21st Dec 2009 09:30
21 December 2009
Asian Citrus Holdings Limited
("Asian Citrus" or "the Company")
Issue of Ordinary Shares pursuant to Scrip Dividend
Asian Citrus announces the issue of 7,984,294 new ordinary shares of HK$0.01 each in the Company ("Ordinary Shares") pursuant to shareholder participation in the Scrip Dividend announced on 15 September 2009.
The offer price for Ordinary Shares is 44.95 pence (equivalent to approximately HK$5.62 for illustrative purpose*). The offer price is the average of the closing share prices for the five preceding dealing days ended Tuesday 17 November 2009 and was calculated using the sterling/Chinese Yuan Renminbi with reference to the Hong Kong Association of Banks on 13 November 2009.
Application will be made today to the London Stock Exchange and Stock Exchange of Hong Kong Limited ("SEHK") for the 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, and admission is expected to become effective on 31 December 2009.
* Based on the exchange rate of GBP1:HK$12.4975 with reference to the website of the Hong Kong
Association of Banks.
For further information please contact:
Asian Citrus Holdings Limited Tel: 852 2559 0323
Tony Tong, Chairman and Chief Executive Officer
Eric Sung, Finance Director
Weber Shandwick Financial Tel: 020 7067 0700
Terry Garrett, Stephanie Badjonat, John Moriarty
Related Shares:
ACHL.L