Asian Citrus Holdings Ltd Dividend Payment and Scrip Dividend Offer (4223R)
19 November 2012 - 7:30PM
UK Regulatory
TIDMACHL
RNS Number : 4223R
Asian Citrus Holdings Ltd
19 November 2012
For immediate release 19 November 2012
Asian Citrus Holdings Limited
("Asian Citrus" or "the Group")
Dividend Payment and Scrip Dividend Offer
Asian Citrus announces the foreign exchange rate for its 2011/12
final dividend payment and the share dividend price for its scrip
dividend offer.
Cash Dividend
On 21 September 2012, Asian Citrus declared a final dividend of
RMB0.13 per share for the year ended 30 June 2012.
Dividend payments will be converted to GBP or HK$ at a rate of
9.8704 or 0.8039, the relevant spot rates sourced from the Hong
Kong Association of Banks on 13 November 2012. Shareholders that
were holding shares on the Jersey register and Hong Kong branch
register at the close of business on 9 November 2012 should expect
to receive a cash dividend of approximately GBP0.01317 or HK$0.1617
per ordinary share and it will be paid on or before 31 December
2012.
Scrip Dividend
On 19 November 2012, Asian Citrus wrote to shareholders offering
them a scrip dividend alternative to the final cash dividend for
the year ended 30 June 2012. The offer price for the new shares to
be issued under the Scrip Dividend Scheme is HK$3.774
(GBP0.3074).
HK$3.774 is the average closing price of the shares of the
Company for the five trading days starting from, and including,7
November 2012 on The Stock Exchange of Hong Kong Limited.
To receive one new ordinary share under this offer, a
shareholder must have held 24 or more ordinary shares as the close
of business on 9 November 2012. If insufficient ordinary shares
were held and the cash value of the dividend is less than the price
of the scrip dividend, shareholders will not be eligible to receive
the scrip dividend on this occasion.
The scrip dividend offer will close on 10 December 2012.
A circular explaining the proposed cash dividend and the scrip
dividend further has today been posted to shareholders and will
shortly be available on the Company's website
(www.asian-citrus.com).
For further enquires:
Asian Citrus
Eric Sung, Finance Director +852 2559 0323
Seymour Pierce Limited
Jonathan Wright, Tom Sheldon (NOMAD) +44 (0) 20 7107 8000
Richard Redmayne, Jacqui Briscoe
(Broking) (Broking)
Liberum Capital Limited (Joint Broker)
Clayton Bush, Richard Bootle +44 (0) 20 3100 2222
Weber Shandwick Financial +44 (0) 020 7067 0700
Nick Oborne, Stephanie Badjonat,
John Moriarty
This information is provided by RNS
The company news service from the London Stock Exchange
END
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