Transaction in Own Shares (1971Q)
October 14 2011 - 5:15AM
UK Regulatory
TIDMACHL
RNS Number : 1971Q
Asian Citrus Holdings Ltd
14 October 2011
For immediate release 14 October 2011
Asian Citrus Holdings Limited
("Asian Citrus" or "the Group")
SHARE REPURCHASE
This announcement is a disclosure made by Asian Citrus Holdings
Limited (the "Company") to provide its shareholders and potential
investors with update information in relation to the development of
the Company.
Pursuant to the repurchase mandate granted to the Board at the
annual general meeting of the Company held on 3 December 2010 (the
"Repurchase Mandate"), the Company repurchased 1,000,000 of its own
shares on The Stock Exchange of Hong Kong Limited on 14 October
2011, at the highest and lowest price of HK$5.19 (GBP 0.4248) and
HK$5.09 (GBP 0.4166), respectively (the "Share Repurchase") for
cancellation. The aggregate consideration for the Share Repurchase
is HK$5,173,150 (GBP 423,421) and was funded from internal
resources of the Company.
The shares repurchased by the Company represent approximately
0.08% of the existing issued share capital of the Company. Upon the
cancellation of the repurchased shares, the Company will have
ordinary shares of 1,214,156,963 in issue. The Company may make
further repurchases according to the market conditions, but in any
case, the aggregate number of shares already repurchased and shares
which may be repurchased will not exceed 103,128,274 shares
according to the Repurchase Mandate.
Shareholders and investors should note that any repurchase of
shares made under the Repurchase Mandate will be subject to market
conditions and the applicable rules under the Rules Governing the
Listing of Securities on the Stock Exchange of Hong Kong Limited
and AIM Rules and will be at the Company's management's absolute
discretion. There is no assurance of the timing, quantity or price
of any share repurchases or whether the Company will make any
further repurchases at all. Shareholders and investors should
therefore exercise caution when dealing in the shares of the
Company.
For further enquiries please contact
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 020 7067 0700
Nick Oborne, Stephanie Badjonat,
John Moriarty
This information is provided by RNS
The company news service from the London Stock Exchange
END
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