Auhua Clean Energy Plc Proposed Maiden Dividend Update (7663K)

TIDMACE

RNS Number : 7663K

Auhua Clean Energy Plc

27 June 2014

AUHUA CLEAN ENERGY PLC

("Auhua" or the "Company")

Proposed Maiden Dividend Update

27 June 2014: The Company previously announced on 2 May 2014 that the expected payment date in relation to the proposed maiden dividend was 16 June 2014. As this is the Company's maiden dividend, the dividend administration has taken longer than expected taking into consideration that a majority of the shareholders are based overseas. The Company is finalising the remaining details and expects to issue the payment on or before 4 July 2014.

The Company is also pleased to advise that the directors of the Company who are shareholders, representing 65.3% of the total outstanding shares, will waive their rights to the maiden dividend as a sign of continued commitment to the growth of the Company.

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Media Enquiries

 
 Brunswick   Harriet Lebus   [e-mail] 
 

Further information

 
 Auhua Clean Energy     David Sumner, non-executive    [phone] 
  plc                    Chairman                       [e-mail] 
 Grant Thornton         Philip Secrett / Maureen      [phone] 
  UK LLP (nominated      Tai /                         [e-mail] 
  adviser)               Jamie Barklem 
                       ----------------------------  ------------------------------------ 
 Peat & Co              Charlie Peat                  [phone] 
  (co-broker)                                          [e-mail] 
                       ----------------------------  ------------------------------------ 
 Cornhill Capital       Nick Bealer                   [phone] 
  Limited (co-broker)                                  [e-mail] 
                       ----------------------------  ------------------------------------ 
 

About Auhua:

Auhua Clean Energy (www.auhuacleanenergy.com) is an environmental technology group based in the Shandong Province of Eastern China specialising in the development and application of green energy and energy efficient solar water heating solutions. In particular, the Group is focused on the manufacture and sale of split-unit solar water heating systems.

Auhua Clean Energy operates through its wholly owned subsidiaries Shandong Auhua New Energy Co., Ltd and Weihua Auhua New Energy Co., Ltd., of which Auhua Holdings Pte Ltd is the intermediate holding company.

This information is provided by RNS

The company news service from the London Stock Exchange

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