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. BIRMINGHAM INTERNATIONAL HOLDINGS LIMITED 伯明翰環球控股有限公司 (Incorporated in the Cayman Island with limited liability) (Stock Code: 2309) UPDATE ON RESUMPTION OF TRADING This announcement is made by the board of directors (the “Board”) of Birmingham International Holdings Limited (the “Company”, together with its subsidiaries, the “Group”), pursuant to Rule 13.24A of the Rules Governing the Listing of Securities on The Stock Exchange (the “Stock Exchange”) of Hong Kong Limited (the “Listing Rules”). Reference is made to the Company’s announcements dated 19 August 2013 and 21 October 2013 regarding updates on the resumption (the “Resumption”) of trading in the Company’s shares (the “Shares”). The Board wishes to further update the shareholders of the Company and potential investors on matters relating to the Resumption. The Company announces that the draft audited results for Birmingham City Football Club Plc (“BCFC”) for the year ended 30 June 2013 have been finalised and the consolidated results for Birmingham City Plc (the holding company of BCFC) for the year ended 30 June 2013 are being prepared. As announced on 28 October 2013, the Company expects to be able to announce the results of the Group for the year ended 30 June 2013 no later than 29 November 2013. Meanwhile, the despatch of the annual report of the Group for the year ended 30 June 2013 will be delayed to no later than 15 December 2013. The Company is in the late stages of discussions with third parties regarding possible fund raising exercises by way of debt and equity. Such is expected to address the Group’s liquidity issues. Furthermore, a restructuring of the Group’s debts is being considered. Given current negotiations and subject to agreement on the terms and conditions, it is contemplated that signing of the relevant documents will take place by 15 November 2013. As the financing transactions and debt restructuring transactions are expected to require independent shareholders’ approval, on the basis that signing of all documents will take place by 15 November 2013, a general meeting to approve all relevant transactions is expected to be held in early January 2014. On that basis, bearing unforeseen
Posted on: Tue, 05 Nov 2013 16:13:25 +0000
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