China Chaintek United Co., Ltd Posting of Dividend Documentation (0619U)

TIDMCTEK

RNS Number : 0619U

China Chaintek United Co., Ltd

13 October 2014

 
 13 October 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 22 September, it will today post a circular and other documentation ("Circular Documents") to shareholders. The Circular Documents relate to the Company's interim scrip dividend of 2p or 1p cash alternative, in respect of the 6 month period ended 30 June 2014. Pursuant to AIM Rule 20, electronic copies of the Circular Documents will also be available on the Company's website www.chaintek-united.com

The Company also announces the timetable for the payment of the interim dividend, as described more fully in the circular to shareholders, and set out in the table below:

   13 October 2014                    Posting of Scrip Dividend and Cash Dividend Alternative offer 
   23 October 2014                    Ordinary Shares quoted ex dividend 
   24 October 2014                    Record date for dividend 
   31 October 2014                    Final date for receipt of Forms of Election 
   17 November 2014                 Dividend payment date / allotment of new Ordinary Shares 
   17 November 2014                 Posting of dividend cheques and share certificates 
   17 November 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 closing price of the shares on the five days following the ex dividend date. There will be a cash alternative of 1 pence per share 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.,            www.chaintek-united-ir.com 
  Ltd 
                                                    +65 9227 8485 
 Derrick Wong (Finance Director)                +86 159 8597 3034 
 
 Daniel Stewart & Co 
 Paul Shackleton / Martin Lampshire          +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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