TIDMCTI

RNS Number : 2353N

Cathay International Holdings Ld

18 May 2020

The information contained within this announcement is considered by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No.596/2014. Upon the publication of this announcement via a Regulatory Information Service, this inside information will be considered to be in the public domain.

Cathay International Holdings Limited

("Cathay" or the "Company")

Director/PDMR Shareholding

Hong Kong, 18 May 2020 - Cathay International Holdings Limited (LSE: CTI.L), an operator and investor in the growing healthcare sector in the People ' s Republic of China announces, as required by Article 19 Of Regulation (EU) No. 596/2014 on market abuse, that Mr. Wu Zhen Tao participated in the Open Offer through Circle Finance Limited and Mega Worldwide Services Limited, in respect of an aggregate of 1,148,784,403 Open Offer Shares and 2,916,256,247 Convertible Instruments .

 
 Director               Number         % of Common      Open Offer            Number     % of Common       Convertible 
                     of Common         Share prior          Shares         of Common          Shares       Instruments 
                        Shares              to the                            shares       following    held following 
                    held prior          Open Offer                    held following        the Open          the Open 
                        to the    and Subscription                          the Open       Offer and         Offer and 
                    Open Offer                                             Offer and    Subscription      Subscription 
              and Subscription                                          Subscription 
 Wu Zhen           225,156,434                                         1,373,940,837 
  Tao                      (1)               59.5%   1,148,784,403               (1)          71.79%     2,916,256,247 
            ------------------  ------------------  --------------  ----------------  --------------  ---------------- 
 
   (1)   held through Circle Finance Limited and Mega Worldwide Services Limited. 

The notification below provides further detail.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 DMR DEALING NOTIFICATION TEMPLATE 
 Notification and public disclosure of transactions by persons 
  discharging managerial responsibilities and persons closely 
  associated with them 
 1      Details of the person discharging managerial responsibilities/person 
         closely associated 
       ----------------------------------------------------------------------------- 
 a)     Name                                 Wu Zhen Tao 
       ----------------------------------  ----------------------------------------- 
 2      Reason for the notification 
       ----------------------------------------------------------------------------- 
 a)     Position/status                     Non-Executive Chairman 
       ----------------------------------  ----------------------------------------- 
 b)     Initial notification                Initial notification 
         /Amendment 
       ----------------------------------  ----------------------------------------- 
 3      Details of the issuer, emission allowance market participant, 
         auction platform, auctioneer or auction monitor 
       ----------------------------------------------------------------------------- 
 a)     Name                                Cathay International Holdings Limited 
       ----------------------------------  ----------------------------------------- 
 b)     Legal Entity                        2138008QE2WNVHSYYO80 
         Identifier 
       ----------------------------------  ----------------------------------------- 
 4      Details of the transaction(s): section to be repeated for 
         (i) each type of instrument; (ii) each type of transaction; 
         (iii) each date; and (iv) each place where transactions have 
         been conducted 
       ----------------------------------------------------------------------------- 
 a)     Description                         USD 0.01 per Common Share 
         of the financial 
         instrument, 
         type of instrument 
       ----------------------------------  ----------------------------------------- 
        Identification                      LSE:CTI 
         code 
       ----------------------------------  ----------------------------------------- 
 b)     Nature of the                       Purchase of New Ordinary Shares 
         transaction 
       ----------------------------------  ----------------------------------------- 
 c)     Price(s) and                        Price(s)           Volume(s) 
         volume(s) 
       ----------------------------------  -----------------  ---------------------- 
   1.5 pence                                                    1,148,784,403 
  ----------------------------------------------------------  ---------------------- 
 d)     Aggregated 
         information 
       ----------------------------------------------------- 
  - Aggregated 
   volume 
 ----------------------------------------------------- 
  - Price                             Not applicable - single transaction 
 ----------------------------------  ----------------------------------------------- 
 e)     Date of the                         18 May 2020 
         transaction 
       ----------------------------------  ----------------------------------------- 
 f)     Place of the 
         transaction                          London Stock Exchange 
       ----------------------------------  ----------------------------------------- 
 

- ENDS -

For further enquiries, please contact:

 
 Cathay International Holdings Limited 
  Eric Siu (Finance Director)                Tel: +852 2828 9289 
  Patrick Sung (Director and Controller) 
 

About Cathay

Cathay International Holdings Limited (LSE: CTI.L) is a main market listed investment holding company and an operator and investor in the healthcare sector in the People's Republic of China (the "PRC"). The Company and its subsidiaries (collectively the "Group") aim to leverage on investment opportunities in the growing domestic demand for high quality healthcare products in the PRC and build portfolio companies into market sector leaders with competitive edge. Cathay has already demonstrated a track record of identifying investment opportunities in this area including: Lansen, a leading specialty pharmaceutical company focused on rheumatology and dermatology in the PRC; Haizi, a company engaged in the manufacture, marketing and sale of inositol and its by-product, di-calcium phosphate; Natural Dailyhealth, a company engaged in production and sales of plant extracts for use as key active ingredients in healthcare products; and Botai, a company engaged in collagen products.

The Group employs approximately 1,300 people across the PRC, including over 20 specialist corporate and business development staff based at the holding company's offices in Hong Kong and Shenzhen. Cathay also has a hotel investment. For more information please visit the Company's website: www.cathay-intl.com.hk .

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 or visit www.rns.com.

END

DSHSFSFEAESSEDI

(END) Dow Jones Newswires

May 18, 2020 08:34 ET (12:34 GMT)

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