Notification of Dilution of Voting Rights

RNS Number : 6557G
Hutchison China Meditech Limited
27 November 2020
 

Notification of Dilution of Voting Rights

 

London: Friday, November 27, 2020:   Hutchison China MediTech Limited (" Chi-Med ") (Nasdaq/AIM: HCM) was notified that CK Hutchison Holdings Limited (" CK Hutchison ") shareholding[1] in Chi-Med remains unchanged, at 332,478,770 ordinary shares of par value US$0.10 each in the capital of Chi-Med ("Shares"). 

 

Each American Depositary Share ("ADS") represents five Shares.  As announced on November 17, 2020, Chi-Med issued a total of 16,666,670 Shares (equivalent to 3,333,334 ADSs) to Canada Pension Plan Investment Board.  Chi-Med was notified on November 26 , 2020 that this issuance diluted CK Hutchison's holding[1] to 45.69 per cent of the total number of voting rights of Chi-Med.  The date on which the notification threshold was crossed was November 26, 2020.

 

[1] Held through CK Hutchison's indirect wholly-owned subsidiary Hutchison Healthcare Holdings Limited.

 

 

About Chi-Med

 

Chi-Med (Nasdaq/AIM: HCM) is an innovative, commercial-stage, biopharmaceutical company committed, over the past twenty years, to the discovery and global development of targeted therapies and immunotherapies for the treatment of cancer and immunological diseases.  It has a portfolio of nine cancer drug candidates currently in clinical studies around the world and extensive commercial infrastructure in its home market of China. For more information, please visit: www.chi-med.com .

 

CONTACTS

 

Investor Enquiries


Mark Lee, Senior Vice President

+852   2121   8200

Annie Cheng, Vice President

+1   (973)   567   3786



Media Enquiries


Americas - Brad Miles, Solebury Trout

+1   (917)   570   7340   (Mobile) 
bmiles@troutgroup.com

Europe - Ben Atwell / Alex Shaw, FTI Consulting

+44   20   3727   1030 / +44   7771   913   902   (Mobile) / +44 7779 545 055 (Mobile)
Chi-Med@fticonsulting.com

Asia - Joseph Chi Lo / Zhou Yi, Brunswick

+852   9850   5033 (Mobile), jlo@brunswickgroup.com / +852   97 83 6894 (Mobile), y zhou@brunswickgroup.com



Nominated Advisor


Freddy Crossley / Atholl Tweedie, Panmure Gordon (UK) Limited

+44   (20)   7886   2500

 

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