Result of EGM and Issue of Equity


 

TIDMCMSH 
 
RNS Number : 6602W 
China Medical Systems Holdings Ltd 
31 July 2009 
 

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| For immediate release                    |                             31 July 2009 | 
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China Medical System Holdings Ltd 
 
 
("CMS" or "the Company") 
 
 
Results of Extraordinary General Meeting and Issue of Equity 
 
 
Results of EGM: 
China Medical System Holdings Ltd. (AIM: CMSH) is pleased to announce that at 
the Company's Extraordinary General Meeting held earlier today the ordinary 
resolution regarding "a Key Employee Benefit Scheme" ("Scheme") was duly passed. 
A total of 42,444,234 votes (representing 89.8% of the issued share capital of 
the Company) were cast, of which all the votes were cast in favour of 
the resolution. 
Following the EGM the Board has approved the adoption of the Scheme, under which 
retiring awards may be granted to key employees of the Company and its 
subsidiaries ("Group"), who have made an outstanding contribution to the Company 
("Key Employee"). 
Three directors of the Company, Mr. Chen Hongbing, Ms. Hou Xiaoxuan and Ms. Chen 
Yanling, will join the Scheme as Key Employees and may acquire beneficial 
interest from the Scheme. 
Issue of Equity: 
Following the passing of the resolution above the Company has issued 162,528 CMS 
Shares (which represent approximately 0.34 per cent. of the enlarged share 
capital) at an issue price of 168.3 pence per CMS share (being the average 
closing share price for July 2009) to a BVI private trust company acting as 
trustee for the Key Employee Benefit Trust. 
Consequently the Company has applied for the application of 162,528 new ordinary 
shares in the Company to be admitted to trading on AIM, with admission expected 
to occur on or around 6 August 2009. 
Following the issue of the new ordinary shares as set out above, the Company 
will have 47,408,904 ordinary shares in issue which represent the Company's 
total voting rights. 
About the Key Employee Benefit Scheme 
 
 
The Key Employee Benefit Scheme ("Scheme") is a long term incentive plan 
under which retiring awards may be granted to key employees of the Company and 
its subsidiaries ("Group"), who have made outstanding contribution to the 
Company ("Key Employee"). The Company will devote 0.53.0% of its after tax 
profit to the Scheme per year. 
Under the Scheme, once a key employee becomes a member of the Scheme, the 
beneficiary will acquire retiring awards after the normal retirement age or the 
relevant date upon the fulfillment of certain conditions pursuant to the 
Scheme. The Scheme is held in trust by a BVI private trust company "Fully Profit 
Management PTC Ltd". 
About Fully Profit Management (PTC) Limited 
 
 
Fully Profit Management (PTC) Limited ("Trustee") is a BVI private trust company 
owned solely by Dr. Lam Kong, the Chairman and CEO of the Company. Dr. Lam Kong 
and a director of the Company Mr. Hui Ki Fat, who are both excluded from the 
Scheme, act as the directors of the Trustee. The Trustee has absolute control on 
the Trust Fund and the Company should not exert any control on the decision of 
the Trustee so as to fetter its discretion. 
Detail information about the Scheme is available on the Company's 
website: www.chinamedicalsystem.com. 
For further information, please contact: 
 
+-----------------------------------+---------------------------------+ 
|                       China       |                               + | 
|                       Medical     |                           (852) | 
|                       System      |                            2369 | 
|                       Holdings    |                            3889 | 
|                       Ltd         |                                 | 
+-----------------------------------+---------------------------------+ 
|                       Vincent     |                                 | 
|                       Hui         |                                 | 
+-----------------------------------+---------------------------------+ 
|                       Seymour     |                               + | 
|                       Pierce      |                              44 | 
|                       Limited     |                           (0)20 | 
|                                   |                       7107 8344 | 
+-----------------------------------+---------------------------------+ 
|                       Chris       |                                 | 
|                       Howard      |                                 | 
|                       /           |                                 | 
|                       Huaizheng   |                                 | 
|                       Peng /      |                                 | 
|                       Christopher |                                 | 
|                       Wren        |                                 | 
+-----------------------------------+---------------------------------+ 
 
 
Notes for editors 
 
 
China Medical System Holdings Limited 
China Medical System Holdings Limited (CMS) is listed on AIM of the London Stock 
Exchange with the ticker symbol "CMSH". It is an integrated and profitable 
pharmaceutical company, which develops, manufactures, sells and markets 
innovative prescription drugs and medical devices in China. For further 
information, please visit www.chinamedicalsystem.com 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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