CHINA OILFIELD SERVICES LIMITED 
By Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities.
(Incorporated in the People's Republic of China as a joint stock limited liability company)
(Stock Code: 2883) COMPLETION OF THE PLACING OF NEW H SHARES UNDER GENERAL MANDATE JOINT GLOBAL COORDINATORS, JOINT BOOKRUNNERS AND JOINT PLACING AGENTS
The Board is pleased to announce that all the conditions as set out in the Placing Agreement have been fulfilled and the Placing completed on 15 January 2014 in accordance with the terms and conditions of the Placing Agreement. An aggregate of 276,272,000 new H Shares, representing approximately 5.79% of the total number of issued Shares as enlarged by the allotment and issue of the Placing Shares, have been successfully allotted and issued by the Company on 15 January 2014 at the Placing Price of HK$21.30 to no fewer than six but no more than ten Placees, who and whose ultimate beneficial owners are third parties independent of the Company and its subsidiaries and are not connected persons of the Company. The gross and net proceeds raised from the Placing were approximately HK$5,884,593,600 and HK$5,819,392,302.91, respectively.
Reference is made to the announcement issued by the Company on 7 January 2014 regarding the signing of the Placing Agreement between the Company and the Placing Agents (the "Placing Announcement") and the Placing under the General Mandate contemplated under the Placing Agreement. Capitalised terms used herein shall have the same meaning as defined in the Placing Announcement.
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The Board is pleased to announce that all the conditions as set out in the Placing Agreement have been fulfilled and the Placing completed on 15 January 2014 in accordance with the terms and conditions of the Placing Agreement. An aggregate of 276,272,000 new H Shares, representing approximately
5.79% of the total number of issued Shares as enlarged by the allotment and issue of the Placing Shares, have been successfully allotted and issued by the Company on 15 January 2014 at the Placing Price of HK$21.30 to no fewer than six and no more than ten Placees, who and whose ultimate beneficial owners are third parties independent of the Company and its subsidiaries and are not connected persons of the Company. The gross and net proceeds raised from the Placing were approximately HK$5,884,593,600 and HK$5,819,392,302.91, respectively.
As a result of the Placing, the total number of issued Shares of the Company has increased from
4,495,320,000 Shares to 4,771,592,000 Shares. The total number of issued H Shares has increased from
1,534,852,000 H Shares to 1,811,124,000 H Shares. All of the 276,272,000 new H Shares have been fully placed pursuant to the terms and conditions set out in the Placing Agreements. Upon the Completion of the Placing, the share capital of the Company is as follows:
Percentage of | ||
Holder of the Shares | No. of Shares | issued share capital |
(%) | ||
Holders of A Shares | ||
China National Offshore Oil Corporation | 2,410,468,000 | 50.52 |
Other A Shareholders | 550,000,000 | 11.53 |
Holders of H Shares | 1,811,124,000 | 37.96 |
By Order of the Board
Company Secretary
15 January 2014
As at the date of this announcement, the executive directors of the Company are Messrs. Li Yong and Li Feilong; the non-executive directors of the Company are Messrs. Liu Jian (Chairman) and Zeng Quan; and the independent non-executive directors of the Company are Messrs. Tsui Yiu Wa, Fong Wo, Felix and Chen Quansheng.
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