Hutchison Whampoa Group and Hutchison Telecom International Announced Despatch of Proposed Privatisation Scheme Document
By Hutchison Whampoa Limited Hutchison Telecommunications International Limited, PRNESaturday, March 13, 2010
HONG KONG, March 14, 2010 - Hutchison Whampoa Limited ("HWL") and Hutchison Telecommunications
International Limited ("HTIL") today jointly announced that in relation to
the proposed privatisation of HTIL, the scheme document is expected to be
despatched on or about 15 March 2010 to HTIL shareholders, HTIL ADS holders
and HTIL optionholders.
The scheme document contains complete details of the proposed
privatisation including the recommendations from HTIL's independent board
committee and independent financial adviser as well as the expected
timetable, the key dates of which are:
Court meeting and Extraordinary General Meeting 12 May 2010 Record date for scheme entitlements 24 May 2010 Delisting* - The Stock Exchange of Hong Kong 25 May 2010 - the New York Stock Exchange 4 June 2010 Payment*- for scheme shares 3 June 2010 - for ADSs 9 June 2010 *if the scheme becomes effective
The scheme document and related announcements have been posted on the
websites of HWL and HTIL at www.hutchison-whampoa.com and
www.htil.com. HTIL shareholders and HTIL ADS holders should read
the scheme document carefully before casting any vote at (or providing
any voting instructions or proxy in respect of) the Court Meeting or the
Extraordinary General Meeting.
For media enquiries, please contact: Hans Leung Ada Yeung Hutchison Whampoa Hutchison Telecom International Tel: +852-2128-1363 Tel: +852-2128-3106 Fax: +852-2128-1766 Fax: +852-2187-2087 Email: hansl@hwl.com.hk Email: adayeung@htil.com.hk
Cautionary Statements
This press release contains forward-looking statements. Statements that
are not historical facts, including statements about the beliefs and
expectations of HWL and HTIL, are forward-looking statements. These
statements are based on current plans, estimates and projections, and
therefore you should not place undue reliance on them. Forward-looking
statements speak only as of the date they are made, and each of HWL and HTIL
undertakes no obligation to update publicly any of them in light of new
information or future events. Forward-looking statements involve inherent
risks, uncertainties and assumptions. Each of HWL and HTIL cautions you that
if these risks or uncertainties ever materialise or the assumptions prove
incorrect, or if a number of important factors occur or do not occur, actual
results may differ materially from those expressed or implied in any
forward-looking statement. Additional information as to factors that may
cause actual results to differ materially from each of HWL and HTIL's
forward-looking statements can be found in each of HWL and HTIL's filings
with the US Securities and Exchange Commission.
This press release appears for information purposes only and does not
constitute an invitation or offer to acquire, purchase or subscribe for
securities of the Offeror, HWL or HTIL nor is it a solicitation of any vote
or approval in any jurisdiction. This press release also does not constitute
any solicitation or recommendation under rules and regulations of the US
Securities and Exchange Commission.
Hans Leung of Hutchison Whampoa, +852-2128-1363, Fax, +852-2128-1766, hansl at hwl.com.hk; or Ada Yeung of Hutchison Telecom International, +852-2128-3106, Fax, +852-2187-2087, adayeung at htil.com.hk
Tags: Asia, Hong Kong, Hutchison Whampoa Limited; Hutchison Telecommunications International Limited, March 14, United Kingdom