REG - UBS AG London Branch Ming Yang Smart Engy - Pre-Stabilisation Notice

Golden Century International HoldingsAnnouncement

08/07/2022 08:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220708:nRSH7757Ra&default-theme=true

RNS Number : 7757R  UBS AG London Branch  08 July 2022

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH
AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS
ANNOUNCEMENT.

 

MING YANG SMART ENERGY GROUP LIMITED

Pre-Stabilisation Notice

 
8 July 2022

UBS AG London Branch (contact: Francois-Olivier Mercier, Syndicate Desk,
telephone: +44 207 567 8000) hereby gives notice that the entity undertaking
stabilisation (the "Stabilising Manager" named below and its affiliates) may
stabilise the offer of the following securities in accordance with Commission
Delegated Regulation (EU) 2016/1052 of 8 March 2016 supplementing Regulation
(EU) No 596/2014 as such legislation forms part of retained EU law by virtue
of the European Union (Withdrawal) Act 2018. Stabilisation transactions aim at
supporting the market price of the Securities during the Stabilisation Period.
Stabilisation may not necessarily occur and it may cease at any time.

 The securities:
 Issuer:                                                                    MING YANG SMART ENERGY GROUP LIMITED
 Securities:                                                                Global depositary receipts (the "GDRs") each representing 5 A shares of the
                                                                            Company
 ISIN:                                                                      US6034912005 (RegS GDRs)
 Offering size:                                                             31,280,500 GDRs (excluding the over-allotment option)
 Market:                                                                    London Stock Exchange plc, Shanghai-London Stock Connect segment
 Ticker:                                                                    MYSE
 Description                                                                Initial Public Offering of GDRs
 Offer Price:                                                               USD 21.00 per GDR
 Stabilisation:
 Stabilisation Manager (and central point within the meaning of Commission  UBS AG London Branch, 5 Broadgate, London EC2M 2QS
 Delegated Regulation (EU) 2016/1052):

                                                                            Contact: Francois-Olivier Mercier, Syndicate Desk, telephone: +44 207 567 8000
 Beginning of the Stabilisation Period:                                     8 July 2022
 Stabilisation Period to end no later than:                                 5 August 2022
 Trading venue where stabilisation may be undertaken:                       London Stock Exchange plc, over-the-counter (OTC) and other order book venues
                                                                            e.g. Turquoise, BATS and Chi-X
 Maximum size of Over-allotment Option:                                     2,380,000 GDRs
 Over-allotment & Greenshoe Option:
 Terms:                                                                     In connection with the offer of GDRs (the "Offer"), the Stabilising Manager,
                                                                            or any of its agents, may (but will be under no obligation to), to the extent
                                                                            permitted by applicable law, over-allot GDRs or effect other transactions with
                                                                            a view to supporting the market price of the GDRs at a level higher than that
                                                                            which might otherwise prevail in the open market. However, there is no
                                                                            assurance that the Stabilising Manager (or persons acting on its behalf) will
                                                                            undertake stabilisation action and there will be no obligation on the
                                                                            Stabilising Manager or any of its agents to effect stabilising transactions.
                                                                            In particular, the Stabilising Manager's ability to undertake stabilisation
                                                                            action depends on it being able to agree deferred settlement arrangements with
                                                                            one or more investors in order to allow it to over-allot GDRs. Any
                                                                            stabilisation action may begin on the date of adequate public disclosure of
                                                                            the final price of the GDRs and, if begun, may be ended at any time but must
                                                                            end no later than 30 calendar days thereafter (the "Stabilisation Period").
                                                                            Any stabilisation action must be undertaken in accordance with applicable laws
                                                                            and regulations. Such stabilisation, if commenced, may be discontinued at any
                                                                            time without prior notice. Save as required by law or regulation, the
                                                                            Stabilising Manager does not intend to disclose the extent of any
                                                                            over-allotments made and/or stabilisation transactions concluded in relation
                                                                            to the Offer.

