China Chaintek United Co., Ltd Posting of Dividend Documentation (8353F)

TIDMCTEK

RNS Number : 8353F

China Chaintek United Co., Ltd

30 April 2014

 
 Press Release   30 April 2014

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 7 April 2014, it is today posting to shareholders a circular and other documentation relating to the Company's proposed final dividend of 4 pence per share. This is in respect of the year ended 31 December 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-ir.com.

The timetable for the payment of the final dividend, subject to approval of the dividend by shareholders at the Company's Annual General Meeting convened for 20 May 2014, is as set out in the table below:

 
 30 April 2014   Posting of Scrip Dividend and Cash Dividend 
                  Alternative offer 
 21 May 2014     Ordinary Shares quoted ex dividend 
 23 May 2014     Record date for dividend 
 30 May 2014     Final date for receipt of Mandate Forms 
 9 June 2014     Dividend payment date / issue of new Ordinary 
                  Shares 
 9 June 2014     Posting of dividend cheques and share certificates 
 9 June 2014     First day of dealing in the new Ordinary Shares

The final 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 are quoted "ex" dividend and the four subsequent dealing days as derived from the London Stock Exchange's Daily Of cial List. There will be a cash alternative for shareholders who so elect.

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 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 
                                             +65 9227 8485 
 Derrick Wong (Finance Director)         +86 159 8597 3034 
 
 ZAI Corporate Finance 
 Ray Zimmerman / Wei Wang             +44 (0) 207 060 2220 
 
 Daniel Stewart & Co 
 Paul Shackleton / James Thomas       +44 (0) 20 7776 6550 
 
 Abchurch Communications 
 Henry Harrison-Topham / Quincy 
  Allan                               +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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