Share repurchase (1604Y)
February 27 2012 - 4:16AM
UK Regulatory
TIDMACHL
RNS Number : 1604Y
Asian Citrus Holdings Ltd
27 February 2012
For immediate release 27 February 2012
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 8 November 2011 (the
"Repurchase Mandate"), the Company repurchased 1,000,000 of its own
shares on The Stock Exchange of Hong Kong Limited on 27 February
2012, at the highest and lowest price of HK$4.60 (GBP0.3744) and
HK$4.43 (GBP0.3605), respectively (the "Share Repurchase") for
cancellation. The aggregate consideration for the Share Repurchase
is HK$4,535,080 (GBP369,081) 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. Up to
the date of this announcement, the Company has repurchased a total
number of 2,500,000 of its own shares. Upon the cancellation of the
repurchased shares, the Company will have ordinary shares of
1,227,052,182 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 121,315,696 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
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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