BEIJING, Nov. 16, 2011 /PRNewswire-Asia-FirstCall/ --
China Distance Education Holdings Limited (NYSE: DL) ("CDEL", or
the "Company"), a leading provider of online education in
China focusing on professional
education, today announced that its Board of Directors has approved
and declared a special cash dividend of US$0.12 per ordinary share on its outstanding
shares to shareholders of record as of the close of trading on
December 15, 2011.
Holders of American Depositary Shares ("ADS"), each representing
four ordinary shares of CDEL, are accordingly entitled to the cash
dividend of US$0.48 per ADS. The
depository, Deutsche Bank Trust Company Americas, will charge a fee
of US$0.02 per ADS when the dividends
are distributed on or about December 25,
2011.
"CDEL completed the fourth quarter of fiscal year 2011 with cash
balance of US$60.3 million from
continuing operations on its balance sheet. In light of our strong
cash position and other relevant factors, we have decided to return
a total of approximately US$15.3
million in special dividends to our shareholders," said Mr.
Zhengdong Zhu, Chairman and Chief
Executive Officer of CDEL. "Such dividend distribution continues to
reflect our ongoing commitment to maintaining a healthy cash
balance while returning value to shareholders."
About China Distance Education Holdings Limited
China Distance Education Holdings Limited is a leading provider
of online education in China
focusing on professional education. The courses offered by the
Company through its websites are designed to help professionals and
other course participants obtain and maintain the skills, licenses
and certifications necessary to pursue careers in China in the areas of accounting, law,
healthcare, construction engineering, and other industries. The
Company also offers online test preparation courses to self-taught
learners pursuing higher education diplomas or degrees and to
secondary school and college students preparing for various
academic and entrance exams. In addition, the Company offers online
foreign language courses, offline GaoKao retake courses and offline
business start-up training courses.
Safe Harbor Statement under the Private Securities
Litigation Reform Act of 1995
This press release contains certain "forward-looking statements"
within the meaning of federal securities laws. All statements,
other than statements of historical facts, included herein are
"forward-looking statements" including, among other things, the
Company's projected cash balance and its growth prospects. The
expectations reflected in these forward-looking statements involve
significant assumptions, risks and uncertainties, and these
expectations may prove to be incorrect. Investors should not place
undue reliance on these forward-looking statements, which speak
only as of the date of this press release. The Company's actual
results could differ materially from those anticipated in these
forward-looking statements as a result of a variety of factors, in
addition to those results discussed in the Company's periodic
reports that are filed or furnished with and available from the
Securities and Exchange Commission. All forward-looking statements
attributable to the Company or persons acting on its behalf are
expressly qualified in their entirety by these factors. Other than
as required under the securities laws, the Company does not assume
a duty to update these forward-looking statements.
Contacts:
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China Distance Education
Holdings Limited
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Investor Relations
(HK):
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Lingling Kong, IR
manager
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Mahmoud Siddig, Managing
Director
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Tel: +86-10-8231-9999
ext1805
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Taylor Rafferty
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Email: IR@cdeledu.com
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Tel: +852 3196
3712
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Email: cdel@taylor-rafferty.com
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SOURCE China Distance Education Holdings Limited