Scrip Dividend (2241F)
April 20 2011 - 4:46AM
UK Regulatory
TIDMACHL
RNS Number : 2241F
Asian Citrus Holdings Ltd
20 April 2011
20 April 2011
Asian Citrus Holdings Limited
("Asian Citrus" or "the Company")
Issue of Ordinary Shares pursuant to Scrip Dividend
Asian Citrus announces the issue of 954,585 New Ordinary Shares
of HK$0.01 each in the Company ("Ordinary Shares") pursuant to
shareholder participation in the Scrip Dividend announced on 21
March 2011.
The offer price for Ordinary Shares is HK$8.9960 (equivalent to
approximately GBP0.7204, based on the exchange rate of
GBP1:HK$12.4875 with reference to the website of the Hong Kong
Association of Banks on 11 March 2011). The offer price 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
last day the shares are traded cum-dividend on the Hong Kong Stock
Exchange Limited.
Application will be made today to the London Stock Exchange and
Stock Exchange of Hong Kong Limited ("SEHK") for the New 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. Admission of the New Ordinary Shares is expected to become
effective on 3 May 2011.
For further information contact:
Weber Shandwick Financial
Nick Oborne/John Moriarty/Stephanie
Badjonat 0207 067 0700
Seymour Pierce Limited
Nandita Sahgal, Jonathan Wright (NOMAD) 020 7101 8000
Leti McManus, Richard Redmayne, (Broking)
This information is provided by RNS
The company news service from the London Stock Exchange
END
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