ZTC Ztc Tele.

 

TIDMZTC 
 
RNS Number : 9024Q 
ZTC Telecommunications plc 
21 April 2009 
 

 
 
ZTC Telecommunications Plc 
 
 
Results of the Annual General Meeting, Board Changes and Total Voting Rights 
 
 
ZTC Telecommunications Plc (the "Company") confirms that all the resolutions put 
to shareholders at the Company's Annual General Meeting held today were duly 
passed. 
 
 
Following the passing of the resolutions, it is expected that the change of name 
of the Company to China Evoline Plc will be implemented with immediate effect 
and the record date for the share capital reorganisation will be 6 pm on 
22 April 2009 (the "Record Date"). The disposal of Praise Ease Limited has been 
completed and the investment agreement entered into on 27 March 2009 with 
Wellhigh and Staybest (the "Investment Agreement") has become unconditional 
(save only for the condition as to Admission). 
 
 
Further to the Investment Agreement, the Company will issue 92,885 new ordinary 
shares of 1p each at a placing price of 23p to Staybest Limited (the 
"Subscription Shares") with effect from the Record Date. Following the 
completion of the share capital reorganisation, Staybest Limited will be 
interested in 228,885 ordinary shares of 1p each in the Company which will 
represent 73.77 per cent of the issued share capital of the Company. 
 
 
Application has been made to the London Stock Exchange for the 217,380 ordinary 
shares of 1p each, deriving from the reorganisation of the Company's old 
ordinary shares of 10p each as a result of the share capital reorganisation and 
the Subscription Shares to be admitted to trading under the Company's new name, 
China Evoline plc. The ordinary shares of 1p each are expected to be admitted to 
trading on 23 April 2009 ("Admission") and the current suspension of trading in 
the Company's shares is expected to be lifted. 
 
 
Following Admission, the Company will have a total of 310,265 voting ordinary 
shares of 1p each in issue, none of which are held in treasury. 
 
 
Further to the announcement made by the Company on 30 March 2009, the Company 
has today appointed each of Mr. Jian (aka Jeffrey) Xin, Mr. Xuedong (aka Louge) 
Lou and Mr. Yumao Zheng as non-executive directors of the Company. 
 
 
Contact: 
 
 
ZTC Telecommunications plc 
Frank Lewis, Chairman 
+44 (0)7775 504 313 
 
 
Fairfax I.S. PLC 
Nominated Adviser and Broker 
Adam Hart / Laura Littley 
+44 (0)207 598 5368 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCCKDKPCBKKCQB 
 

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