31 Dec 2010 08:02
31 December 2010
Asian Citrus Holdings Limited
("Asian Citrus" or "the Company")
Director Dealings
Asian Citrus was notified on 30 December 2010 that Market Ahead Investments Limited and Mr. Nicholas Smith received 3,846,766 and 10,560 scrip dividend alternative to the dividends in the Company on 31 December 2010 at an offer price of HK$9.878 (equivalent to 78.52 pence) per share.
Market Ahead Investments Limited, the issued share capital of which is beneficially owned as to 76% by Mr. Tong Wang Chow, the Chairman and an executive Director, 6% by Mr. Tong Hung Wai, Tommy, an executive Director, 6% by Mrs. Tong Lee Fung Kiu, 6% by Ms. Tong Mei Lin and 6% by Mr. Lee Kun Chung. Following the scrip dividend, Market Ahead Investments Limited now holds 275,069,919 ordinary shares representing 22.671% of the Company's issued share capital. Mr. Tong Wang Chow is deemed to be interested in 275,069,919 ordinary shares held by Market Ahead Investment Limited by virtue of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).
Mr. Nicholas Smith, an independent non-executive director of the Company, is a direct beneficiary of the Carey Pensions & Benefits Limited as Trustee of InterRetire - Smith Executive Retirement Plan (the "Plan") and is consequently taken as having an interest in all shares in the Plan. Following the scrip dividend, the Plan and Mr. Nicholas Smith now hold 323,592 ordinary shares and 431,459 ordinary shares respectively representing 0.027% and 0.035% of the Company's issued share capital respectively. Mr. Nicholas Smith's total beneficial holding is therefore now 755,051 ordinary shares representing 0.062% of the Company's issued share capital.
For Further Information Contact:
Nick Oborne/John Moriarty/Stephanie Badjonat
Weber Shandwick Financial 0207 067 0700