3rd Jul 2014 10:00
Press Release | 3 July 2014 |
Camkids Group plc
("Camkids" or the "Company")
Issue of Equity
Total Voting Rights
Camkids Group plc (AIM: CAMK), a leading Chinese designer, manufacturer and distributor of branded outdoor clothing, footwear and equipment for children, announces that, following the final date for receipt of Scrip Dividend Mandates, an application for the issue of 1,653,439 new ordinary shares ("Scrip Shares") of nil par value has been submitted to AIM. Camkids anticipates that the Scrip Shares will be admitted to trading on or around 11 July 2014 ("Admission").
Zhang Congming, the Company's Chairman, will acquire 1,577,287 of the Scrip Shares. As a result, Zhang Congming's total shareholding will be 51,577,287 ordinary shares, representing 66.91% of the enlarged issued share capital. Zhang Congming's entire shareholding is held through Starbeams Group Limited, a company incorporated in the BVI. Zhang Congming is the sole director and shareholder of Starbeams Group Limited.
Further details on the scrip dividend are set out in the Company's announcements of 20 June and 14 May 2014.
The remaining aspects of the dividend timetable are set out below:
10 July 2014 | Posting of cheques and tax vouchers (as appropriate) (with anticipated receipt date of 11 July 2014) |
11 July 2014 | Dividend payment date / allotment of new Ordinary Shares / first day of dealing in the new Ordinary Shares |
11 July 2014 | Posting share certificates |
Total voting rights
On Admission, the Company's issued share capital will consist of 77,081,068 ordinary shares of nil par value with one voting right each. Camkids does not hold any shares in treasury. Accordingly, the total number of ordinary shares and voting rights in the Company will be 77,081,068. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
- Ends -
For further information:
Camkids Group plc | |
Zhang Congming, Executive Chairman | Tel: +44 (0) 20 7398 7714 |
Ng Pei Eng, Chief Finance Officer | www.camkids-ir.com |
Allenby Capital Limited | |
Alex Price / James Reeve / Nick Athanas | Tel: +44 (0) 20 3328 5656 |
www.allenbycapital.com |
Media enquiries:
Abchurch Communications Limited | |
Henry Harrison-Topham | Tel: +44 (0) 20 7398 7702 |
www.abchurch.co.uk | |
Canace Wong | Tel: +44 (0) 207 398 7714 |
www.abchurch.co.uk |
Notes to Editors
Camkids is a leading Chinese designer, manufacturer and distributor of branded outdoor clothing, footwear and equipment for children and teenagers.
Based in Fujian province in China, the Group focuses on teenage sportswear for outdoor activities, combining functionality and innovation. The products are mid-range price based, targeting mid and high range markets within China.
The three main product areas are:
· Camkids outdoor clothing - all weather jackets, waterproof trousers, shirts, tops and T-shirts, woollen sweaters, jeans, trousers shorts and skirts;
· Camkids footwear - hiking boots, outdoor leisure footwear, flip-flops, sandals and boots
· Camkids equipment and accessories - telescopes, backpacks, technical packs, tents, sleeping bags, headgear, caps, kettles, headlights and torches.
The Group designs its entire product range and manufactures the majority of its footwear. Outdoor apparel and accessories are currently manufactured by third party OEMs.
Camkids' primary route to market for the sale of its products is through its network of distributors. The Group has established an extensive distribution network across 29 provinces, 4 municipalities and 5 autonomous regions within the PRC and is successfully expanding its presence in tier 3 and tier 4 cities. The Group has 17 authorised distributors operating over 1,285 franchised retail outlets, and is in the early stages of developing an online e-commerce platform to target online retail.
Camkids has received a number of prestigious awards. In January 2014, the Group was recognised by Asia Brand Association as the Top Brand in China for 2013 and the top ten Industry Customer Satisfaction Brand's. The Group's Chairman also received the Brand China 'People of the Year' award.
For more information please visit www.camkids-ir.com.
Related Shares:
CAMK.L