SINGAPORE, May 22, 2015
/PRNewswire/ -- China Yuchai International Limited (NYSE: CYD)
("China Yuchai" or the "Company") announced today that a dividend
of US$1.10 per share of common stock
for the financial year 2014 has been declared by its Board of
Directors. The dividend payment will be made either wholly in cash
or in new shares of CYI's common stock ("Shares") at the option of
the stockholder.
Stockholders will make an election to receive the dividend
either wholly in cash or in Shares. The number of Shares to be
issued per share of common stock as a result of the dividend
payment will be determined based on the volume weighted average
trading prices of the Company's common stock on the New York Stock
Exchange during the period from June 29 to and including
July 1, 2015. The dividend is payable on July 14, 2015 to
shareholders of record at the close of business on June 5,
2015 with an ex-dividend date of June 3, 2015.
Shareholders who do not make an election will receive the
dividend entirely in cash. CYI will pay fractional shares in cash
which will be determined based on the volume weighted average
trading prices of the Company's common stock on the New York Stock
Exchange during the period from June 29 to and including
July 1, 2015. The Company reserves the right to pay the
dividend entirely in cash.
An election form will be mailed to shareholders of record after
the record date. The properly completed election form to receive
cash or Shares must be received by Computershare,
("Computershare"), the Company's transfer agent before 5.00 p.m. Eastern Standard Time on June 26,
2015. All completed election forms should be sent to Computershare
at P.O. BOX 30170, College Station,
TX 77842-3170. Overnight correspondence should be sent to
Computershare at 211 Quality Circle, Suite 210, College Station, TX 77845.
Registered shareholders with questions regarding the dividend
election may call Computershare at 1-800-522-6645 within
the United States or
1-201-680-6578 outside the United
States and Canada.
Shareholders who hold their Shares through a bank, broker or
nominee, and have questions regarding the dividend election should
contact such bank, broker or nominee who will also be responsible
for distributing to them the election form and submitting the
completed form on their behalf to Computershare.
The payment of any future dividends, including elective
dividends payable in cash or shares, will be entirely at the
discretion of the Board of Directors and will be dependent upon
China Yuchai's financial position, results of operations, available
cash, cash flow, capital requirements and other factors deemed
relevant by the Board of Directors.
About China Yuchai International
China Yuchai International Limited, through its subsidiary,
Guangxi Yuchai Machinery Company Limited ("GYMCL"), engages in the
manufacture, assembly, and sale of a wide variety of light-,
medium- and heavy-duty engines for trucks, buses, passenger
vehicles, construction equipment, marine and agriculture
applications in China. GYMCL also
produces diesel power generators. The engines produced by GYMCL
range from diesel to natural gas and hybrid engines. Through its
regional sales offices and authorized customer service centers, the
Company distributes its engines directly to auto OEMs and retailers
and provides maintenance and retrofitting services throughout
China. Founded in 1951, GYMCL has
established a reputable brand name, strong research and development
team and significant market share in China with high-quality products and reliable
after-sales support. In 2014, GYMCL sold 483,825 engines and is
recognized as a leading manufacturer and distributor of engines in
China. For more information,
please visit http://www.cyilimited.com.
For more information, please contact:
Kevin Theiss
Grayling
Tel: +1-646-284-9409
Email: cyd@grayling.com
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SOURCE China Yuchai International Limited