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.
THE HONGKONG AND SHANGHAI HOTELS, LIMITED
(Incorporated in Hong Kong with limited liability)
(Stock Code: 00045)
Voluntary Announcement
Completion of the Increase in Shareholding in the Company by Substantial Shareholders and Non-Executive Directors
This announcement is made by The Hongkong and Shanghai Hotels, Limited (the "Company") on a voluntary basis.
Reference is made to the announcement of the Company dated 14 January 2022 (the "Announcement") regarding the increase in shareholding in the Company by Substantial Shareholders and Non-Executive Directors. Unless otherwise defined, all terms used herein are as defined in the Announcement.
The Company has been notified by Sir Elly Kadoorie & Sons Limited, on behalf of The Hon. Sir Michael Kadoorie, and Mr Philip Kadoorie (including his associates) and certain trust structures/entities established for the benefit of the members of the Kadoorie family ("Purchasers") that the Conditional SPA entered into on 13 January 2022 with Solis Capital Limited ("Seller") and its parent company, Seekers Partners Limited ("Seekers") has become unconditional.
The Company has been further notified that the Executive Director of the Corporate Finance Division of Securities and Futures Commission has granted a waiver of the obligation of the Purchasers to make a mandatory general offer for the Shares arising from the transaction. Completion of the Conditional SPA took place on 11 February 2022.
Following completion of the Conditional SPA and as at the date of this announcement, the Kadoorie family (including interests associated with the family but excluding interests held by charities associated with the family) has a combined shareholding of 1,194,658,489 Shares, representing 72.43% of the total number of Shares in issue. The Seller ceased to have any Shares. The interests in Shares of the Purchasers, the Non-Executive Directors and the controlled corporation of the Seller as at Completion are disclosed in the appendix of the Announcement.
From publicly available information and within the knowledge of the Directors, the Company has maintained the required 25% public float after the Completion.
By order of the Board
Christobelle Liao
Company Secretary
Hong Kong, 11 February 2022
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As at the date of this announcement, the Board of Directors of the Company comprises the following Directors:
Non-Executive Chairman
The Hon. Sir Michael Kadoorie
Non-Executive Deputy Chairman | Non-Executive Directors |
Andrew Clifford Winawer Brandler | William Elkin Mocatta |
John Andrew Harry Leigh | |
Nicholas Timothy James Colfer | |
Executive Directors | James Lindsay Lewis |
Managing Director and Chief Executive Officer | Philip Lawrence Kadoorie |
Clement King Man Kwok | Independent Non-Executive Directors |
Dr the Hon. Sir David Kwok Po Li | |
Chief Operating Officer | Patrick Blackwell Paul |
Peter Camille Borer | Pierre Roger Boppe |
Dr William Kwok Lun Fung | |
Dr Rosanna Yick Ming Wong | |
Chief Financial Officer | Dr Kim Lesley Winser |
Christopher Shih Ming Ip | Ada Koon Hang Tse |
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The Hongkong and Shanghai Hotels Ltd. published this content on 11 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 February 2022 10:17:03 UTC.