TIDMACHL

RNS Number : 5061U

Asian Citrus Holdings Ltd

31 December 2012

 
 For immediate release   31 December 2012

Asian Citrus Holdings Limited

("Asian Citrus" or "the Group")

Director dealings

Asian Citrus was notified on 31 December 2012 that Market Ahead Investments Limited and Mr. Nicholas Smith received 7,232,473 and 42,145 scrip dividend alternative to the dividends in the Company on 31 December 2012 at an offer price of HK$3.774 (equivalent to 30.74 pence) per share.

Market Ahead Investments Limited, the issued share capital of which is beneficially owned as to 76% by Mr. Tong Wang Chow, the Chairman and an executive Director, 6% by Mr. Tong Hung Wai, Tommy, an executive Director, 6% by Mrs. Tong Lee Fung Kiu, 6% by Ms. Tong Mei Lin and 6% by Mr. Lee Kun Chung. Following the scrip dividend, Market Ahead Investments Limited now holds 232,302,392 ordinary shares representing 18.921% of the Company's issued share capital. Mr. Tong Wang Chow is deemed to be interested in 232,302,392 ordinary shares held by Market Ahead Investment Limited by virtue of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Mr. Nicholas Smith, an independent non-executive director of the Company, is a direct beneficiary of the Carey Pensions & Benefits Limited as Trustee of InterRetire - Smith Executive Retirement Plan (the "Plan") and is consequently taken as having an interest in all shares in the Plan. Following the scrip dividend, the Plan and Mr. Nicholas Smith now hold 676,199 ordinary shares and 348,404 ordinary shares respectively representing 0.055% and 0.028% of the Company's issued share capital respectively. Mr. Nicholas Smith's total beneficial holding is therefore now 1,024,603 ordinary shares representing 0.083% of the Company's issued share capital.

For further enquiries please contact

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

This information is provided by RNS

The company news service from the London Stock Exchange

END

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