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24.06.2011
London Hong Kong Exchange Plc issues progress update
London Hong Kong Exchange Plc issues progress update
London, June 24th, 2011. London Hong Kong Exchange PLC (“LHKX”) is pleased to make the following announcement . Following the previously announced significant changes to LHKX PLC, the Board has been reviewing the status and progress of the various actions as earlier announced.
LHKX has also reviewed its investment agreement with Mecome BV House of Capital.The Board has decided that, in the best interest of its shareholders, the total investment should be reduced, thereby minimizing the dilution on current shareholders. Mecome have agreed and is prepared to re-negotiate the terms of the investment.In the framework of this re-negotiation,the Company has decided to take an equity participation in Mecome.As part of this revised transaction, a portion of the shares previously issuedto Mecome,will be returned to the Company.Further information about the new agreement will be released shortly.
LHKX is still planning to spin off the platform business into a separate company with an equity stake that is intended to remain with LHKX.
LHKX remains optimistic aboutits investment in CMX. CMX will give its own progress reports to the market in due course.
LHKX has further reviewed its interest to invest in Lioled and has decided to undertake additional due diligence before committing to the planned investment. LHKX is working with the board of Lioled to achieve this.
LHKX has identified a new, attractive investment opportunity which is related to a high tech, professional training services company currently being established in China. More information about this project will follow at a later stage.
LHKX has been advised that it’s annual audit for 2010 is being completed within the June period and the Company will call its AGM as soon as possible thereafter.
LHKX has been informed about the new regulations of the Frankfurt Stock Exchange and has been notified that as a consequence, its shares can for the time being no longer be listed on this Exchange. The Company is taking advice on possible solutions and alternatives that could provide a higher level of benefits to its shareholders. Meanwhile the Company will remain listed on the Berlin and Stuttgart Stock Exchanges.
For further information:
LONDON HONG KONG EXCHANGE PLC
51-53 Great Marlborough Street
London W1F 7JT
+41 44 251 1610
Email: press@lhkx.co.uk
The information in this press release constitutes "forward-looking information". Other than statements of historical fact, all statements are "Forward-Looking Statements» that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
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London, June 24th, 2011. London Hong Kong Exchange PLC (“LHKX”) is pleased to make the following announcement . Following the previously announced significant changes to LHKX PLC, the Board has been reviewing the status and progress of the various actions as earlier announced.
LHKX has also reviewed its investment agreement with Mecome BV House of Capital.The Board has decided that, in the best interest of its shareholders, the total investment should be reduced, thereby minimizing the dilution on current shareholders. Mecome have agreed and is prepared to re-negotiate the terms of the investment.In the framework of this re-negotiation,the Company has decided to take an equity participation in Mecome.As part of this revised transaction, a portion of the shares previously issuedto Mecome,will be returned to the Company.Further information about the new agreement will be released shortly.
LHKX is still planning to spin off the platform business into a separate company with an equity stake that is intended to remain with LHKX.
LHKX remains optimistic aboutits investment in CMX. CMX will give its own progress reports to the market in due course.
LHKX has further reviewed its interest to invest in Lioled and has decided to undertake additional due diligence before committing to the planned investment. LHKX is working with the board of Lioled to achieve this.
LHKX has identified a new, attractive investment opportunity which is related to a high tech, professional training services company currently being established in China. More information about this project will follow at a later stage.
LHKX has been advised that it’s annual audit for 2010 is being completed within the June period and the Company will call its AGM as soon as possible thereafter.
LHKX has been informed about the new regulations of the Frankfurt Stock Exchange and has been notified that as a consequence, its shares can for the time being no longer be listed on this Exchange. The Company is taking advice on possible solutions and alternatives that could provide a higher level of benefits to its shareholders. Meanwhile the Company will remain listed on the Berlin and Stuttgart Stock Exchanges.
For further information:
LONDON HONG KONG EXCHANGE PLC
51-53 Great Marlborough Street
London W1F 7JT
+41 44 251 1610
Email: press@lhkx.co.uk
The information in this press release constitutes "forward-looking information". Other than statements of historical fact, all statements are "Forward-Looking Statements» that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
<a href="http://www.irw-press.com/alert_subscription.php?lang=en&isin=GB00B3D35R83">http://www.irw-press.com/alert_subscription.php?lang=en&isin=GB00B3D35R83</a>
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.