THE TAKEOVERS CODE AND MINIMUM PUBLIC HOLDING Sample Clauses

THE TAKEOVERS CODE AND MINIMUM PUBLIC HOLDING. If a Shareholder’s proportionate interest in the voting rights of the Company increases on the Company exercising its powers to repurchase securities pursuant to the Repurchase Mandate, such increase will be treated as an acquisition for the purposes of Rule 32 of the Takeovers Code. Accordingly, a Shareholder or group of Shareholders acting in concert (as defined in the Takeovers Code) could obtain or consolidate control of the Company and become obliged to make a mandatory offer in accordance with Rule 26 of the Takeovers Code. Save as aforesaid, the Directors are not aware of any such consequence which may arise under the Takeovers Code if the Repurchase Mandate is exercised. As at the Latest Practicable Date, according to the register of interests kept by the Company pursuant to section 336 of the SFO and so far as is known to, or can be ascertained after reasonable enquiry by the Directors, the following persons were directly or indirectly interested in 5% or more of the issued Shares: Approximate Approximate percentage of shareholding if the Repurchase Capacity Number of Shares held percentage of existing Mandate is exercised Name /Nature of interest (L) shareholding in full (Note 1) (Note 2) R5A BVI Beneficial owner 491,440,000 61.43% 68.25% (Note 3) Xx. Xxx Mo Kit Interest in controlled corporation and interest of spouse 523,680,000 (Note 3) 65.46% 72.73% Xx. Xx Xxx Wah Interest of spouse and beneficial interest 523,680,000 (Note 4) 65.46% 72.73% Xx. Xxxxx Xxx Xxx Beneficial owner 57,120,000 7.14% 7.93% Notes:
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