China Chaintek United Co., Ltd Further re scrip dividend and Directors' dealings (8594I)
June 04 2014 - 10:00AM
UK Regulatory
TIDMCTEK
RNS Number : 8594I
China Chaintek United Co., Ltd
04 June 2014
Press Release 4 June 2014
China Chaintek United Co., Ltd
("Chaintek" or the "Company")
Further re scrip dividend
Directors' dealings
China Chaintek United Co., Ltd (AIM: CTEK), the provider of
logistics services to manufacturers of consumer goods in China, is
pleased to announce that valid mandate forms in respect of the cash
dividend have been received in respect of 11,003,098 ordinary
shares, including 3,822,137 and 3,620,973 from Odylink Limited and
Golden Plan Development Limited, both shareholders connected with
Executive Directors of the Company. In consequence, a total cash
dividend payment of GBP440,000 will be made on 9 June 2014 to
shareholders so electing with the balance of the final dividend of
4 pence per share being satisfied by the allotment of 1,674,441 new
ordinary shares at the reference price of 106.0 pence per
share.
A total of 1,674,441 new ordinary shares will be issued on 9
June 2014 in respect of the scrip dividend, including the following
in respect of directors' shareholdings:
Director Number of scrip Ordinary shares Holding in Company
dividend shares following scrip %
dividend
------------------- ----------------- ----------------- -------------------
Shufang Zhuang(1) 581,649 19,818,448 34.737%
------------------- ----------------- ----------------- -------------------
Meijin Xu(2) 551,035 18,775,371 32.909%
------------------- ----------------- ----------------- -------------------
Stuart Lane 420 11,575 0.020%
------------------- ----------------- ----------------- -------------------
William Knight 325 8,945 0.016%
------------------- ----------------- ----------------- -------------------
Derrick Wong 191 5,261 0.009%
------------------- ----------------- ----------------- -------------------
Note 1 - Shufang Zhuang holds his shares in the Company via
Odylink Limited, a company incorporated in the British Virgin
Islands
Note 2 - Meijin Xu holds her shares in the Company via Golden
Plan Developments Limited, a company incorporated in the British
Virgin Islands
Application will be made for these new ordinary shares, which
rank pari passu with the Company's existing issued ordinary shares,
to be admitted to trading on AIM. It is expected that admission
will become effective and dealings will commence on 9 June
2014.
Following admission, the enlarged issued share capital of
Chaintek with voting rights attached consists of 57,052,991
ordinary shares of US$0.0010 each with one vote per ordinary share.
There are no shares held in Treasury. The total number of voting
rights in Chaintek is therefore 57,052,991, which figure may be
used by shareholders (and others with notification obligations) as
the denominator for the calculations by which they will determine
whether they are required to notify their interest, or a change to
their interest, in Chaintek.
- 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 +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
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