18 Dec 2012 09:04
18 December 2012
Asian Citrus Holdings Limited
("Asian Citrus" or "the Company")
Issue of Ordinary Shares pursuant to Scrip Dividend
Asian Citrus announces the issue of 17,768,373 New Ordinary Shares of HK$0.01 each in the Company ("Ordinary Shares") pursuant to shareholder participation in the Scrip Dividend announced on 19 November 2012.
The offer price for Ordinary Shares is HK$3.774 (equivalent to approximately GBP0.3074, based on the exchange rates sourced from the Hong Kong Association of Banks on 13 November 2012). The offer price is the average closing price of the shares of the Company for the five trading days starting from, and including, 7 November 2012, being the last day the shares are traded cum-dividend on the Hong Kong Stock Exchange Limited.
Application will be made today to the London Stock Exchange and Stock Exchange of Hong Kong Limited ("SEHK") for the New Ordinary Shares, which will rank pari passu with the existing Ordinary Shares in issue, to be admitted to trading on AIM and Main Board of SEHK. Admission of the New Ordinary Shares is expected to become effective on 31 December 2012.
For further information contact:
Asian Citrus | |
Eric Sung, Finance Director
| +852 2559 0323 |
Seymour Pierce Limited | |
Jonathan Wright, Tom Sheldon (NOMAD) | +44 020 7107 8000 |
Richard Redmayne, Jacqui Briscoe (Broking)
| |
Liberum Capital Limited | |
Clayton Bush, Richard Bootle (Joint Broker) | +44 020 3100 2222 |
Weber Shandwick Financial | |
Nick Oborne, Stephanie Badjonat, John Moriarty
| +44 020 7067 0700 |