18th Nov 2009 10:12
18 November 2009
Origo Sino-India PLC
Warrant Subscription Rights
Origo Sino-India plc ("Origo" or the "Company") announces it has sent a letter today to the Origo warrantholders reminding them they have the right to exercise their right to subscribe for one ordinary share in the Company ("Ordinary Share") for every outstanding warrant at the price of 55 pence per Ordinary Share. Warrantholders are also reminded that the subscription rights, if not exercised on or prior to 21 December 2009, will lapse. A copy of the letter is available on the Company's website: www.origoplc.com.
Further information:
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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").
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