27 Jun 2014 12:20
AUHUA CLEAN ENERGY PLC
("Auhua" or the "Company")
Proposed Maiden Dividend Update
27 June 2014: The Company previously announced on 2 May 2014 that the expected payment date in relation to the proposed maiden dividend was 16 June 2014. As this is the Company's maiden dividend, the dividend administration has taken longer than expected taking into consideration that a majority of the shareholders are based overseas. The Company is finalising the remaining details and expects to issue the payment on or before 4 July 2014.
The Company is also pleased to advise that the directors of the Company who are shareholders, representing 65.3% of the total outstanding shares, will waive their rights to the maiden dividend as a sign of continued commitment to the growth of the Company.
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Media Enquiries
Brunswick | Harriet Lebus | auhua@brunswickgroup.com |
Further information
Auhua Clean Energy plc | David Sumner, non-executive Chairman | +971 555 923198 davidjsumner@auhuacleanenergy.com |
Grant Thornton UK LLP (nominated adviser) | Philip Secrett / Maureen Tai / Jamie Barklem | +44 (0)20 7383 5100 jamie.r.barklem@uk.gt.com |
Peat & Co (co-broker) | Charlie Peat | +44 (0)203 540 1721 Charlie.peat@peatandco.com |
Cornhill Capital Limited (co-broker) | Nick Bealer | +44 (0)20 7710 9610 nickb@cornhillcapital.com |
About Auhua:
Auhua Clean Energy (www.auhuacleanenergy.com) is an environmental technology group based in the Shandong Province of Eastern China specialising in the development and application of green energy and energy efficient solar water heating solutions. In particular, the Group is focused on the manufacture and sale of split-unit solar water heating systems.
Auhua Clean Energy operates through its wholly owned subsidiaries Shandong Auhua New Energy Co., Ltd and Weihua Auhua New Energy Co., Ltd., of which Auhua Holdings Pte Ltd is the intermediate holding company.