China New Energy Ltd HKEx Admission and Cancellation of Trading on AIM (9984S)
July 14 2020 - 10:49AM
UK Regulatory
TIDMCNEL
RNS Number : 9984S
China New Energy Ltd
14 July 2020
14 July 2020
China New Energy Limited
(the "Company" or "CNE")
HKEx Admission and Cancellation of Trading on AIM
The Board of CNE (AIM: CNEL), the AIM quoted engineering and
technology solutions provider to the bioenergy sector, is pleased
to announce that, further to the announcement of 14 July 2020, it
has received final approval to list its securities on the Main
Board of The Stock Exchange of Hong Kong Limited ("HKEx")
("Admission") and all conditions for Admission have been
satisfied.
Accordingly, the Company will proceed with the transfer of its
listing to HKEx and Admission and cancellation of trading of the
Company's share on AIM ("Cancellation") will continue as previously
notified. Trading of the Company's shares on HKEx will commence
tomorrow, 15 July 2020, at 09:00 a.m. (HKT) with stock code: 1156
and, pursuant to Rule 41 of the AIM Rules for Companies,
Cancellation will occur at 07:00 a.m. (BST) the same day.
Transfer of Shares to the HKEx
The Company's registrar Computershare UK is instructed to
withdraw the Company's securities from CREST and transfer the share
register to Computershare HK and the shares of the Company can be
deposited into the Hong Kong Central Clearing and Settlement System
(CCASS) to enable trading of its shares on the HKEx.
For investors who returned a valid election form and have
selected the First Record Date of 30 June 2020 and have already
withdrawn their securities from CREST, their Hong Kong share
certificates shall be despatched in accordance with their
instructions and available to trade on the HKEx at 09:00 (HKT) on
the 15 July 2020.
For investors who have returned a valid election form and have
selected the second record date of 14 July 2020, they may continue
to trade their shares until 16:30 (BST) today, their Hong Kong
share certificates will be despatched in accordance with their
instructions and available to trade soon after the dealing in the
Company's shares commences trading on HKEx.
For investors who did not return an election form, Hong Kong
share certificates shall be sent to the registered address. For the
avoidance of doubt, no shares will be cancelled and shareholders
will maintain their interest in the Company upon Admission. For
further information on receiving their share certificates or
trading their shares on HKEx, shareholders should contact their
brokers or financial advisers.
Commenting, Mr Yu, Chairman, said, "We would like to thank AIM,
our Advisers and shareholders for their support whilst on AIM. We
are delighted that many shareholders have elected to continue with
the Company and we look forward to continued success on the
HKEx."
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
For further information, please contact:
China New Energy Limited
Ivy Xu xuhj@zkty.com.cn Tel: +86 20 8705
Richard Bennett 9371
rbennett@zkty.com.cn Tel: +44 7966
388374
Cairn Financial Advisers LLP Tel: +44 20 7213 0885
(Nomad & Broker)
Jo Turner / Sandy Jamieson
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END
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