ZIJIN MINING GROUP COMPANY LIMITED Recently, Zijin Mining Group Co., Ltd.* (the "Company") has received the "Approval in respect of the Non-public Issuance of A Shares of Zijin Mining Group Co., Ltd.* in 2016" (Minguozi Yunying [2016] No.176) issued by the State-owned Assets Supervision and Administration Commission of Fujian Provincial People's Government (the "SASAC of Fujian Province"). Main details of such approval are as follows:
In principle, it is approved that the Company non-publicly issues A shares to not more than ten specific investors who meet the requirements of the laws and regulations. The number of A shares to be issued shall not exceed 1,584,158,415 shares (1,584,158,415 shares inclusive) (the "Non-public Issuance"). Specific number and price of the A shares to be issued, and the use of proceeds raised under the Non-public Issuance are subject to the final proposal as approved by the China Securities Regulatory Commission ("CSRC").
In principle, it is approved that Minxi Xinghang State-owned Assets Investment Company Limited ("Minxi Xinghang"), the controlling shareholder of the Company, and Phase 1 of the Employee Stock Ownership Scheme of the Company subscribe the A shares under the Non-public Issuance in cash, and they shall subscribe at the same price as other specific investors, which is determined by price inquiry process. Among which, the amount to be subscribed by Minxi Xinghang and Phase 1 of the Employee Stock Ownership Scheme of the Company are RMB900 million and RMB401.7 million respectively.
The implementation of the proposal on the Non-public Issuance of the Company is subject to consideration and approval at the shareholders' general meetings of the Company and the approval of the CSRC. The Company will, in strict accordance with the stipulations and requirements of the laws and regulations relevant to non-public issuance of A shares of listed companies, fulfill its information disclosure obligation based on the progress of the aforesaid matters in a timely manner.
This announcement is made on a voluntary basis.
Investors and shareholders are advised by the board of directors to exercise caution when dealing in the shares of the Company.Fujian, the PRC, 16 August 2016
*The Company's English name is for identification purpose only
Zijin Mining Group Company Ltd. published this content on 16 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 16 August 2016 10:35:04 UTC.
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