SUBDIVISION OF SHARES
| The Company announced that an ordinary resolution on subdivision of shares was duly passed at the Special General Meeting held on 12 October 1999 and the Listing Committee of The Stock Exchange of Hong Kong Limited has granted the listing of and permission to deal in the Subdivided Shares. The timetable for trading arrangements mentioned below is the same as that mentioned in the circular to shareholders dated 20 September 1999. |
Further to the announcement dated 18 August 1999 and the circular dated 20 September 1999 (the "Circular") issued by Li & Fung Limited (the "Company") in relation to the proposed subdivision ("Subdivision") of each of the existing issued and unissued shares of HK$0.10 each (the "Share") in the share capital of the Company into two shares of HK$0.05 each ("Subdivided Shares"), the board of directors of the Company is pleased to announce that at the Special General Meeting of the Company held on 12 October 1999, an ordinary resolution approving the Subdivision was duly passed. The Listing Committee of The Stock Exchange of Hong Kong Limited has granted the listing of and permission to deal in the Subdivided Shares. The timetable for trading arrangements in respect of the Subdivision mentioned below is same as that mentioned in the Circular to shareholders:-
1999
Effective date of Subdivision.......................Wednesday, 13 October
Original counter for trading in board 10:00 a.m. on
lots of 2,000 Shares closes.......................Wednesday, 13 October
Temporary counter for trading in board lots
of 4,000 Subdivided Shares opens 10:00 a.m. on
(in the form of existing share certificates)......Wednesday, 13 October
First day for free exchange of existing
share certificates for new share
certificates for the Subdivided Shares............Wednesday, 13 October
Original counter for trading in the
Subdivided Shares in board lots of 2,000
Subdivided Shares opens (in the form of 10:00 a.m. on
new share certificates)............................Thursday, 28 October
Parallel trading in Subdivided Shares
(in the form of new share certificates
for Subdivided Shares and existing 10:00 a.m. on
share certificates) begins.........................Thursday, 28 October
Temporary counter for trading in board
lots of 4,000 Subdivided Shares
(in the form of existing share 4:00 p.m. on
certificates) closes..............................Thursday, 18 November
Parallel trading in Subdivided Shares
(in the form of new share certificates
for Subdivided Shares and existing 4:00 p.m. on
share certificates) ends..........................Thursday, 18 November
Last day for free exchange of existing
share certificates for new share
certificates for the Subdivided Shares.............Tuesday, 23 November
Existing share certificates will continue to be good evidence of legal title and may be lodged in person with Abacus Share Registrars Limited ("Registrars") at 2401 Prince's Building, Central, Hong Kong during business hours from 9:00 a.m. to 4:00 p.m. in exchange for new share certificates for the Subdivided Shares at any time. Shareholders should note that unless the relevant existing share certificates are lodged with the Registrars by 4:00 p.m. on 23 November 1999, a charge will be made on the issue of each new share certificate for the Subdivided Shares. New shares certificates for the Subdivided Shares will be issued in the colour of pink to distinguish from the existing share certificates for the Shares which are green in colour.
By order of the Board
Terry Wan Mei Chow
Company Secretary
Hong Kong, 12 October 1999
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