Capital Reduction
10 Dicembre 2008 - 2:30PM
UK Regulatory
RNS Number : 8904J
EBT Mobile China PLC
10 December 2008
EBT Mobile China plc
10 December 2008
10 December 2008
EBT Mobile China plc ('EBT Mobile' or 'the Company')
Capital Reduction
EBT Mobile announces the approval by the High Court of the Capital Reduction. Defined terms in the circular sent to shareholders on 22
October 2008 bear the same meanings in this announcement.
The Tender Offer is conditional upon (i) the issue by the registrar of Companies of a Certificate in relation to the Capital Reduction
and (ii)the Repurchase Agreement becoming unconditional. If these conditions are not satisfied, the Tender Offer will not be completed.
Subject to satisfaction of these conditions, the Tender Offer will be completed on 15 December 2008. CREST accounts are expected to be
credited with Tender Offer proceeds on 16 December 2008 and cheques, with balance share certificates as appropriate, are expected to be
dispatched on the same date.
Ordinary Shares purchased in the Tender Offer will be cancelled by the Company on completion of the Tender Offer and the Company's
issued share capital will accordingly decrease.
De-listing (cancellation of the Ordinary Shares to trading on AIM) is expected to take place on 17 December 2008 regardless of whether
the conditions set out above have been satisfied. Following de-listing, the Company intends to set up a matched bargain facility which will
be available to Shareholders wishing to indicate any buying or selling interest in the Company's Ordinary Shares.
Further announcements will be made as appropriate.
Enquiries:
EBT Mobile
Jim Reiman, Non-Executive Chairman
001 847 784 8100
Stephen Davidson, Non-Executive Director
0781 801 2281
Panmure Gordon (UK) Limited
Aubrey Powell
Giles Stewart
020 7459 3600
Weber Shandwick Financial
Terry Garrett
Stephanie Badjonat
John Moriarty
020 7067 0700
This information is provided by RNS
The company news service from the London Stock Exchange
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