Global Education Announces Shareholder Approval of Merger With Pearson Plc
20 Dicembre 2011 - 3:14PM
Global Education & Technology Group Ltd. (Nasdaq:GEDU) ("Global
Education" or the "Company"), the largest test preparation provider
for the International English Language Testing System ("IELTS") and
a leading provider of educational courses and related services in
China, today announced that, at the extraordinary general meeting
of Global Education shareholders (the "EGM") on December 19, 2011,
shareholders voted overwhelmingly in favor of the previously
announced merger with Pearson plc ("Pearson") and Genius Merger Sub
("Merger Sub") pursuant to the Agreement and Plan of Merger dated
November 19, 2011 (the "Merger Agreement") by and among the
Company, Pearson and Merger Sub. Approximately 90% of the Company's
total outstanding ordinary shares voted in person or by proxy at
the EGM to approve the merger and approve and adopt the Merger
Agreement.
Following the approval by its shareholders, the Company is
working diligently with Pearson to satisfy all other conditions
precedent to the merger set forth in the Merger Agreement and
complete the merger as quickly as possible.
About Global Education
Global Education & Technology Group Ltd. (Nasdaq:GEDU) is
the largest test preparation provider for IELTS and a leading
provider of educational courses and related services in China.
Under its "Global" brand, the Company also offers diversified
services that span a student's educational life cycle, including
after-school courses, overseas study consulting, and professional
certification test preparation. As of September 30, 2011, the
Company's network comprised 115 directly operated and 327
franchised learning centers across China, as well as an online
course delivery platform with more than one million registered
members. For more information, please visit www.gedu.org.
The Global Education & Technology Group Limited logo is
available at
http://www.globenewswire.com/newsroom/prs/?pkgid=11124
Safe Harbor Statements
This announcement contains forward-looking statements. These
statements constitute "forward-looking" statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
and as defined in the U.S. Private Securities Litigation Reform Act
of 1995. These forward-looking statements can be identified by
terminology such as "will," "expects," "anticipates," "future,"
"intends," "plans," "believes," "estimates" and similar statements.
Such statements involve certain risks and uncertainties that could
cause actual results or events to differ materially from those in
the forward-looking statements. Further information regarding these
and other risks is included in GEDU's filings with the U.S.
Securities and Exchange Commission, including its registration
statement on Form F-1 and annual reports on Form 20-F, as amended
from time to time. GEDU does not undertake any obligation to update
any forward-looking statement, except as required under applicable
law, and does not make any forecasts or projections and does not
confirm or adopt any forecasts or projections made by any other
person.
CONTACT: For investor inquiries, please contact:
Global Education & Technology Group Ltd.
Ms. Wang Ke
Investor Relations Supervisor
Phone: +86-10-6212-5800 ext 671
E-mail: ir@gedu.org
ICR Inc.
Mr. Rob Koepp
Phone: +86-10-6583-7516 or +1-646-328-2550
E-mail: robert.koepp@icrinc.com
Grafico Azioni Global Education & Technology Grp. Ltd ADS (MM) (NASDAQ:GEDU)
Storico
Da Ago 2024 a Set 2024
Grafico Azioni Global Education & Technology Grp. Ltd ADS (MM) (NASDAQ:GEDU)
Storico
Da Set 2023 a Set 2024