TLS
06/11/2014 10:21
GENERAL
REL: 1021 HRS Telstra Corporation Limited
GENERAL: TLS: Autohome Inc. proposed primary and secondary ADS offering
MEDIA RELEASE
6 November 2014 - Autohome Inc. ("Autohome") (ATHM on the New York Stock
Exchange) yesterday filed a registration statement with the United States
Securities and Exchange Commission ("SEC") for a proposed sale of American
Depositary Shares ("ADSs") including by Autohome and Telstra (through a
Telstra wholly owned subsidiary).
Each ADS represents one Class A ordinary share of Autohome.
On completion of the sale, Telstra will continue to hold a controlling
shareholding in Autohome which is expected to be about 57 per cent*.
Telstra CFO Andrew Penn said Autohome remains an important part of Telstra's
Asia strategy.
"The proposed sale will be beneficial for Autohome as it will increase its
free float and provide capital to Autohome to pursue new growth initiatives,"
Mr Penn said.
*This percentage does not take into account: (a) the underwriters' option to
purchase additional shares; and (b) shares that Autohome has reserved but not
granted, or options that have been granted but not exercised, pursuant to
Autohome's employee equity compensation plans.
Media contact: Nicole McKechnie, +61 (0) 429 004617
Email: [email protected]
Ref number: 220/2014
Autohome's registration statement relating to these securities has been filed
with the United States Securities and Exchange Commission, but has not yet
become effective. These securities may not be sold nor may offers to buy be
accepted prior to the time the registration statement becomes effective. This
announcement does not constitute an offer to sell or a solicitation of an
offer to buy the securities nor may there be any sale of these securities in
any state or jurisdiction in which such an offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities laws
of any such state or jurisdiction. A form of the preliminary prospectus for
the offering, when available, may be obtained from Autohome.
This announcement contains statements that may constitute "forward-looking"
statements pursuant to the "safe harbor" provisions of the U.S. Private
Securities Litigation Reform Act of 1995. These forward-looking statements
can be identified by terminology such as "will", "expects", "anticipates",
"future", "intends", "plans", "believes", "estimates" and similar statements.
Statements that are not historical facts, including statements about
Telstra's beliefs and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and uncertainties. Such
forward-looking statements are based on numerous assumptions regarding the
present and future business strategies of Telstra. All information provided
in this announcement is as of the date of this announcement, and Telstra does
not undertake any obligation to update any forward-looking statement, except
as required under applicable law.
End CA:00257317 For:TLS Type:GENERAL Time:2014-11-06 10:21:05
