2nd Nov 2009 14:04
2 November 2009
Origo Sino-India Plc
Transfer of shares to director
Origo Sino-India Plc ("OSI" or "the Company") (AIM:OSI) announces the transfer on Friday 30 October of 50,000 shares from Atlas First Nominees Limited to the benefit of Niklas Ponnert, a director of OSI, for no consideration, in recognition for his services to the Company. These shares were previously held by Atlas First Nominees Limited subject to the directions of the board of OSI. Mr Ponnert is now interested in 2,406,009 ordinary shares in the capital of the Company, representing 2.47% of the Company's issued share capital.
For further information about Origo please visit www.origoplc.com or contact:
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Origo Sino-India PLC Chris Rynning Niklas Ponnert
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+86 1390 124 6417 +86 1351 106 1672 |
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Nominated Adviser: Smith & Williamson Corporate Finance Limited Azhic Basirov
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+44 (0)20 7131 4000 |
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Broker: Liberum Capital Limited Simon Atkinson
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+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 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