30th Apr 2014 07:00
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 |
www.abchurch-group.com |
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