Change in Currency

RNS Number : 7924N

Green Dragon Gas Ltd

03 October 2012

 



3 October 2012

GREEN DRAGON GAS LTD

("Green Dragon" or "the Company")

Change in share trading currency

Green Dragon Gas Ltd. (AIM: GDG), one of the largest independent companies involved in the production of CBM gas and the distribution and sale of wholesale gas in China, announces that as of 8:00 a.m. on 8 October 2012, the currency in which the Company's ordinary shares of US$0.0001 each (the "Ordinary Shares") trade on AIM will change from US Dollars to Sterling.  Shareholders should note that the nominal value of the Ordinary Shares, being US$0.0001 each, will not be affected by this change.  However from 8:00 a.m. on 8 October 2012, trades on AIM in the Company's Ordinary Shares will be settled in Sterling.

Commenting, Randeep S. Grewal, Chairman and CEO of Green Dragon Gas said:

"We are happy to respond to requests from a number of investors and brokers by changing the currency in which Green Dragon Gas shares are traded on AIM to Sterling.  We believe that this will simplify the settlement of trades in the Company's shares and help improve liquidity."

For further information on the Company and its activities, please refer to the website at www.greendragongas.com or contact:

Stephen Hill, VP Corporate Communications Green Dragon Gas	[phone]
Dr Azhic Basirov / David Jones Smith & Williamson - Nomad and Broker	[phone]
Jeffrey Auld / Steve Baldwin Macquarie Capital (Europe) - Broker	[phone]
Richard Crichton / Andy Crossley Peel Hunt - Broker	[phone]
James Henderson / Phillip Dennis Pelham Bell Pottinger - Investor Relations	[phone]
Robyn Joseph Kreab Gavin Anderson - Public Relations	[phone]

 

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