Issue of Ord. Shares Pursuant to Scrip Dividend
December 21 2009 - 4:30AM
UK Regulatory
TIDMACHL
RNS Number : 4492E
Asian Citrus Holdings Ltd
21 December 2009
21 December 2009
Asian Citrus Holdings Limited
("Asian Citrus" or "the Company")
Issue of Ordinary Shares pursuant to Scrip Dividend
Asian Citrus announces the issue of 7,984,294 new ordinary shares of HK$0.01
each in the Company ("Ordinary Shares") pursuant to shareholder participation in
the Scrip Dividend announced on 15 September 2009.
The offer price for Ordinary Shares is 44.95 pence (equivalent to approximately
HK$5.62 for illustrative purpose*). The offer price is the average of the
closing share prices for the five preceding dealing days ended Tuesday 17
November 2009 and was calculated using the sterling/Chinese Yuan Renminbi with
reference to the Hong Kong Association of Banks on 13 November 2009.
Application will be made today to the London Stock Exchange and Stock Exchange
of Hong Kong Limited ("SEHK") for the Ordinary Shares, which will rank pari
passu with the existing Ordinary Shares in issue, to be admitted to trading on
AIM and Main Board of SEHK, and admission is expected to become effective on 31
December 2009.
* Based on the exchange rate of GBP1:HK$12.4975 with reference to the website of
the Hong Kong
Association of Banks.
For further information please contact:
Asian Citrus Holdings Limited
Tel: 852 2559 0323
Tony Tong, Chairman and Chief Executive Officer
Eric Sung, Finance Director
Weber Shandwick Financial
Tel: 020 7067 0700
Terry Garrett, Stephanie Badjonat, John Moriarty
This information is provided by RNS
The company news service from the London Stock Exchange
END
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