                                                                            In connection with the Offer, the Stabilising Manager may, for stabilisation
                                                                            purposes and subject to the deferred settlement arrangements described above,
                                                                            over-allot up to 2,380,000 GDRs. For the purposes of allowing it to cover
                                                                            short positions resulting from any such over-allotments and/or from sales of
                                                                            GDRs effected by it during the Stabilisation Period, the Stabilising Manager
                                                                            will enter into over-allotment arrangements pursuant to which the Stabilising
                                                                            Manager may purchase or procure purchasers for up to 2,380,000 additional GDRs
                                                                            (the "Over-allotment GDRs") at the Offer price. The over-allotment
                                                                            arrangements will be exercisable in whole or in part, upon notice by the
                                                                            Stabilising Manager, at any time on or before the 30(th) calendar day after
                                                                            the date of announcement of the Offer Price on the London Stock Exchange. Any
                                                                            Over-allotment GDRs made available pursuant to the over-allotment
                                                                            arrangements, including for all dividends and other distributions declared,
                                                                            made or paid on the GDRs, will be purchased on the same terms and conditions
                                                                            as the GDRs being issued or sold in the Offer and will form a single class for
                                                                            all purposes with the other GDRs.
 Number of GDRs covered by Over-allotment Option:                           2,380,000 GDRs
 Duration:                                                                  The Over-allotment Option may be executed at any time during the Stabilisation
                                                                            Period.

 

 

 

 

Disclaimer

 

The information contained in this announcement is for background purposes only
and does not purport to be full or complete nor does it constitute or form
part of any invitation or inducement to engage in investment activity, nor
does it constitute an offer or invitation to buy any securities in any
jurisdiction including the United States, or a recommendation in respect of
buying, holding or selling any securities. No reliance may be placed by any
person for any purpose on the information contained in this announcement or
its accuracy, fairness or completeness.

 

This announcement is not for publication or distribution, directly or
indirectly, in or into the United States (including its territories and
possessions, any State of the United States and the District of Columbia),
Australia, Canada, Japan or South Africa. This announcement does not
constitute or form a part of any offering or solicitation to purchase or
subscribe for, or otherwise invest in, securities in the United States,
Australia, Japan or South Africa. The GDRs referred to herein have not been,
and will not be, registered under the United States Securities Act of 1933
(the "Securities Act"). The GDRs are being offered and sold outside the United
States in "offshore transactions" within the meaning of Regulation S under the
Securities Act.

 

The GDRs may not be offered or sold in the United States except pursuant to an
exemption from or in a transaction not subject to the registration
requirements of the Securities Act. There will be no public offering of
securities in the United States.

 

This announcement is only addressed to and directed at specific addressees
who: (A) if in member states of the European Economic Area (the "EEA"), are
persons who are "qualified investors" within the meaning of Article 2(e) of
Regulation (EU) 2017/1129 (as amended) ("Qualified Investors"); and (B) if in
the United Kingdom, are "qualified investors" within the meaning of Article
2(e) of Regulation (EU) 2017/1129 (as amended) as it forms part of retained EU
law by virtue of the European Union (Withdrawal) Act 2018, and who are: (i)
persons having professional experience in matters relating to investments who
fall within the definition of "investment professionals" in Article 19(5) of
the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005
(the "Order"); or (ii) high net worth entities falling within Article 49(2)(a)
to (d) of the Order; or (C) are other persons to whom it may otherwise
lawfully be communicated (all such persons referred to in (B) and (C) being
referred to as "Relevant Persons"). This announcement must not be acted or
relied on (i) in the United Kingdom, by persons who are not Relevant Persons
and (ii) in any member state of the EEA by persons who are not Qualified
Investors. Any investment activity to which this announcement relates (i) in
the United Kingdom is available only to, and may be engaged in only with,
Relevant Persons; and (ii) in any member state of the EEA is available only
to, and may be engaged only with, Qualified Investors.

 

 

 

 

 

END

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  STAFIFEIDVITIIF