20-12-14 - Louis XIII Successfully Raised Approximately HK$1,638 million from International Institutional Market

Hong Kong, 20 December 2014 (Saturday) – Louis XIII Holdings Limited (“the Company” or “Louis XIII”; stock code 0577.HK) today announced that the Company successfully raised approximately HK$1,638 million from the placing of new shares and convertible bonds (the “Placing”).

Shareholders supported the Placing and over 96% of shareholders voted in favour at the Special General Meeting held on 19 December 2014.

The Placing received positive response from institutional investors. Approximately 294 million shares at HK$3.00/share and HK$755 million of convertible bonds at face value have been allocated by CLSA to existing and new institutional investors. The placing price of HK$3.00/share represents a discount of approximately 7.1% to the closing price of HK$3.23/share on 18 December 2014.

Mr. Stephen Hung, Joint Chairman of Louis XIII, said, “I am pleased with the overwhelming support of our shareholders at the Special General Meeting approving this transaction. Thanks to the good work of our placing Agent CLSA and U.S. Advisor Union Gaming, this placing received great interests from existing and new investors who will further broadened our institutional investors base upon closing on 8 January, 2015. The proceeds from this placing will enable us to upgrade the design and ensure smooth delivery of our ultra luxury hotel project. ”