Register
Login:
Share:
Email Facebook Twitter

RNS VIDEO: Reabold Resources #RBD raise £6 million and take stake in Danube Petroleum Watch here

EXCLUSIVE: HemoGenyx are creating blood cancer treatments with US$9 billion market potential


Regulatory News


Dividend Declaration

Thu, 7th Dec 2017 16:45


RNS Number : 7423Y
BioPharma Credit PLC
07 December 2017
 

BIOPHARMA CREDIT PLC

 

("BIOPHARMA CREDIT" OR THE "COMPANY")

 

DIVIDEND DECLARATION

 

The Company is pleased to declare an interim dividend in respect of the financial period ending 30 September 2017 of $0.01 per ordinary share, payable on 31 January 2018 to ordinary shareholders on the register as at 15 December 2017. The dividend will be paid as 0.9938 cents per ordinary share as an interest payment and 0.0062 cents per ordinary share as an ordinary dividend. The dividend is in line with the Company's announced initial target yield of 4% per annum.

 

The Company has chosen to designate part of this interim dividend as an interest distribution. Shareholders in receipt of such a dividend will be treated for UK tax purposes as though they have received a payment of interest in respect of the interest distribution element of this dividend. This will result in a reduction in the corporation tax payable by the Company.

 

Link Company Matters Limited

Company Secretary

 

7 December 2017

 

Enquiries:

 

Buchanan

David Rydell/Mark Court/ Jamie Hooper/ Henry Wilson

+44 (0) 20 7466 5000

Biopharmacredit@buchanan.uk.com

 

Notes to Editors:

 

BioPharma Credit PLC is London's only listed specialist investor in debt from the life sciences industry and joined the LSE on 27th March 2017. The Company seeks to provide long-term shareholder returns, principally in the form of sustainable income distributions from exposure to the life sciences industry. The Company seeks to achieve this objective primarily through investments in debt assets secured by royalties or other cash flows derived from the sales of approved life sciences products.

 

LEI: 213800AV55PYXAS7SY24


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


Related Shares:
BioPharma Credit (BPCR)



Back to Regulatory News


Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk




Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.