China Chaintek United Co., Ltd Scrip Dividend Payment and Directors' Dealings (9800W)
November 14 2014 - 2:00AM
UK Regulatory
TIDMCTEK
RNS Number : 9800W
China Chaintek United Co., Ltd
14 November 2014
Press Release 14 November 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 electing for the cash
dividend have been received in respect of 8,297,212 ordinary shares
of US$0.001 each ("Ordinary Shares"), including 2,882,197 and
2,730,503 from Odylink Limited and Golden Plan Development Limited
respectively, both of which are shareholders connected with certain
of the Executive Directors of the Company. As a consequence, a
total cash dividend payment of GBP82,996 will be made on 17
November 2014 to shareholders so electing for the interim cash
alternative dividend of 1 pence per share. The Company's interim
scrip dividend of 2 pence per share shall be satisfied by the
allotment of 1,672,543 new ordinary shares (the "Scrip Dividend
Shares") at the reference price of 58.30 pence per share to be
issued on 17 November 2014.
The Directors elections and resulting holdings are as
follows:
Director Number of scrip Ordinary shares Holding in Company
dividend shares following scrip %
dividend
------------------- ----------------- ----------------- -------------------
Shufang Zhuang(1) 581,004 20,399,489 34.737%
------------------- ----------------- ----------------- -------------------
Meijin Xu(2) 550,425 19,325,832 32.909%
------------------- ----------------- ----------------- -------------------
Stuart Lane 397 11,972 0.020%
------------------- ----------------- ----------------- -------------------
William Knight 385 11,635 0.020%
------------------- ----------------- ----------------- -------------------
Derrick Wong 180 5,441 0.009%
------------------- ----------------- ----------------- -------------------
(1) Shufang Zhuang holds his shares in the Company via Odylink
Limited, a company incorporated in the British Virgin Islands
(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 the Scrip Dividend Shares, which
will 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 17
November 2014.
Application will also be made in respect of a further 71 new
ordinary shares previously issued pursuant to the scrip dividend
declared on 7 April 2014 which were not admitted at the time of
issue. It is expected that admission will become effective and
dealings will commence on 17 November 2014.
Following admission, the enlarged issued share capital of
Chaintek with voting rights attached consists of 58,725,605
Ordinary Shares with one vote per ordinary share. There are no
shares held in Treasury. The total number of voting rights in
Chaintek is therefore 58,725,605 which is the figure that 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
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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