China Chaintek United Co., Ltd Further re. scrip dividend pricing (7166V)

TIDMCTEK

RNS Number : 7166V

China Chaintek United Co., Ltd

30 October 2014

 
 Press Release   30 October 2014

China Chaintek United Co., Ltd

("ChainTek" or the "Company")

Further re. scrip dividend pricing

Chaintek (AIM: CTEK), the provider of logistics services to manufacturers of consumer goods in China, is pleased to announce that the reference price for the Company's interim scrip dividend of 2 pence per share has been set at 58.30 pence (the "Reference Price"). This is the average of the middle market quotations for the Company's ordinary shares as derived from the London Stock Exchange's Daily Official List for the ex-dividend date of 23 October 2014 and the four subsequent dealing days.

Any shareholders entitled to the interim dividend who wish to elect for the cash alternative and have not already done so, should complete a Mandate Form and return it so as to arrive no later than 5.00pm on 31 October 2014 in order for it to be effective for the interim dividend. Additional Mandate Forms are available from the Company's website at http://www.chaintek-united-ir.com.

For shareholder protection, the Directors may (and absent mitigating circumstances intend to) resolve to pay a cash dividend to all Shareholders, irrespective of whether a Shareholder has or has not completed a Mandate Form instead of the Scrip Dividend if the middle market quotation for the Company's Ordinary Shares by the final date for the receipt of Mandate Forms (being 31 October 2014) falls by 15 per cent or more from the Reference Price. The Directors may also decide to pay a cash dividend instead of the Scrip Dividend if the middle market quotation for the Company's Ordinary Shares by the final date for the receipt of Mandate Forms (being 31 October 2014) rises by 15 per cent or more from the Reference Price.

- Ends -

For further information:

 
 China Chaintek United Co., 
  Ltd 
                                             +65 9227 8485 
 Derrick Wong (Finance Director)         +86 159 8597 3034 
 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

END

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