BOQI ENV (02377) announced that as of 4:30 PM on the date of this announcement, the company has received more than the minimum number of acceptances according to the offer...
According to Smart Financial APP, BOQI ENV (02377) announced that as of 4:30 PM on the date of this announcement, the company has received valid acceptance of a total of 0.22238 billion shares, which exceeds the minimum number (i.e., 0.1006 billion shares), accounting for approximately 22.11% of the company's total issued share capital as of the date of this announcement.
Acceptance of the offer becomes unconditional.
As disclosed in the offer document, the offer must become effective only after all the following conditions have been met by the final deadline or before:
(a) valid acceptances of the minimum number (i.e., 0.101 billion shares) must be received by 4:00 PM on the first deadline (Hong Kong time) (and not withdrawn where permitted), but the company must repurchase the maximum number of shares submitted by shareholders (i.e., 0.151 billion shares);
(b) Independent shareholders attending the special general meeting in person or by proxy must vote on the offer and obtain more than 50% of the votes in favor;
(c) Independent shareholders attending the special general meeting in person or by proxy must vote on the clean waiver and obtain at least 75% of the votes in favor; and
(d) The executing personnel granted the cleaning exemption and fulfilled any conditions attached to the cleaning exemption, and the cleaning exemption has not been revoked or withdrawn.
Therefore, as of the date of this announcement, condition (a) has been met, and the offer has become unconditional in terms of acceptance as of this announcement date. Shareholders are advised that as of the date of this announcement, conditions (b), (c), and (d) have not yet been met.
According to Rule 15.3 of the Takeover Code, if the offer becomes or is declared unconditional (whether in respect of acceptance or in all respects), the offer will remain open for acceptance for at least 14 days thereafter, but the offer will remain open for acceptance for at least 21 days after the date of the dispatch of the offer document. Therefore, the offer will remain open for acceptance until 4:00 PM on the final acceptance deadline (i.e., January 3, 2025). All other terms of the offer set out in the offer document and acceptance form remain unchanged.