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Tuesday, October 19, 2010

[cpsnewswire] [BREAKING NEWS] MMC: Exercise of Greenshoe, Total Raised US$748.5M, Public Shares now 22.3%

CPS International is a marketing arm of CPS Securities in Mongolia. CPS Securities is a Perth, Western Australia based AFSL License Holder. To trade ASX and international stocks, feel free to contact me at mogi@cpsinternational.mn or +976-99996779.

Mogi: Dear subscribers, due to my mail server spam-blocking my newswires, I'm sending them from an internet account. In replying back, please direct them to mogi@cpsinternational.mn. Thank you.

Mogi: Apologies for many emails! MMC needs a better way of releasing these announcements than just posting them on their website. 

 

 

EXERCISE OF OVER-ALLOTMENT OPTION

October 19 (MMC) The Company announces that the Over-allotment Option referred to in the Prospectus was exercised by the Joint Global Coordinators on behalf of the International Underwriters on October 18, 2010 requiring the Company to issue and allot 107,914,000 additional Shares (the "Over-allotment Shares"), representing approximately 15% of the Offer Shares initially being offered under the Global Offering.

The Over-allotment Shares will be issued and allotted by the Company at HK$7.02 per Share (excluding brokerage fee of 1%, SFC transaction levy of 0.003% and Stock Exchange trading fee of 0.005%), being the Offer Price per Share under the Global Offering.

The Company announces that the Over-allotment Option has been exercised by the Joint Global Coordinators on behalf of the International Underwriters on October 18, 2010 to require the Company to issue and allot 107,914,000 additional Shares, representing approximately 15% of the Offer Shares initially available under the Global Offering.

The Over-allotment Shares will be issued and allotted by the Company at HK$7.02 per Share (excluding brokerage of 1%, SFC transaction levy of 0.003% and Hong Kong Stock Exchange trading fee of 0.005%), being the Offer Price per Share under the Global Offering. The Overallotment Shares will be used to, among other things, cover over-allocations in the International Placing.

Listing of and permission to deal in the Over-allotment Shares has already been granted by the Listing Committee of the Hong Kong Stock Exchange. Listing of and dealings in such Overallotment Shares are expected to commence on the Main Board of the Hong Kong Stock Exchange at 9:30 a.m. on October 21, 2010.

The shareholding structure of the Company immediately before and immediately after the issue and allotment of the Over-allotment Shares by the Company is as follows:

The additional net proceeds to be received by the Company upon issue and allotment of the Overallotment Shares are estimated to be approximately HK$738.6 million which will be used by the Company for the same purposes on a pro-rata basis as set out in the section headed "Future Plans and Use of Proceeds" of the Prospectus.

Link to announcement

 

Mogi: MMC's total raised capital is HK$5,807M (includes fees) or approximately US$748.5M (Bloomberg, October 19, US$=HK$7.7596)

 

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"Mogi" Munkhdul Badral

Executive Director

CPS International

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Email: mogi@cpsinternational.mn

Mobile: +976-99996779

 

CPS International is a marketing arm of CPS Securities in Mongolia. CPS Securities is a Perth, Western Australia based AFSL License Holder. To trade ASX and international stocks, feel free to contact me at mogi@cpsinternational.mn or +976-99996779.

 

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