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Thursday
Aug 21st
Sector News > Technology > Cash and Stock Dividends to be Paid

04

Jul

Cash and Stock Dividends to be Paid Print E-mail

(000063) ZTE CORPORATION

The company plans to pay a cash dividend of RMB 2.50 (taxes included) and to allot a stock dividend of 4 shares from its capital reserve for every 10 shares held, based upon 959,521,650 total shares outstanding, of which there are 799,370,610 A-shares and 160,151,040 H-shares. A total of RMB 239.88 mln will thus be distributed.
Following the dividend payment, the company’s total shares outstanding will have increased from 959,521,650 to 1,343,330,310 shares, of which 369,586,746 will be restricted, accounting for 27.51%, and 973,743,564 will be tradeable, accounting for 72.49%. Based upon the new total shares outstanding, the company’s 2007 EPS will be diluted to RMB 0.93.
Information for holders of A-shares:
Record date: 9 Jul 2008
Ex-dividend and ex-right date: 10 Jul 2008
Listing and trading date for newly-issued tradeable shares: 10 Jul 2008
Cash dividend payable: 10 Jul 2008
The scheme related to this issue was examined and approved at the 2007 Annual General Meeting of Shareholders, held on 27 May 2008.
Board of Directors
4 Jul 2008
Source: Securities Times
Date: 4 Jul 2008
CN01/MR/JL/BT/MM

Newsnchina.com
 
 

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