China Chaintek United Co., Ltd Posting of Dividend Documentation (8670S)

TIDMCTEK

RNS Number : 8670S

China Chaintek United Co., Ltd

13 November 2013

 
 Press Release   13 November 2013

China Chaintek United Co., Ltd

("ChainTek" or the "Company")

Posting of Dividend Documentation

ChainTek (AIM: CTEK), the provider of logistics services to manufacturers of consumer goods in China, announces that, further to its announcement of 6 November 2013, it has today posted to shareholders a circular and other documentation relating to the Company's proposed interim maiden dividend of 2 pence. This is in respect of the six month period ended 30 June 2013, to be offered as a scrip dividend, with a cash alternative. Pursuant to AIM Rule 20 electronic copies of these documents will shortly be available on the Company's website at http://www.chaintek-united.com/IR.asp.

The Company also announces an updated timetable for the payment of the interim dividend, with a later payment date of 3 January 2014, as set out in the table below:

 
 13 November 2013   Posting of Scrip Dividend and Cash Dividend 
                     Alternative offer 
 11 December 2013   Ordinary Shares quoted ex dividend 
 13 December 2013   Record date for dividend 
 20 December 2013   Final date for receipt of Forms of Election 
 3 January 2014     Dividend payment date / allotment of new Ordinary 
                     Shares 
 3 January 2014     Posting of dividend cheques and share certificates 
 3 January 2014     First day of dealing in the new Ordinary Shares

The interim dividend will be in the form of a scrip issue of shares based on the average of the middle market quotations for the Ordinary Shares for the day on which they were quoted "ex" dividend and the four subsequent dealing days as derived from the London Stock Exchange's Daily Of cial List (not as previously stated the five days following the ex dividend date). There will be a cash alternative for shareholders who so elect.

As previously announced, Odylink Limited and Golden Plan Development, both shareholders connected with the Executive Directors of the Company, and eligible to receive shares pursuant to the scrip issue have irrevocably instructed the Company not to issue any shares to them pursuant to the scrip issue to the extent that they would thereby increase their respective percentage of voting rights in the Company's issued share capital.

- Ends -

For further information:

 
 China Chaintek United Co., 
  Ltd 
 Zhining Xu (Investor Relations)        +44 (0) 7720570262 
                                             +65 9227 8485 
 Derrick Wong (Finance Director)         +86 159 8597 3034 
 
 ZAI Corporate Finance 
 Ray Zimmerman / Wei Wang             +44 (0) 207 060 2220 
 
 Liberum Capital 
 Steve Pearce / Tom Fyson / 
  Josh Hughes                         +44 (0) 20 3100 2000 
 
 Daniel Stewart & Co 
 Paul Shackleton / James Thomas       +44 (0) 20 7776 6550 
 
 Abchurch Communications 
 Henry Harrison-Topham / Joanne 
  Shears                              +44 (0) 20 7398 7702 
 henry.ht@abchurch-group.com        www.abchurch-group.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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