March 19, 2010 09:27

The Directors of China Fishery Group Limited (the "Company") have previously announced the application of the China Fishery Group Limited Scrip Dividend Scheme (the "Scrip Dividend Scheme") to the first and final dividend of 4.20 Singapore cents per ordinary share (tax not applicable) for the financial period ended 28 September 2009 (the "Final Dividend"), reports with reference to China Fishery Group.

The Directors wish to announce that 28,619,588 shares (the "New Shares") have been allotted and issued at an issue price of S$1.16 per New Share (tax not applicable) to eligible shareholders who have elected to participate in the Scrip Dividend Scheme in relation to the Final Dividend (the "Participating Shareholders").

The New Shares, credited as fully paid, were allotted on 15 March 2010 and issued on 19 March 2010 to The Central Depository (Pte) Ltd ("CDP") (for credit to the securities accounts of the Participating Shareholders maintained with CDP) and to Participating Shareholders who are registered in the Register of Members of the Company. The New Shares will rank pari passu in all respect with the existing Shares of the Company.

Following the issue of the New Shares, the number of issued and paid-up shares of the Company has increased from 860,287,997 to 888,907,585.

The New Shares will be listed and quoted on the Main Board of the Singapore Exchange Securities Trading Limited with effect from 9.00 a.m. on 22 March 2010.

Eligible shareholders who did not elect to participate in the Scrip Dividend Scheme and Overseas Shareholders who did not provide registered addresses in Singapore to B.A.C.S. Private Limited, the Company's share transfer agent, or CDP, as the case may be, will receive all of their respective entitlements to the Final Dividend in cash on 19 March 2010.

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