Air China Ld EXTENSION OF THE VALIDITY PERIOD OF RESOLUTION (8967Q)
05 December 2016 - 6:46PM
UK Regulatory
TIDMAIRC
RNS Number : 8967Q
Air China Ld
05 December 2016
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.
AIR CHINA LIMITED
(a joint stock limited company incorporated in the People's
Republic of China with limited liability)
(Stock Code:00753)
EXTENSION OF THE VALIDITY PERIOD OF THE RESOLUTION RELATING TO
THE NON-PUBLIC A SHARE ISSUE
AND
EXTENSION OF THE VALIDITY PERIOD OF THE AUTHORISATION GRANTED BY
SHAREHOLDERS' MEETING TO THE BOARD AND THE BOARD'S AUTHORISED
PERSON(S) TO HANDLE ALL RELEVANT MATTERS RELATING TO THE NON-PUBLIC
A SHARE ISSUE OVERSEAS REGULATORY ANNOUNCEMENT
This announcement is made pursuant to Rules 13.09(2)(a) and
13.10B of the Rules Governing the Listing of Securities on The
Stock Exchange of Hong Kong Limited (the "Listing Rules") and
Inside Information Provisions (as defined under the Listing Rules)
under Part XIVA of the Securities and Futures Ordinance (Cap. 571
of the Laws of Hong Kong).
References are made to (i) the circular of Air China Limited
(the "Company") dated 5 January 2016 in relation to, among other
things, the Non-public A Share Issue; (ii) the announcement of the
Company dated 26 January 2016 in relation to the poll results of
the extraordinary general meeting, the H shareholders' class
meeting and the A shareholders' class meeting held on 26 January
2016 (together, the "Previous Shareholders' Meetings"); (iii) the
announcement of the Company dated 22 July 2016 in relation to the
adjustments to the issue price and the number of shares to be
issued under the Non-public A Share Issue following the
implementation of the profit distribution proposal for the year
2015; and (iv) the announcement of the Company dated 1 November
2016 in relation to the formal approval of the CSRC on the
Non-public A Share Issue. Unless otherwise indicated, capitalised
terms used in this announcement shall have the same meanings as
those defined in the circular of the Company dated 5 January
2016.
The validity period of the resolution relating to the Non-public
A Share Issue (the "Validity Period of Resolution Relating to the
Non-public A Share Issue") and the validity period of the
authorisation granted to the Board and the Board's authorised
person(s) to handle all relevant matters relating to the Non-public
A Share Issue (the "Validity Period of Authorisation to the Board")
considered and approved at the Previous
Shareholders' Meetings will expire on 26 January 2017.
The Company received a formal approval from the CSRC on the
Non-public A Share Issue on 31 October 2016. In order to ensure the
smooth implementation of the Non-public A Share Issue, the board of
directors of the Company (the "Board") considered and approved that
the Validity Period of Resolution Relating to the Non-public A
Share Issue shall be extended until 30 April 2017 and the Validity
Period of Authorisation to the Board shall be extended for a
12-month period from the date of approval of relevant resolution at
the extraordinary general meeting (the "EGM") to be held on 20
January 2017. Save as disclosed in the announcement of the Company
dated 22 July 2016 in relation to the adjustments to the issue
price and the number of shares to be issued under the Non-public A
Share Issue, the extension of the Validity Period of Resolution
Relating to the Non-public A Share Issue and the Validity Period of
Authorisation to the Board, the other matters in relation to the
Non- public A Share Issue as approved by the Shareholders at the
Previous Shareholders' Meetings remain unchanged and in force.
A circular containing (i) the details of the extension of the
Validity Period of Resolution Relating to the Non-public A Share
Issue and the extension of the Validity Period of Authorisation to
the Board;
(ii) a letter from the independent financial advisor to the
Independent Board Committee and the Independent Shareholders
containing its advice on the extension of the Validity Period of
Resolution Relating to the Non-public A Share Issue; and (iii) the
recommendation of the Independent Board Committee to the
Independent Shareholders in respect of the extension of the
Validity Period of Resolution Relating to the Non-public A Share
Issue, will be despatched to Shareholders on or about 5 December
2016.
By order of the Board
Air China Limited
Rao Xinyu Tam Shuit Mui
Joint Company Secretaries
Beijing, the PRC, 2 December 2016
As at the date of this announcement, the directors of the
Company are Mr. Cai Jianjiang, Mr. Song Zhiyong, Mr. Cao Jianxiong,
Mr. Feng Gang, Mr. John Robert Slosar, Mr. Ian Sai Cheung Shiu, Mr.
Pan Xiaojiang*, Mr. Simon To Chi Keung*, Mr. Stanley Hui Hon-chung*
and Mr. Li Dajin*.
* Independent non-executive director of the Company
This information is provided by RNS
The company news service from the London Stock Exchange
END
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