GENERAL MANDATES TO ISSUE AND REPURCHASE SHARES. As the general mandates granted to the Directors to allot, issue, and deal with and repurchase Shares respectively pursuant to an ordinary resolution passed by the annual general meeting held on 5 June 2020 will lapse at the conclusion of the AGM, resolutions will be proposed at the AGM to renew the grant of these general mandates. The relevant resolutions, in summary, are: • an ordinary resolution to grant to the Directors a general unconditional mandate to allot, issue, and deal with additional securities of the Company (including, inter alia, offers, agreements, options, warrants or similar rights in respect thereof) not exceeding 20% of the aggregate number of the Company’s issued share capital as at the date of passing the relevant resolution for the period from the close of the AGM until the conclusion of the next annual general meeting of the Company (or such earlier period as stated in the resolution) (the “Issue Mandate”). On the basis of the aggregate number of 818,842,094 Shares in issue as at the Latest Practicable Date and assuming no further Shares will be issued or repurchased by the Company before the AGM, exercise in full of the Issue Mandate could result in up to 163,768,418 new Shares being issued by the Company; • an ordinary resolution to grant to the Directors a general unconditional mandate to exercise all the powers of the Company to repurchase such number of Shares not exceeding 10% of the aggregate number of the Company’s issued share capital as at the date of passing the relevant resolution for the period from the close of the AGM until the conclusion of the next annual general meeting of the Company (or such earlier period as stated in the resolution) (the “Repurchase Mandate”); and • conditional on the passing of the resolutions to grant the Issue Mandate and the Repurchase Mandate, an ordinary resolution to authorise the Directors to exercise the powers of the Company to allot, issue, and deal with additional securities under the Issue Mandate by adding those Shares repurchased by the Company pursuant to the Repurchase Mandate. The explanatory statement providing the requisite information regarding the Repurchase Mandate as required to be sent to the Shareholders under the Listing Rules is set out in Appendix II to this circular. The notice convening the AGM is set out on pages 11 to 14 to this circular. At the AGM, amongst other things, ordinary resolutions will be proposed to approve the re-election of the retiring Directors...
GENERAL MANDATES TO ISSUE AND REPURCHASE SHARES. INTRODUCTION
GENERAL MANDATES TO ISSUE AND REPURCHASE SHARES. A letter from the chairman of the Company is set out on pages 3 to 7 of this document. A notice convening the annual general meeting of the shareholders of the Company to be held at Room 000, 0xx Xxxxx, Xxxxxxx Bay International Trade & Exhibition Centre, 0 Xxxxxxxxx Xxxxx, Xxxxxxx Xxx, Xxxxxxx, Xxxx Xxxx on Thursday, 19 May 2016 at 3:00 p.m. is set out on pages 11 to 14 of this document. A form of proxy for the said meeting is enclosed with this document. Whether or not you intend to be present at the said meeting, you are requested to complete the form of proxy and return it to the principal place of business of the Company at Xxxx 0, 0xx Xxxxx, Xxxxxxxxxx Xxxxx, Xxxxxxxxx Plaza, Xx. 0 Xxxxxxx Xxxxxx Xxxx, Xxxxxxx, Xxxx Xxxx in accordance with the instructions printed thereon not less than 48 hours before the time fixed for the annual general meeting or any adjournment thereof (as the case may be). The completion and return of a form of proxy will not preclude you from attending and voting at the said meeting in person. DEFINITIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
GENERAL MANDATES TO ISSUE AND REPURCHASE SHARES. A letter from the board of directors of the Company is set out on pages 3 to 7 of this document. A notice convening the annual general meeting (the “AGM”) of the shareholders of the Company to be held at Island Ballroom C, Level 5, Island Shangri-La, Pacific Place, Supreme Court Road, Admiralty, Hong Kong on Tuesday, 15 June 2010 at 10:00 a.m. is set out on pages 11 to 14 of this document. A form of proxy for the AGM is enclosed with this document. Whether or not you intend to be present at the AGM, you are requested to complete the form of proxy and return it to the principal place of business of the Company at Xxxxxx 0000-00, 00/X., Xxxxxxx Xxxxx, 0 Xxxxxxxxx Xxxxx, Xxxxxxx, Xxxx Xxxx in accordance with the instructions printed thereon not less than 48 hours before the time fixed for the AGM. The completion and return of a form of proxy will not preclude you from attending and voting at the AGM in person. This document includes particulars given in compliance with the Rules Governing the Listing of Securities on the Stock Exchange for the purpose of giving information with regard to the Company. The directors of the Company collectively and individually accept full responsibility for the accuracy of the information contained in this document and confirm, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts the omission of which would make any statement herein misleading. * for identification purpose only 7 April 2010
