Air China Ld INCREASE IN SHAREHOLDING OF THE COMPANY (0881G)
August 03 2016 - 2:00AM
UK Regulatory
TIDMAIRC
RNS Number : 0881G
Air China Ld
03 August 2016
Hong Kong Exchanges and Clearing Limited and The Stock Exchange
of Hong Kong Limited take no responsibility for the contents of
this announcement, make no representation as to its accuracy or
completeness and expressly disclaim any liability whatsoever for
any loss howsoever arising from or in reliance upon the whole or
any part of the contents of this announcement.
AIR CHINA LIMITED
(a joint stock limited company incorporated in the People's
Republic of China with limited liability)
(Stock Code:00753)
ANNOUNCEMENT ON IMPLEMENTATION RESULTS OF INCREASE IN
SHAREHOLDING OF THE COMPANY BY THE
CONTROLLING SHAREHOLDER
Reference is made to the announcement (the "Announcement") of
Air China Limited (the "Company") dated 3 August 2015 in relation
to the increase in shareholding of the Company by its controlling
shareholder. Unless otherwise indicated, capitalised terms used in
this announcement shall have the same meanings as those defined in
the Announcement.
As of 2 August 2016, China National Aviation Holding Company
("CNAHC"), the controlling shareholder of the Company, has
completed the Further Acquisition Plan. During the period
between
3 August 2015 and 2 August 2016, CNAHC has cumulatively
increased its shareholding in the Company by 11,211,786 A shares
via the trading system of the Shanghai Stock Exchange, representing
approximately 0.09% of the total share capital of the Company.
Prior to the implementation of the Further Acquisition Plan, CNAHC,
directly and indirectly, held 6,992,572,799 shares of the Company,
representing approximately 53.44% of the total share capital of the
Company. Immediately following the implementation of the Further
Acquisition Plan, CNAHC, directly and indirectly, held
6,995,092,799 shares of the Company, representing approximately
53.46% of the total share capital of the Company.
CNAHC has not reduced its shareholding in the Company during the
period of the implementation of the Further Acquisition Plan
pursuant to its undertaking.
In accordance with relevant provisions under the Administrative
Measures for Takeovers of Listed Companies and Guidelines for the
Increase in Shareholdings by Shareholders of Listed Companies and
Their Persons Acting in Concert, CNAHC has engaged a PRC legal
advisor, which issued a verification opinion on 2 August 2016
specifically on the Further Acquisition Plan and its
implementation. The PRC legal advisor is of the opinion that:
(a) CNAHC has the capacity to implement the Further Acquisition
Plan, and has obtained valid approvals for the Further Acquisition
Plan;
(b) as of the date of the verification opinion, CNAHC has
complied with the related information disclosure obligations under
the PRC laws for the Further Acquisition Plan;
(c) the disclosure made in relation to the Further Acquisition
Plan is in compliance with the Securities Law of the People's
Republic of China, the Guidelines for the Increase in Shareholdings
by Shareholders of Listed Companies and their Persons Acting in
Concert and related laws, administrative regulations, government
department rules and normative documents; and
(d) Pursuant to Article 63, Paragraph 2 of the Administrative
Measures for Takeovers of Listed Companies, application for share
transfer and registration under the Further Acquisition Plan is
exempt from the requirement of a waiver application and can be made
directly to the securities exchange and the securities registration
and settlement institution.
By order of the Board
Air China Limited
Rao Xinyu Tam Shuit Mui
Joint Company Secretaries
Beijing, the PRC, 2 August 2016
As at the date of this announcement, the directors of the
Company are Mr. Cai Jianjiang, Mr. Song Zhiyong, Mr. Cao Jianxiong,
Mr. Feng Gang, Mr. John Robert Slosar, Mr. Ian Sai Cheung Shiu, Mr.
Pan Xiaojiang*, Mr. Simon To Chi Keung*, Mr. Stanley Hui
Hong-chung* and Mr. Li Dajin*.
* Independent non-executive Director of the Company
This information is provided by RNS
The company news service from the London Stock Exchange
END
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