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Posting of Dividend Documentation

30th Apr 2014 07:00

RNS Number : 8353F
China Chaintek United Co., Ltd
30 April 2014
 



 

Press Release

30 April 2014

 

China Chaintek United Co., Ltd

 

("Chaintek" or the "Company")

 

Posting of Dividend Documentation

 

Chaintek (AIM: CTEK), the provider of logistics services to manufacturers of consumer goods in China, announces that, further to its announcement of 7 April 2014, it is today posting to shareholders a circular and other documentation relating to the Company's proposed final dividend of 4 pence per share. This is in respect of the year ended 31 December 2013, to be offered as a scrip dividend, with a cash alternative. Pursuant to AIM Rule 20 electronic copies of these documents will shortly be available on the Company's website at http://www.chaintek-united-ir.com.

 

The timetable for the payment of the final dividend, subject to approval of the dividend by shareholders at the Company's Annual General Meeting convened for 20 May 2014, is as set out in the table below:

 

30 April 2014

Posting of Scrip Dividend and Cash Dividend Alternative offer

21 May 2014

Ordinary Shares quoted ex dividend

23 May 2014

Record date for dividend

30 May 2014

Final date for receipt of Mandate Forms

9 June 2014

Dividend payment date / issue of new Ordinary Shares

9 June 2014

Posting of dividend cheques and share certificates

9 June 2014

First day of dealing in the new Ordinary Shares

 

The final dividend will be in the form of a scrip issue of shares based on the average of the middle market quotations for the Ordinary Shares for the day on which they are quoted "ex" dividend and the four subsequent dealing days as derived from the London Stock Exchange's Daily Official List. There will be a cash alternative for shareholders who so elect.

 

Odylink Limited and Golden Plan Development, both shareholders connected with the Executive Directors of the Company, and eligible to receive shares pursuant to the scrip issue have instructed the Company not to issue any shares to them pursuant to the scrip issue to the extent that they would thereby increase their respective percentage of voting rights in the Company's issued share capital.

 

- Ends -

 

 

For further information:

 

China Chaintek United Co., Ltd

Derrick Wong (Finance Director)

+65 9227 8485

+86 159 8597 3034

ZAI Corporate Finance

Ray Zimmerman / Wei Wang

+44 (0) 207 060 2220

Daniel Stewart & Co

Paul Shackleton / James Thomas

+44 (0) 20 7776 6550

Abchurch Communications

Henry Harrison-Topham / Quincy Allan

+44 (0) 20 7398 7702

[email protected]

www.abchurch-group.com

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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