Result of AGM&Hong Kong Share Registration Guide
31 3월 2010 - 7:27PM
UK Regulatory
TIDMWCC
RNS Number : 5092J
West China Cement Limited
31 March 2010
West China Cement
Result of AGM and Hong Kong Share Registration Guide
31 March 2010
The Company is pleased to announce that all resolutions proposed at its Annual
General Meeting, held earlier today, were duly passed by shareholders. As a
result, the Hong Kong Stock Exchange ("HKEx") listing process remains on
schedule.
Certain of the approved resolutions relate to the proposed listing of the
Company on the HKEx (the "HKEx Listing"), including a de-listing of the Company
from AIM (the "De-Listing") to take place at the same time as the HKEx Listing.
These resolutions are conditional on the HKEx Listing taking place, and the
Directors expect that the HKEx Listing and the De-Listing will take place on or
around 24 May 2010.
The expected date of the De-Listing and the HKEx Listing set out above is the
earliest expected date and is subject to change. The timing of the De-Listing is
contingent on the HKEx Listing. In the event that these dates are revised, the
Company will make an appropriate announcement and the final dates will be
confirmed not less than ten clear business days in advance of the relevant date.
Assuming that the application for the HKEx Listing is successful, the Company
will set a Record Date that will be approximately ten days before trading
commences on the HKEx. Shareholders will be advised of the Record Date as soon
as is practicable. HKEx registered shares will be sent out to shareholders to
their address as set out on the shareholder register on the Record Date.
A letter shall be sent to shareholders later today setting out some procedures
to guide investors in their registration of West China Cement shares as Hong
Kong shares (the "Shareholder Letter").
If shareholders would like for their shares to be available for trading on the
first day of trading on the HKEx, these shares need to be registered with a
broker who is able to trade in the Hong Kong market via their Nominees and/or
Global Custody Agent.
Alternatively, shareholders could opt to receive the shares in certificate form,
although to be able to trade the shares on the HKEx shareholders would need to
lodge their shares with a broker able to trade on the HKEx. This process could
take a period of time and could delay shareholders' ability to trade their
shares on the HKEx.
The Shareholder Letter includes a form for shareholders to notify Computershare
Jersey of any address changes and Computershare will need to receive the
Shareholder Letter signed by the registered holder before the Record Date.
The Board recommends that, prior to the record date, shareholders either:
1. instruct their broker to register their shares in the name and address of
their Hong Kong recognised nominee or global custody agent (if they have one);
or
2. transfer their shares to a broker who is able to transact on the HKEx and
ask them to register the name and address of their Hong Kong recognised nominee
or global custody agent with Computershare. The Shareholder Letter includes a
list of brokers who are able to hold and transact shares on the HKEx, although
it is recognised that many UK brokers are also able to do this; or
3. opt to receive their shares in certificate form and change their registered
details to their own name and address. Once shareholders have received the share
certificate, they will need to lodge the certificate with a broker for trading
on the HKEx. It is noted that this method may result in delays in receiving the
share certificates from Hong Kong and subsequent delays in lodging the shares
with a broker.
Further information and a copy of the Shareholder Letter may be found at
www.westchinacement.com.
For further information, please contact:
West China Cement Limited
Po Ling Low, Tel: +86 139 1088 6649
Anthony Schindler, Tel: +44 7710 1789 28
NCB Stockbrokers Limited
Christopher Caldwell, Tel: +44 20 7071 5200
This information is provided by RNS
The company news service from the London Stock Exchange
END
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