Apr 24, 2017 - i-CABLE Communications Limited â Announcement ... namely, Mr. Herman S. M. Hu, Mr. Roger K. H. Luk, Mr.
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i-CABLE COMMUNICATIONS LIMITED (Incorporated in Hong Kong with limited liability) (Stock Code: 1097) (the “Company”)
CLARIFICATION ANNOUNCEMENT Reference is made to the announcement dated 20 April 2017 (the “Announcement”) issued by the Company regarding, among others, the proposed open offer of the Company (“Open Offer”). Capitalised terms used in this announcement shall have the same meanings as defined in the Announcement. The board of Directors would wish to clarify that the following information in the Announcement. 1.
The phrase “any fractions of Offer Shares” was translated to “碎股” on page 7 of the Chinese version of the Announcement. The Directors clarify that the phrase “any fractions of Offer Shares”, in the context of the Open Offer, refers to those fractional entitlements “零碎股份”, which, individually, is a fraction of one Offer Share, rather than a fraction of a board lot of Shares.
2.
The phrase “odd lot(s)” was translated to “零碎股份” on pages 21 and 30 of the Chinese version of the Announcement. The Directors clarify that the Chinese translation of the phrase “odd lot(s)”should be “碎股”, a fraction of a board lot of Shares.
3.
In the definition section of the Announcement, FTV was stated as a wholly owned subsidiary of the Company. The Directors clarify that, as at the date of the Announcement and as at the date of this announcement, the Company holds 14.9% of the voting rights in FTV and it is not a wholly owned subsidiary of the Company. FTV is a consolidated structured entity of the Group.
Furthermore, subsequent to the publication of the Announcement, Wharf, being the current controlling shareholder of the Company, has informed the Company that Wharf intends to dispose of its entire shareholding interest in the Company (by way of Further Distribution in Specie of its entire Loan Capitalization Shares, or through other means Wharf considers appropriate) in order to exit the Communications, Media and Entertainment sector as soon as practicable. By Order of the Board i-CABLE COMMUNICATIONS LIMITED Kevin C. Y. Hui Company Secretary Hong Kong, 24 April 2017 As at the date of this announcement, the board of Directors of the Company comprise Mr. Stephen T. H. Ng, Mr. William J. H. Kwan and Mr. Paul Y. C. Tsui, together with four Independent Non-executive Directors, namely, Mr. Herman S. M. Hu, Mr. Roger K. H. Luk, Mr. Sherman S. M. Tang and Mr. Patrick Y. W. Wu. This announcement is made by order of the board of Directors. All Directors of the Company jointly and severally accept full responsibility for the accuracy of information contained in this announcement and confirm, having made all reasonable inquiries, that to the best of their knowledge, opinions expressed in the announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any statement in this announcement misleading. -1i-CABLE Communications Limited – Announcement (24 April 2017)
