Dividend Declaration (2119D)
March 21 2011 - 4:30AM
UK Regulatory
TIDMACHL
RNS Number : 2119D
Asian Citrus Holdings Ltd
21 March 2011
21 March 2011
Asian Citrus Holdings Limited
("Asian Citrus'" or "the Company")
Dividend Payment and Scrip Dividend Offer
Asian Citrus announces the foreign exchange rate for its 2010/11
interim dividend payment and the share dividend price for its scrip
dividend offer.
Cash Dividend
On 25 February 2011, Asian Citrus declared an interim dividend
of RMB0.02 per share for the six months ended 31 December 2010.
Dividend payments will be converted to GBP or HK$ at a rate of
10.5382 or 0.8439, the relevant spot rates sourced from the Hong
Kong Association of Banks on 11 March 2011. Shareholders that were
holding shares on the Jersey register and Hong Kong branch register
on 11 March 2011should expect to receive a cash dividend of
approximately GBP0.0019 or HK$0.0237 per share and it will be paid
on or before 3 May 2011.
Scrip Dividend
On 21 March 2011, Asian Citrus wrote to shareholders offering
them a scrip dividend alternative to the interim dividend for the
six months ended 31 December 2010. The offer price for the new
shares to be issued under the Scrip Dividend Scheme is HK$8.9960
(GBP0.7204).
HK$8.9960 is the average closing price of the shares of the
Company for the five trading days starting from, and including, 9
March 2011, being the lastday the shares are traded cum-dividend on
the Hong Kong Stock Exchange Limited.
To receive one new ordinary share under this offer, a
shareholder must have held 380 or more ordinary shares as at 11
March 2011. 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 8 April 2011.
A circular explaining the interim dividend and the scrip
dividend further has today been posted to shareholders and is
available on the Company's website (www.asian-citrus.com).
For further enquires:
Asian Citrus
Eric Sung, Finance Director +852 2559 0323
Seymour Pierce Limited
Nandita Sahgal, Jonathan Wright (NOMAD) 020 7101 8000
Leti McManus, Richard Redmayne (Broking)
Weber Shandwick Financial
Nick Oborne, Stephanie Badjonat, John Moriarty 020 7067 0700
This information is provided by RNS
The company news service from the London Stock Exchange
END
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