approach which may or may not lead to an offer being made for the
Company, the Company wishes to clarify that since CCP is not subject to the
provisions of the UK's City Code on Takeovers and Mergers ("Code"), matters
relating to CCP will not be regulated by the UK's Panel on Takeovers and
Mergers.
As stated in that announcement, the articles of association of CCP provide that
if and for so long as CCP shall not be subject to the Code, the board of
directors of CCP shall, where CCP is the subject of an approach, comply with and
procure that CCP complies with the provisions of the Code as if CCP were subject
to the Code. The Articles further provide that the Board shall have discretion
to determine how the deemed application of the Code to CCP shall operate.
The Company requests that any person who is or becomes, "interested" (directly
or indirectly) in 1% or more of any class of "relevant securities" of CCP,
publicly discloses all "dealings" in any such "relevant securities" (including
by means of an option in respect of, or a derivative referenced to, any such
"relevant securities") by no later than 3.30 pm (London time) on the London
business day following the date of the relevant transaction.
The meaning of the terms in quotation marks and the number of relevant
securities in issue can be found on the Company's website
(www.ccproperties.com.hk). Persons making such disclosures should do so in
co-ordination with the Company's Nominated Adviser and Broker, Seymour Pierce
using the forms that will be made available for this purpose on the Company's
website in due course.
For further information, please contact:
China Central Properties Limited
Ms. Elaine Yuen, Company Secretary+852 2296 8033
Seymour Pierce Limited
Corporate Finance:
Mark Percy / Chris Howard / Christopher Wren+44 20 7107 8000
About CCP
CCP is a property investment company listed on AIM, a market operated by the
London Stock Exchange, and focuses primarily on investing in medium to large
partially completed property projects in major and secondary cities in the
Chinese Mainland. CCP has a diversified portfolio of properties, including
commercial, retail and residential complexes, strategically located in Beijing,
Chengdu, Chongqing, Guangzhou, Qingdao and Shenyang.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCDGGMFVFGGLZG
China Central (LSE:CCPL)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
China Central (LSE:CCPL)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024
Real-Time news about China Central (London Stock Exchange): 0 recent articles
Más de China Central Props. Artículos de Noticias