Taihua Plc Result of Tender Offer and Directors' Interests (5751X)
February 22 2017 - 9:00AM
UK Regulatory
TIDMTAIH
RNS Number : 5751X
Taihua Plc
22 February 2017
The following amendment has been made to the 'Result of Tender
Offer and Directors' Interests' announcement released on 22/02/2017
at 7:00 under RNS No 4823X.
The price quoted in the table of Directors Interests in the
announcement was erroneously stated as 200p instead of the tender
offer price of 3.28p. This has now been corrected.
All other details remain unchanged.
The full amended announcement is shown below.
Taihua plc
("Taihua" or the "Company")
Result of Tender Offer and Directors' Interests
The Company today announces the results of the Tender Offer set
out in the shareholder circular published by the Company on 6
February 2017 (the "Circular"). The Tender Offer closed at 1.00
p.m. on 20 February 2017.
Result of Tender Offer
Under the Tender Offer, 7,490,352 Shares were validly tendered
and 7,490,352 Shares will be purchased at a price per Share of 3.28
pence, for an aggregate purchase price of GBP245,683.45. The Shares
to be purchased under the Tender Offer represent approximately 7.16
per cent. of the Company's entire issued share capital.
It is anticipated that the proceeds payable under the Tender
Offer to the Shareholders who hold their Shares in certificated
form will be dispatched no later than 28 February 2017 in the form
of a cheque. Those Shareholders who hold their Shares in
uncertificated form will have their CREST accounts credited no
later than 28 February 2017.
As set out in the Circular, the Shares will be purchased by
Daniel Stewart & Company plc pursuant to the Tender Offer and
the Company will purchase such Ordinary Shares from them under the
terms of the Repurchase Agreement as described in the Circular. The
Shares will be acquired into Treasury, and further announcements
will be made in due course. The Company intends to ultimately
cancel the Shares purchased by it under the Repurchase Agreement.
Further announcements will be made in due course.
Directors' Interests
The Directors' participation in the Tender Offer is set out
below:
Number Percentage Number of Number Percentage
of Ordinary of issued Ordinary of Ordinary of issued
Shares share Shares sold Shares ordinary
prior to capital under the following share capital
the Tender prior Tender Offer the Tender following
Offer to the at 3.28p Offer cancellation
Tender per Ordinary of the
Offer Share Tender
Offer shares
----------- ------------- ----------- -------------- ------------- ---------------
Nicholas
Lyth 340,000 0.32 340,000 0 0
----------- ------------- ----------- -------------- ------------- ---------------
Yunwu Liu 11,008,650 10.52 0 11,008,650 11.33
----------- ------------- ----------- -------------- ------------- ---------------
Mingjian
Yin 23,703,826 22.65 0 23,703,826 24.40
----------- ------------- ----------- -------------- ------------- ---------------
Chun Chai 5,504,325 5.26 0 5,504,325 5.67
----------- ------------- ----------- -------------- ------------- ---------------
Zhaoyang
Ma 0 0 0 0 0
----------- ------------- ----------- -------------- ------------- ---------------
Chong Cao 0 0 0 0 0
----------- ------------- ----------- -------------- ------------- ---------------
Capitalised terms used in this announcement have the same
meanings given to them in the Circular.
Enquiries:
Nicholas Lyth, Taihua plc 0776 990 6686
Katy Mitchell, WH Ireland Limited +44 161 832 2174
This information is provided by RNS
The company news service from the London Stock Exchange
END
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