19th Oct 2009 17:40
19 October 2009
Origo Sino-India Plc
Directors' dealing and significant shareholder's interest
Origo Sino-India Plc ("Origo") (AIM: OSI) announces that on Friday 16 October 2009 Todlaw Corporate Services Limited ("Todlaw") sold its entire shareholding of 6,690,000 ordinary shares in the Company (representing 6.9% of the Company's issued share capital) at a price of 15.5 pence per share to a number of directors and employees of the Company and also to Origo Sino-India Plc EBT (the "EBT"). The EBT purchased 5,105,163 shares (representing 5.23% of the Company's issued shares) and the directors purchased shares as follows: Wang Chao Yong purchased 657,311 shares; Chris Rynning purchased 463,763 shares; and Niklas Ponnert purchased 463,763 shares. Of the shares purchased by the EBT, 4,847,099 shares have been acquired jointly with certain directors and employees of the Company; the beneficial interests of the directors in the shares purchased by the EBT are as follows: Wang Chao Yong is interested in 1,314,624 shares; Chris Rynning is interested in 1,314,624 shares; and Niklas Ponnert is interested in 1,314,624 shares. The beneficial interests of the directors referred to above in the ordinary shares of the Company following these transactions is as follows:
|
Director |
Beneficial interest in EBT shares |
Other beneficial interests |
Total beneficial interests |
% of issued share capital |
|
Wang Chao Yong |
1,314,624 |
2,672,951 |
3,987,575 |
4.09% |
|
Chris Rynning |
1,314,624 |
12,766,384 |
14,081,088 |
14.44% |
|
Niklas Ponnert |
1,314,624 |
1,041,385 |
2,356,009 |
2.42% |
For further information about Origo please visit www.origoplc.com or contact:
|
Origo Sino-India PLC Chris Rynning Niklas Ponnert
|
+86 1390 124 6417 +86 1351 106 1672 |
|
Nominated Adviser: Smith & Williamson Corporate Finance Limited Azhic Basirov
|
+44 (0)20 7131 4000 |
|
Broker: Liberum Capital Limited Simon Atkinson
|
+44 (0)20 3100 2222 |
|
Public Relations: Aura Financial Andy Mills / Nina Legge |
+44 (0)20 7321 0000 |
Notes to editors:
Origo Sino-India Plc ("Origo"):
Origo is an established private equity investor and strategic consultancy business, which provides its shareholders with exposure to growth opportunities and private equity returns in China and India.
Origo's business model is to generate capital gains from private equity investment in growth companies from which it also generates fees for consultancy services related to further fundraisings, M&A and strategic development.
Through a placement of new Origo ordinary shares in March 2008, funds managed by GLG Partners LP invested approximately £17 million bringing their total stake in Origo to approximately 29.6% of the Company's outstanding share capital.
Origo also signed a memorandum of understanding with GLG Partners LP in March 2008 to explore asset management and advisory opportunities in China, India and other markets.
On its admission to AIM in December 2006 Origo raised GBP12.8 million gross of new money via a placing of 25,673,238 Ordinary Shares at 50 pence per share. Each ordinary share carried a warrant exercisable at 55p.
Origo has a significant portfolio of investments in a range of industrial sectors, including metals and mining, agriculture, renewable energy/clean teach, and technology, telecom and media ("TMT").
Related Shares:
OPP.L