Air China Ld (AIRC) - Increase Shareholdings by Controlling Shareholder
RNS Number : 9620R
Air China Ld
26 November 2012
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)
ANNOUNCEMENT ON CONTINUED INCREASE
IN SHAREHOLDINGS OF THE
COMPANY BY CONTROLLING SHAREHOLDER
Reference is made to the announcement of Air China Limited (the "Company")
dated 22 December 2011 in relation to the increase in shareholdings of the
Company by its controlling shareholder (the "2011 Announcement"). As stated in
the 2011 Announcement, China National Aviation Holding Company ("CNAHC"), the
controlling shareholder of the Company, has increased its shareholdings in the
Company through acquiring A shares via the trading system of the Shanghai
Stock Exchange since 21 December 2011, and intended to continue to increase
its shareholdings in the Company by A shares, either in its own name or
through parties acting in concert with it, via the secondary market within 12
months from 21 December 2011 in an aggregated amount not exceeding 2% of the
total issued share capital of the Company (the "Share Acquisition Plan").
The Company received a notice from CNAHC that, pursuant to the Share
Acquisition Plan, CNAHC has increased its shareholdings in the Company in an
aggregated amount of 1% of the total issued share capital of the Company,
details of which are as follows:
1. From 21 December 2011 to 22 November 2012, CNAHC increased its
shareholdings in the Company by 129,713,364 A shares via the trading system of
the Shanghai Stock Exchange, representing 1.01% of the total issued share
capital of the Company (the "Increased Shareholding"). Accordingly, CNAHC
directly and indirectly held 6,764,648,530 shares of the Company, representing
approximately 52.47% of the total issued share capital of the Company.
2. CNAHC intends to continue to increase its shareholding in the
Company, either in its own name or through parties acting in concert with it,
via the secondary market within 12 months from 21 December 2011 in an
aggregated amount not exceeding 2% of the total issued share capital of the
Company (including the Increased Shareholding).
3. CNAHC undertakes that it will not sell any shares it held in the
Company during the period of the implementation of the Share Acquisition Plan
and within the statutory period.
The Company will continue to monitor the continued increase in shareholdings
of the Company by CNAHC under the Share Acquisition Plan and will make timely
announcement in accordance with the relevant rules and regulations.
By order of the Board
Air China Limited
Rao Xinyu Tam Shuit Mui
Joint Company Secretaries
Beijing, the PRC, 23 November 2012
As at the date of this announcement, the directors of the Company are Mr. Wang
Changshun, Ms. Wang Yinxiang, Mr. Cao Jianxiong, Mr. Sun Yude, Mr. Christopher
Dale Pratt, Mr. Ian Sai Cheung Shiu, Mr. Cai Jianjiang, Mr. Fan Cheng, Mr. Fu
Yang*, Mr. Li Shuang*, Mr. Han Fangming* and Mr. Yang Yuzhong*.
* Independent non-executive Director of the Company
This information is provided by RNS
The company news service from the London Stock Exchange
MSCUNRORUWAAURA -0- Nov/26/2012 08:00 GMT
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