Exercise of Employee Share Options
August 11 2010 - 4:53AM
UK Regulatory
TIDMACHL
RNS Number : 8884Q
Asian Citrus Holdings Ltd
11 August 2010
11 August 2010
Asian Citrus Holdings Limited
("Asian Citrus'" or "the Company")
Exercise of Employee Share Options
Asian Citrus Holdings Limited announces that following exercises of the
Company's Employee Share Options, 701,000 ordinary shares each of HK$0.01 have
been issued.
Out of the 701,000 ordinary shares issued, 120,000 shares and 90,000 shares were
issued to Mr. SUNG Chi Keung and Mr. CHEUNG Wai Sun respectively, executive
directors of the Company. 120,000 employee options and 90,000 employee options
were exercised at 11.2 pence per share and 20.45 pence per share respectively on
11 August 2010. Following this conversion, Mr. SUNG now holds 520,000 ordinary
shares and 4,560,000 employee options and Mr. CHEUNG now holds 90,000 ordinary
shares and 1,320,000 employee options.
Application will be made today to the London Stock Exchange for the ordinary
shares, which will rank pari passu with the existing ordinary shares in issue,
to be admitted to trading on AIM, and admission is expected to become effective
on 18 August 2010.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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