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20 Apr 2011 09:46
20 April 2011
Asian Citrus Holdings Limited
("Asian Citrus" or "the Company")
Issue of Ordinary Shares pursuant to Scrip Dividend
Asian Citrus announces the issue of 954,585 New Ordinary Shares of HK$0.01 each in the Company ("Ordinary Shares") pursuant to shareholder participation in the Scrip Dividend announced on 21 March 2011.
The offer price for Ordinary Shares is HK$8.9960 (equivalent to approximately GBP0.7204, based on the exchange rate of GBP1:HK$12.4875 with reference to the website of the Hong Kong Association of Banks on 11 March 2011). The offer price 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 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 3 May 2011.
For further information contact:
Weber Shandwick Financial | |
Nick Oborne/John Moriarty/Stephanie Badjonat
| 0207 067 0700 |
Seymour Pierce Limited | |
Nandita Sahgal, Jonathan Wright (NOMAD) | 020 7101 8000 |
Leti McManus, Richard Redmayne, (Broking)
|
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