CMSH China Medical

 

TIDMCMSH 
 
RNS Number : 0234M 
China Medical Systems Holdings Ltd 
17 May 2010 
 
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| For Immediate release              |                        17 May 2010 | 
+------------------------------------+------------------------------------+ 
 
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE 
OR IN PART, IN, INTO OR FROM THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR 
JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF 
THE RELEVANT LAWS OR REGULATION. 
 
                      China Medical System Holdings Ltd. 
                            ("CMS" or "the Company") 
                                Issue of Shares 
 
China Medical System Holdings Limited (AIM: CMSH) announces that the Company has 
issued 11,835ordinary shares at an issue price of 598.9 pence per share (being 
the average closing price in the last twenty trading days) to Fully Profit 
Management (PTC) Limited, a British Virgin Island (BVI) trust company acting as 
trustee for the Key Employee Benefit Scheme. 
 
Consequently the Company has applied for these 11,835 new ordinary shares in the 
Company to be admitted to trading on AIM, with admission expected to occur on or 
around 20 May 2010. 
 
Following this issue the Company will have 47,684,572 ordinary shares in issue, 
which represent the Company's total voting rights. 
Following the transaction, Fully Profit Management (PTC) Limited's interest in 
the Company represents 176,991 ordinary shares or approximately 0.37 per cent. 
of the issued share capital of the Company. 
Three directors of the Company, Mr. Chen Hongbing, Ms. Hou Xiaoxuan and Ms. Chen 
Yanling, are participants in the Scheme and will be entitled to a monthly cash 
pension payment upon their retirement in accordance with the terms of the 
scheme, provided any vesting pre-conditions are met. 
About the Key Employee Benefit Scheme 
 
The Key Employee Benefit Scheme ("Scheme") is a long term incentive plan for the 
key employees of the Company and its subsidiaries ("Group") and is aimed at 
aligning the interests of the key employees and Shareholders in the long term 
growth and development of the Company. Under the Scheme, the Board of Directors 
may, at its sole discretion, invite select employees including directors of the 
Group to participate in the Scheme. Upon becoming a fully vested beneficiary, an 
eligible member of the Scheme will be entitled to a monthly pension payment 
payable in cash upon his retirement in accordance with the terms of the scheme, 
provided any vesting pre-conditions are met. The Scheme is funded by annual 
contributions made by the Company, subject to the Board's approval. The amount 
of annual contribution is equal to 0.5% to 3% of the Group's after tax profit. 
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 Mr. Lam Kong, the Chairman and CEO of the Company. Mr. 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. 
 
For further information, please contact: 
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| China Medical System Holdings Ltd     | + (852) 2369 3889  | 
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| Vincent Hui                           |                    | 
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| Seymour Pierce Limited                | + 44 (0)20         | 
|                                       | 7107 8344          | 
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| Chris Howard                          |                    | 
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The information contained in this document is not for release, publication or 
distribution, directly or indirectly, in whole or in part, in, into or from in 
the United States of America (including its territories and possessions, any 
state of the United States and the District of Columbia). These materials do not 
contain, constitute or form part of an offer to sell or the solicitation of an 
offer to purchase securities in the United States. The securities referred to 
herein (the "Securities") have not been and will not be registered under the US 
Securities Act of 1933, as amended (the "Securities Act"), and may not be 
offered or sold in the United States absent registration under the Securities 
Act except pursuant to an available exemption from, or in a transaction not 
subject to, the registration requirements of the Securities Act. There will be 
no public offer of the Securities in the United States. 
 
Notes for editors 
China Medical System Holdings Limited 
China Medical System Holdings Ltd., (CMS) is listed on the Alternative 
Investment Market (AIM) of the London Stock Exchange with the ticker symbol 
"CMSH". It is a marketing and promotional service provider in China for 
prescription pharmaceutical products. For further information, please visit 
www.chinamedicalsystem.com 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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