By 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.
This announcement appears for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for the securities.
MOBILE TELECOM NETWORK (HOLDINGS) LIMITED*
(Incorporated in the Cayman Islands with limited liability)
(Stock code: 8266) COMPLETION OF THE PLACING OF NON-LISTED WARRANTS Placing Agent
The Board is pleased to announce that all the conditions precedent under the Warrant Placing Agreement has been fulfilled and the Warrant Placing was completed on 31 January 2013 in accordance with the terms and conditions of the Warrant Placing Agreement.
Reference is made to the announcement of Mobile Telecom Network (Holdings) Limited (the "Company") dated 15 January 2013 (the "Announcement") in relation to, inter alia, the Warrant Placing. Unless otherwise defined, capitalised terms used herein shall have the same meanings as those defined in the Announcement.
The Board is pleased to announce that all the conditions precedent under the Warrant Placing Agreement has been fulfilled and the Warrant Placing was completed on 31 January 2013 in accordance with the terms and conditions of the Warrant Placing Agreement.
Upon completion, an aggregate of 120,000,000 Warrants had been successfully placed by the Placing Agent to seven Warrant Placees which (including their respective ultimate beneficial owners, where applicable) are Independent Third Parties at a price of HK$0.01 per Warrant. Upon full exercise of the subscription rights attaching to the Warrants, a total of 120,000,000 Warrant Shares will be issued, representing (i) approximately 8.75% of the issued share capital of the Company as at the date of this announcement; and (ii) approximately 8.05% of the issued share capital of the Company as enlarged by the allotment and issue of the Warrant Shares upon full exercise of the subscription rights attaching to the Warrants.
* For identification purpose only
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CHANGES OF SHAREHOLDING STRUCTUREAssuming there being no other changes in the share capital of the Company, the changes of the shareholding structure of the Company (i) immediately before completion of the Warrant Placing; and (ii) immediately upon exercise of the subscription rights attaching to the Warrants in full are as follows:
Shareholders Immediately before completion of the Warrant PlacingApproximate
Immediately upon exercise of the subscription rights attached to the Warrants in fullApproximate
No. of Shares
Percentage No. of Shares
Percentage
China Oil Resources Group Limited 355,571,722 25.93% 355,571,722 23.84% Vodatel Information Limited 155,419,392 11.33% 155,419,392 10.42% The Warrant Placees - - 120,000,000 8.05% Other public Shareholders 860,397,259 62.74% 860,397,259 57.69%
Total 1,371,388,373 100.00% 1,491,388,373 100.00% By order of the Board
Executive Director
Hong Kong, 31 January 2013
As at the date of this announcement, the Board comprises four executive Directors, namely, Mr. Chan Wai Kwong, Peter, Mr. Siu King Nin, Peter, Mr. Choi Ho Yan and Mr. So Haw, Herman; and three independent non-executive Directors, namely, Mr. Chiu Wai Piu, Mr. Cheung Kwan Hung, Anthony and Mr. Heung Chee Hang, Eric.
This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquires, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive and there are no other matters the omission of which would make any statement herein or this announcement misleading.
This announcement will remain on the GEM website at www.hkgem.com on the "Latest Company Announcements" page for at least 7 days from the date of its publication and on the Company's website at www.mtelnet.com.
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