27th Feb 2008 14:38
Origo Sino-India PLC27 February 2008 27 February 2008 Origo Sino-India PLC Proposed Fundraising, and Change of Advisors Origo Sino-India Plc ("Origo" or the "Company") (LSE: OSI) is pleased toannounce a proposed placing of shares and the appointment of new advisors. Proposed Placing The Company is actively pursuing discussions with various parties with respectto raising further funds in the form of a placing of ordinary shares at apremium to the Company's current share price. The net proceeds of any offeringwould be used to pursue co-investment opportunities with Origo Resource PartnersLimited, the AIM and CISX listed fund to which the Company provides consultancyservices through its related company Origo Advisers Limited, as well as toprogress other identified investment opportunities in China and India. A furtherannouncement in relation to timing and scale is expected in due course. Appointment of Advisors The Company is pleased to announce the appointment of Smith & Williamson,Liberum Capital and Ernst & Young as nominated advisor, broker and auditorrespectively with immediate effect. Commenting on today's announcements Chris Rynning, CEO of Origo, said: "Today's announcements further underline Origo's determination to capitalise onthe momentum within the business and in our portfolio companies. We continue toidentify a range of opportunities in the fast growing markets of India and Chinaand are positioning the Company to capture these opportunities and at the sametime manage our own capital efficiently for the future." ENDS Further information: Origo Sino-India PLC +86 1390 124 6417Chris [email protected] Nominated Adviser:Smith & Williamson Corporate Finance Limited +44 (0)20 7131 4000Azhic Basirov Broker:Liberum Capital Limited +44 (0)20 3100 2223Simon Atkinson Public Relations: +44 (0)20 7321 0000Aura FinancialMichael Oke/Andy Mills Notes to editors: Origo Sino-India Plc ("Origo"): • Origo is an established private equity investor and strategicconsultancy business, which provides its shareholders with exposure to growthopportunities and private equity returns in China and India. • Origo's business model is to generate capital gains from privateequity investment in growth companies from which it also generates fees forconsultancy services related to further fundraisings, M&A and strategicdevelopment. • Origo is aligned with two major institutions which provide a source ofhigh quality deal flow. In China, Origo works closely with China Equity, aleading private equity firm, whose chief executive is a member of Origo's board.In India, Origo has entered into a memorandum of understanding with SBI CapitalMarkets, one of the longest established companies in the Indian Capital Markets.A former chairman of the State Bank of India is also a member of the board ofOrigo. • On its admission to AIM in December 2006 Origo raised £12.8 milliongross of new money via a placing of 25,673,238 Ordinary Shares at 50 pence pershare. Each ordinary share carried a warrant exercisable at 55p. • Origo has a significant portfolio of investments in a range ofindustrial sectors, including mobile applications and content; naturalresources; art and paper products; furniture; food and beverage; online gaming;anti-virus software; and bio energy. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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