Asian Citrus Holdings Ltd Dividend Declaration (6789T)
22 November 2013 - 7:30PM
UK Regulatory
TIDMACHL
RNS Number : 6789T
Asian Citrus Holdings Ltd
22 November 2013
For immediate release 22 November 2013
Asian Citrus Holdings Limited
("Asian Citrus" or "the Group")
Dividend Payment and Scrip Dividend Offer
Asian Citrus announces the foreign exchange rate for its 2012/13
final dividend payment and the share dividend price for its scrip
dividend offer.
Cash Dividend
On 27 September 2013, Asian Citrus declared a final dividend of
RMB0.05 per share for the year ended 30 June 2013.
Dividend payments will be converted to GBP or HK$ at a rate of
9.7975 or 0.7860, the relevant spot rates sourced from the Hong
Kong Association of Banks on 19 November 2013. Shareholders that
were holding shares on the Jersey register and Hong Kong branch
register at the close of business on 15 November 2013 should expect
to receive a cash dividend of approximately GBP0.005103 or
HK$0.06361 per ordinary share payable on or before 31 December
2013.
Scrip Dividend
On 22 November 2013, Asian Citrus wrote to shareholders offering
them a scrip dividend alternative to the final cash dividend for
the year ended 30 June 2013. The offer price for the new shares to
be issued under the Scrip Dividend Scheme is HK$2.7400
(GBP0.2198).
HK$2.74 is the average closing price of the shares of the
Company for the five trading days starting from, and including,13
November 2013 on The Stock Exchange of Hong Kong Limited.
To receive one new ordinary share under this offer, a
shareholder must have held 44 or more ordinary shares at the close
of business on 15 November 2013. 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 13 December 2013. New
ordinary shares to be issued under this offer will be issued
pursuant to the specific five year mandate relating to financial
periods ended on or prior to 30 June 2013 granted by the
shareholders in the 2008 annual general meeting.
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
Tony Tong / Tommy Tong, Executive
Director +852 2559 0323
Cantor Fitzgerald Europe (NOMAD and
Joint Broker)
Rick Thompson / David Foreman (Corporate
Finance) +44 (0) 20 7894 7000
Richard Redmayne (Corporate 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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