TIDMACHL

RNS Number : 4223R

Asian Citrus Holdings Ltd

19 November 2012

 
 For immediate release   19 November 2012

Asian Citrus Holdings Limited

("Asian Citrus" or "the Group")

Dividend Payment and Scrip Dividend Offer

Asian Citrus announces the foreign exchange rate for its 2011/12 final dividend payment and the share dividend price for its scrip dividend offer.

Cash Dividend

On 21 September 2012, Asian Citrus declared a final dividend of RMB0.13 per share for the year ended 30 June 2012.

Dividend payments will be converted to GBP or HK$ at a rate of 9.8704 or 0.8039, the relevant spot rates sourced from the Hong Kong Association of Banks on 13 November 2012. Shareholders that were holding shares on the Jersey register and Hong Kong branch register at the close of business on 9 November 2012 should expect to receive a cash dividend of approximately GBP0.01317 or HK$0.1617 per ordinary share and it will be paid on or before 31 December 2012.

Scrip Dividend

On 19 November 2012, Asian Citrus wrote to shareholders offering them a scrip dividend alternative to the final cash dividend for the year ended 30 June 2012. The offer price for the new shares to be issued under the Scrip Dividend Scheme is HK$3.774 (GBP0.3074).

HK$3.774 is the average closing price of the shares of the Company for the five trading days starting from, and including,7 November 2012 on The Stock Exchange of Hong Kong Limited.

To receive one new ordinary share under this offer, a shareholder must have held 24 or more ordinary shares as the close of business on 9 November 2012. If insufficient ordinary shares were held and the cash value of the dividend is less than the price of the scrip dividend, shareholders will not be eligible to receive the scrip dividend on this occasion.

The scrip dividend offer will close on 10 December 2012.

A circular explaining the proposed cash dividend and the scrip dividend further has today been posted to shareholders and will shortly be available on the Company's website (www.asian-citrus.com).

For further enquires:

 
 Asian Citrus 
 Eric Sung, Finance Director               +852 2559 0323 
 
 Seymour Pierce Limited 
 Jonathan Wright, Tom Sheldon (NOMAD)      +44 (0) 20 7107 8000 
 Richard Redmayne, Jacqui Briscoe 
  (Broking) (Broking) 
 Liberum Capital Limited (Joint Broker) 
  Clayton Bush, Richard Bootle             +44 (0) 20 3100 2222 
 Weber Shandwick Financial                 +44 (0) 020 7067 0700 
 Nick Oborne, Stephanie Badjonat, 
  John Moriarty

This information is provided by RNS

The company news service from the London Stock Exchange

END

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