Sign In
21 Mar 2011 08:30
21 March 2011
Asian Citrus Holdings Limited
("Asian Citrus'" or "the Company")
Dividend Payment and Scrip Dividend Offer
Asian Citrus announces the foreign exchange rate for its 2010/11 interim dividend payment and the share dividend price for its scrip dividend offer.
Cash Dividend
On 25 February 2011, Asian Citrus declared an interim dividend of RMB0.02 per share for the six months ended 31 December 2010.
Dividend payments will be converted to GBP or HK$ at a rate of 10.5382 or 0.8439, the relevant spot rates sourced from the Hong Kong Association of Banks on 11 March 2011. Shareholders that were holding shares on the Jersey register and Hong Kong branch register on 11 March 2011should expect to receive a cash dividend of approximately GBP0.0019 or HK$0.0237 per share and it will be paid on or before 3 May 2011.
Scrip Dividend
On 21 March 2011, Asian Citrus wrote to shareholders offering them a scrip dividend alternative to the interim dividend for the six months ended 31 December 2010. The offer price for the new shares to be issued under the Scrip Dividend Scheme is HK$8.9960 (GBP0.7204).
HK$8.9960 is the average closing price of the shares of the Company for the five trading days starting from, and including, 9 March 2011, being the lastday the shares are traded cum-dividend on the Hong Kong Stock Exchange Limited.
To receive one new ordinary share under this offer, a shareholder must have held 380 or more ordinary shares as at 11 March 2011. If insufficient ordinary shares were held and the cash value of the dividend is less than the price of the scrip dividend, shareholders will not be eligible to receive the scrip dividend on this occasion.
The scrip dividend offer will close on 8 April 2011.
A circular explaining the interim dividend and the scrip dividend further has today been posted to shareholders and is available on the Company's website (www.asian-citrus.com).
For further enquires:
Asian Citrus
Eric Sung, Finance Director +852 2559 0323
Seymour Pierce Limited
Nandita Sahgal, Jonathan Wright (NOMAD) 020 7101 8000
Leti McManus, Richard Redmayne (Broking)
Weber Shandwick Financial
Nick Oborne, Stephanie Badjonat, John Moriarty 020 7067 0700
Follow the stocks
