HKEx Listing Update and Suspension
August 06 2010 - 11:24AM
UK Regulatory
TIDMWCC
RNS Number : 7218Q
West China Cement Limited
06 August 2010
West China Cement
Proposed dates of De-listing from AIM and HKEx Listing and suspension of trading
on AIM
6August 2010
West China Cement ("WCC" or "the Company"), a leading Cement producer in Shaanxi
Province, China wishes to announce the proposed date of de-listing of the
Company's ordinary shares from trading on the AIM Market of the London Stock
Exchange (the "De-Listing"), the date of the listing of the Company's shares on
the Hong Kong Stock Exchange ("HKEx") and that trading in the Company's shares
will be suspended from trading on the London Stock Exchange at 7am on 11 August
2010.
Suspension From Trading
In reference to the Company's announcement of 26 July 2010, given the
highlighted settlement issues occurring as a result of the HKEx practice for
shares to be delivered in materialised form, these shares will no longer be able
to settle electronically as is required by Rule 36 of the AIM Rules for
Companies. As a result, trading in the Company's shares will be suspended from
trading on the London Stock Exchange as at 7am on 11 August 2010. As a
consequence no trading will be possible between this date and the commencement
of trading of the Company's shares on the HKEx.
Revised Record Date
As a result of the amended timetable, the Record Date will now be 4:30pm (UK) on
13 August 2010 ("the Revised Record Date"). This allows for all trades up until
4:30pm on 10 August 2010 to be settled prior to Revised Record Date. The HKEx
tradable share certificates registered on WCC's Hong Kong share register will be
sent out to shareholders to their address as set out on WCC's Jersey share
register as at the Revised Record Date and the new Hong Kong share certificates
will be dispatched to such registered shareholders on the day before trading
commences on the HKEx.
De-Listing from AIM and Listing on the HKEx
At the Extraordinary General Meeting of the Company held on 20 July 2010,
shareholders approved the resolutions, amongst others, to renew the authority
granted by the shareholders for the De-listing. The timing of the De-Listing is
contingent upon the timing of the HKEx Listing. The De-Listing is expected to
take place at 7.00am on 23August 2010 and that the first trading day on the HKEx
will be on the same day.
The HKEx Listing and the De-listing are subject to, inter alia, the HKEx
granting formal listing approval.
Publication of updated WPIP
The Company would also like to announce that it is posting an updated version of
the web proof information pack ("WPIP") on the website of the HKEx on 9 August
2010, and this will be available following its publication at
www.hkexnews.hk/reports/prelist/wpip_co_list.htm and on the Company's website at
www.westchinacement.com in the investor relations section.
For further information, please contact:
West China Cement Limited
Po Ling Low, Tel: +86 139 1088 6649
Anthony Schindler, Tel: +44 7710 1789 28
NCB Stockbrokers Limited
Christopher Caldwell, Tel: +44 20 7071 5200
This information is provided by RNS
The company news service from the London Stock Exchange
END
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