13th Nov 2013 07:00
Press Release | 13 November 2013 |
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 6 November 2013, it has today posted to shareholders a circular and other documentation relating to the Company's proposed interim maiden dividend of 2 pence. This is in respect of the six month period ended 30 June 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.com/IR.asp.
The Company also announces an updated timetable for the payment of the interim dividend, with a later payment date of 3 January 2014, as set out in the table below:
13 November 2013 | Posting of Scrip Dividend and Cash Dividend Alternative offer |
11 December 2013 | Ordinary Shares quoted ex dividend |
13 December 2013 | Record date for dividend |
20 December 2013 | Final date for receipt of Forms of Election |
3 January 2014 | Dividend payment date / allotment of new Ordinary Shares |
3 January 2014 | Posting of dividend cheques and share certificates |
3 January 2014 | First day of dealing in the new Ordinary Shares |
The interim 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 were quoted "ex" dividend and the four subsequent dealing days as derived from the London Stock Exchange's Daily Official List (not as previously stated the five days following the ex dividend date). There will be a cash alternative for shareholders who so elect.
As previously announced, 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 irrevocably 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 | |
Zhining Xu (Investor Relations) | +44 (0) 7720570262 |
Derrick Wong (Finance Director) | +65 9227 8485 +86 159 8597 3034 |
ZAI Corporate Finance | |
Ray Zimmerman / Wei Wang | +44 (0) 207 060 2220 |
Liberum Capital | |
Steve Pearce / Tom Fyson / Josh Hughes | +44 (0) 20 3100 2000 |
Daniel Stewart & Co | |
Paul Shackleton / James Thomas | +44 (0) 20 7776 6550 |
Abchurch Communications | |
Henry Harrison-Topham / Joanne Shears | +44 (0) 20 7398 7702 |
www.abchurch-group.com |
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