Key Developments For City Telecom (H.K.) Limited
City Telecom (H.K.) Limited (CTEL.O) (Consolidated Issue listed on NASDAQ Global Market)
City Telecom (H.K.) Limited Announces General Mandates To Issue And Repurchase Shares
City Telecom (H.K.) Limited announced that, at the 2008 annual general meeting of the Company held on December 19, 2008, the Directors were granted the General Mandates to issue and repurchase Shares. Such mandates will lapse at the conclusion of the forthcoming AGM. Therefore, at the AGM, ordinary resolutions will be proposed: to grant to the Directors the Issue Mandate to exercise the powers of the Company to allot, issue and otherwise deal with additional Shares up to a maximum of 20% of the aggregate nominal share capital of the Company in issue as at the date of the passing of such resolution; to grant to the Directors the Repurchase Mandate to enable them to repurchase Shares up to a maximum of 10% of the issued share capital of the Company as at the date of the passing of such resolution.
City Telecom (H.K.) Limited Comments On FY 2010 Guidance-Conference Call
City Telecom (H.K.) Limited announced that for fiscal 2010, it expects mild revenue growth and EBITDA to be flat.
City Telecom (H.K.) Limited Declares Final Dividend
City Telecom (H.K.) Limited announced that the Board is recommending a final dividend of HKD0.16 per ordinary share (fiscal 2008: HKD0.02 per ordinary share) and this will bring the total dividend in respect of fiscal 2009 to HKD0.19 per ordinary share (fiscal 2008: HKD0.06 per ordinary share), an increase of 216.7% over fiscal 2008. The final dividend will be distributed on or about December 30, 2009 to the shareholders whose names appear on the register of members of the Company as at the close of business on December 18, 2009.
City Telecom (H.K.) Limited Comments On FY 2009 Earnings Outlook
City Telecom (H.K.) Limited announced that for fiscal 2009, it expects that the turnover may increase by more than 10%, EBITDA may increase by more than 30% and the profit attributable to shareholders may increase by more than 50% compared with the corresponding period as disclosed in the 2008 annual report.
City Telecom (H.K.) Limited Recommends Interim Dividend
City Telecom (H.K.) Limited announced that it has recommended to pay an interim dividend of HK3 cents per ordinary share in cash for the six months ended February 28, 2009 (for the six months ended February 28, 2008: HK4 cents per ordinary share with a scrip dividend option). The interim dividend will be distributed on or about June 26, 2009 to shareholders whose names appear on the register of members of the Company as at the close of business on June 16, 2009.
