4th Dec 2009 07:00
4 December 2009
Origo Sino-India Plc
Holding in Company
Origo Sino-India Plc ("OSI" or "the Company") (AIM:OSI) announces that the Company was notified on Friday 27 November that Lehman Brothers Bankhaus AG ("LBB") are the beneficial owners of 10,199,439 ordinary shares of £0.0001 each in the capital of the Company (the "Shareholding"). The Shareholding equates to 10.46% of the issued share capital of the Company.
As previously disclosed in the Company's re-admission document dated 10 November, the Company has been informed by GLG Partners LP that 12,088,248 ordinary shares in the Company were custodied with Lehman prior to the Lehman insolvency. It is the Company's understanding that the notification by LBB relates to 10,199,439 of such shares.
For further information about Origo please visit www.origoplc.com or contact:
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Origo Sino-India PLC Chris Rynning Niklas Ponnert |
+86 1390 124 6417 +86 1351 106 1672 |
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Nominated Adviser: Smith & Williamson Corporate Finance Limited Azhic Basirov |
+44 (0)20 7131 4000 |
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Broker: Liberum Capital Limited Simon Atkinson |
+44 (0)20 3100 2222 |
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Public Relations: Aura Financial Andy Mills / Nina Legge |
+44 (0)20 7321 0000 |
Notes to editors:
Origo Sino-India PLC ("Origo") & Origo Resource Partners ("ORP"):
• 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.
• Origo 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.
• Origo has a significant portfolio of investments in a range of industrial sectors, including metals and mining, agriculture, renewable energy/clean tech and technology, telecom and media ("TMT").
• Origo provides consultancy services to ORP, which invests in private-equity natural resources opportunities in China and India. ORP raised £48.6 million in gross proceeds through an IPO in December 2007.
• The recommended merger of OSI and ORP was announced on 16 October 2009 and is subject inter alia to the approval of the shareholders of both companies. It is expected that the merger of OSI and ORP will complete on 14 December 2009
• The merger will create a single listed entity benefitting from greater liquidity, scale and efficiencies through which investors can access the predominantly China-linked private equity opportunities identified by Origo's management team.
Related Shares:
OPP.L