TIDMAFG

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 Foods Group 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         Tel: +44 (0) 20 3470 0470 
  Facey                                  www.spangel.co.uk

Media enquiries:

 
 Abchurch Communications             Tel: +44 (0) 20 7398 7700 
  Limited 
 Julian Bosdet / Canace Wong/           www.abchurch-group.com 
  Nessyah Hart 
                                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

END

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August 16, 2016 06:36 ET (10:36 GMT)

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