Dividend Payment and Scrip Dividend Offer
November 12 2010 - 3:30AM
UK Regulatory
TIDMACHL
RNS Number : 0837W
Asian Citrus Holdings Ltd
12 November 2010
12 November 2010
Asian Citrus Holdings Limited
("Asian Citrus'" or "the Company")
Dividend Payment and Scrip Dividend Offer
Asian Citrus, the largest orange plantation owner and operator in China,
announces the foreign exchange rate for its 2009/10 final and special dividend
payment and the share dividend price for its scrip dividend offer.
Cash Dividend
On 12 October 2010, Asian Citrus declared a final dividend of RMB0.10 per share
and a special dividend of RMB0.02 per share for the year ended 30 June 2010.
Dividend payments will be converted to GBP or HK$ at a rate of 10.7710 or
0.8562, the relevant spot rates sourced from the Hong Kong Association of Banks
on 5 November 2010. Shareholders that were holding shares on the Jersey
register and Hong Kong branch register on 5 November 2010 should expect to
receive a cash dividend of approximately GBP0.0111 or HK$0.1401 per ordinary
share if the proposed final and special dividend is approved at the Annual
General Meeting on 3 December 2010 and, if approved, this it will be paid on or
before 31 December 2010.
Scrip Dividend
On 12 November 2010, Asian Citrus wrote to shareholders offering them a scrip
dividend alternative to the final and special cash dividend for the year ended
30 June 2010. The offer price for the new shares to be issued under the Scrip
Dividend Scheme is HK$9.878 (GBP0.7852).
HK$9.878 is the average closing price of the shares of the Company for the five
trading days commencing (and including) 3 November 2010 on The Stock Exchange of
Hong Kong Limited.
To receive one new ordinary share under this offer, a shareholder must have held
71 or more ordinary shares as at 5 November 2010 . 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 30 November 2010.
An 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).
This information is provided by RNS
The company news service from the London Stock Exchange
END
DIVEAPFAFALEFEF
Asian Citrus (LSE:ACHL)
Historical Stock Chart
From Jun 2024 to Jul 2024
Asian Citrus (LSE:ACHL)
Historical Stock Chart
From Jul 2023 to Jul 2024