Demerger Dividend

RNS Number : 9979N

Green Dragon Gas Ltd

16 September 2013

 



THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER FOR SALE OR AN INVITATION TO SUBSCRIBE FOR, OR THE SOLICITATION OF AN OFFER TO BUY OR SUBSCRIBE FOR, GREKA ENGINEERING SHARES OR GREEN DRAGON SHARES IN ANY JURISDICTION WHERE SUCH AN OFFER OR SOLICITATION IS UNLAWFUL AND, SUBJECT TO CERTAIN EXCEPTIONS, IS NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES, CANADA, JAPAN, AUSTRALIA OR SOUTH AFRICA.  THE GREKA ENGINEERING SHARES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933 (AS AMENDED) OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION OF THE UNITED STATES OR UNDER THE APPLICABLE SECURITIES LAWS OF CANADA, JAPAN, AUSTRALIA OR SOUTH AFRICA AND, SUBJECT TO CERTAIN EXCEPTIONS, MAY NOT BE OFFERED FOR SALE OR SUBSCRIPTION, OR SOLD OR SUBSCRIBED DIRECTLY OR INDIRECTLY, WITHIN THE UNITED STATES, CANADA, JAPAN, AUSTRALIA OR SOUTH AFRICA OR TO OR BY ANY NATIONAL, RESIDENT OR CITIZEN OF SUCH COUNTRIES.

THE DISTRIBUTION OF THIS ANNOUNCEMENT IN CERTAIN JURISDICTIONS MAY BE RESTRICTED BY LAW.  ACCORDINGLY, NEITHER THIS ANNOUNCEMENT NOR ANY ADVERTISEMENT OR ANY OTHER OFFERING MATERIAL MAY BE DISTRIBUTED OR PUBLISHED IN ANY JURISDICTION EXCEPT IN COMPLIANCE WITH ANY APPLICABLE LAWS OR REGULATIONS.  PERSONS OUTSIDE THE UNITED KINGDOM INTO WHOSE POSSESSION THIS ANNOUNCEMENT COMES SHOULD INFORM THEMSELVES ABOUT AND OBSERVE ANY SUCH RESTRICTIONS.  ANY FAILURE TO COMPLY WITH THESE RESTRICTIONS MAY CONSTITUTE A VIOLATION OF THE SECURITIES LAWS OF ANY SUCH JURISDICTIONS.

16 September 2013

GREEN DRAGON GAS LTD

("Green Dragon" or the "Company")

Demerger Dividend

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 the previously announced dividend distribution in specie of shares ("Greka Engineering Shares") in its wholly-owned subsidiary Greka Engineering & Technology Limited ("Greka Engineering") is expected to be paid on 30 September 2013 to ordinary shareholders on the Green Dragon register of shareholders at 5.00 pm on 27 September 2013 ("the Record Time") on the basis of three Greka Engineering Shares for every one Green Dragon ordinary share held at the Record Time.  It is expected that dealings in Greka Engineering Shares on AIM will commence on 30 September 2013.  RFC Ambrian and WH Ireland have been appointed as joint brokers, and Smith & Williamson as nominated adviser, to Greka Engineering.

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

Green Dragon Gas contacts:

Stephen Hill, VP Corporate Communications Green Dragon Gas	[phone]
Dr Azhic Basirov / David Jones Smith & Williamson Nominated Adviser & Broker	[phone]
Steve Baldwin / Nicholas Harland Macquarie Capital (Europe) Limited Broker	[phone]
Richard Crichton / Andy Crossley Peel Hunt Broker	[phone]
James Henderson / Phillip Dennis Pelham Bell Pottinger Investor Relations	[phone]

For further information on Greka Engineering and its activities, please contact the following:

Greka Engineering contacts:

Dr Azhic Basirov / David Jones Smith & Williamson Nominated Adviser	[phone]
Sarah Wharry RFC Ambrian Broker	[phone]
Tim Feather WH Ireland Broker	[phone]
Paul McManus Walbrook Investor Relations	+ 44 20 7933 8780

 

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