Issue of Ordinary Shares pursuant to ScripDividend (2231U)

TIDMACHL

RNS Number : 2231U

Asian Citrus Holdings Ltd

19 December 2011

Asian Citrus Holdings Limited

("Asian Citrus" or "the Company")

Issue of Ordinary Shares pursuant to Scrip Dividend

Asian Citrus announces the issue of 9,456,219 New Ordinary Shares of HK$0.01 each in the Company ("Ordinary Shares") pursuant to shareholder participation in the Scrip Dividend announced on 18 November 2011.

The offer price for Ordinary Shares is HK$5.358 (equivalent to approximately GBP0.4339, based on the exchange rate of GBP1:HK$12.3475 with reference to the website of the Hong Kong Association of Banks on 15 November 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 November 2011, being the last day the shares are traded cum-dividend on the Hong Kong Stock ExchangeLimited.

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 30 December 2011.

For further information contact:

 
 Asian Citrus 
 Eric Sung, Finance Director                +852 2559 0323 
 Seymour Pierce Limited 
 Nandita Sahgal, Jonathan Wright (NOMAD)     020 7101 8000 
 Richard Redmayne, (Broking) 
 Weber Shandwick Financial 
 Nick Oborne/John Moriarty/Stephanie 
  Badjonat                                   0207 067 0700

This information is provided by RNS

The company news service from the London Stock Exchange

END

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