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AFG - Aquatic Foods News Story

12.5p 0.0  0.0%

Last Trade - 28/06/17

Sector
Consumer Defensives
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £105.8m
Position in Universe th / 1819

Aquatic Foods Group - Dividend Payment Delay

Tue 16th August, 2016 11:36am
RNS Number : 3142H
Aquatic Foods Group PLC
16 August 2016

Press Release

16 August 2016

Aquatic Foods Group Plc

("Aquatic Foods" or the "Group" or the "Company")

Dividend Payment Delay

Aquatic Foods Group Plc (AIM: AFG) regrets to announce that because of a technical administrative delay, the final dividend of 0.7p per share, which was due to be paid on or around 12 August 2016, is now expected to be paid by 24 August 2016.

The record date of 29 July 2016 and ex-dividend date of 28 July 2016 will still apply to the delayed payments and the Company sincerely apologises for any inconvenience which the delay may cause to shareholders.

For further information:

Aquatic FoodsGroup Plc

Tel: +44 (0) 77 0681 4895

Po Ling Low

pllow@kanwa.cn

SP Angel Corporate Finance LLP

Nominated Adviser and Broker

Stuart Gledhill / David Facey

Tel: +44 (0) 20 3470 0470

www.spangel.co.uk

Media enquiries:

Abchurch Communications Limited

Tel: +44 (0) 20 7398 7700

Julian Bosdet / Canace Wong/ Nessyah Hart

www.abchurch-group.com

AquaticFoods@abchurchgroup.com

Notes to Editors:

Aquatic Foods Group is a leading marine foods and seafood processor and supplier based in China. The Group initially built its business through focusing on the export market (principally to Japan under the "Kanwa Foods" brand), and subsequently established the "Zhenhaitang" brand in 2007 in mainland China to take advantage of the burgeoning domestic market, driven by growing disposable income within the Chinese middle-classes and a more health conscious consumer base.

The Group benefits from excellent food safety procedures developed over many years which have helped the Group to build a strong track record of supplying its products into overseas markets. This track record has enhanced the perception of the quality and reliability of the Group's products in China and has allowed the Group to expand significantly into local markets as demand for seafood products has increased. In a market that has seen regular public health scares relating to food safety, the Group considers its adherence to these standards to be a key strength. The Group has achieved compliance to the following key standards:

- ISO 9001 Quality Management System certification

- HACCP Food Safety System certification

- BRC certification; and

- Marine Stewardship Council certification.

Aquatic Foods works with a network of distributors to effectively market its products in China. The Group has continued to grow its distributor relationships and now distributes its products in 16 provinces, municipalities and autonomous regions in China through 50 regional distributors. These distributors in turn sell the Group's products to sub-distributors and retailers, including supermarket chains and hypermarkets.

Further information can be viewed at www.aquatic-foods.com.

- Ends -


This information is provided by RNS
The company news service from the London Stock Exchange
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