Issue of Ordinary Shares pursuant to Scrip Dividen (4301Y)
December 22 2010 - 4:37AM
UK Regulatory
TIDMACHL
RNS Number : 4301Y
Asian Citrus Holdings Ltd
22 December 2010
22 December 2010
Asian Citrus Holdings Limited
("Asian Citrus" or "the Company")
Issue of Ordinary Shares pursuant to Scrip Dividend
Asian Citrus announces the issue of 7,053,638 new ordinary
shares of HK$0.01 each in the Company ("Ordinary Shares") pursuant
to shareholder participation in the Scrip Dividend announced on 2
November 2010.
The offer price for Ordinary Shares is HK$9.878 (equivalent to
approximately GBP0.7852,based on the exchange rate of GBP1:HK$12.58
with reference to the website of the Hong Kong Association of Banks
on 5 November 2010 ). The offer price 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.
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
2010.
For further information please contact:
Weber Shandwick Financial Tel: 020 7067 0700
Terry Garrett, John Moriarty, Stephanie Badjonat
J.P. Morgan Cazenove Tel: 020 7588 2828
James Mitford / Gina Gibson
This information is provided by RNS
The company news service from the London Stock Exchange
END
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