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Regulatory News
New City Energy Ltd : Dividend Declaration
Wed, 19th Dec 2012 08:00
19 December 2012
New City Energy Limited ("NCE")
Increased First Interim Dividend Payment
First interim dividend of 0.41p declared (2011 0.40p)
Including the proposed payment, 7.83p per share paid out in dividends since inception
New City Energy Limited today announces a first interim dividend of 0.41 pence for its financial year ending 30 September 2013, payable on 31 January 2013 to shareholders on the register on 04 January 2013, having an ex-dividend date of 02 January 2013.
This continues the Company's progressive dividend policy.
New City Energy's dividend record since inception is:
| Financial Year | Total dividend | % increase |
| Inception to 30.09.08 | 0.8p | - |
| Year ended 30.09.09 | 1.6p | - |
| Year ended 30.09.10 | 1.6p | - |
| Year ended 30.09.11 | 1.65p | 3.1% |
| Year ended 30.09.12 | 1.77p | 7.3% |
New City Energy Limited is a Jersey closed-end investment company listed on the Channel Island Stock Exchange and traded on the London Stock Exchange SETSqx. The fund primarily invests in energy companies to provide investors with capital growth and also has potential income from companies involved in the exploration or production of oil and gas.
Enquiries:
| Contact | Telephone |
| Adam Cooke - New City Investment Managers | 0207 201 5368 |
| Will Smith - New City Investment Managers | 0207 201 5371 |
| Beth Harris - Newgate Threadneedle | 020 7653 9853 |
Further Information
New City Energy Limited is part of New City Investment Managers a company established in 2004 to provide specialist fund management services for investors. New City is now responsible for 5 investment funds: 4 resource funds and a high yield fund which are managed by a specialist investment team with a wealth of experience across the natural resources and high yield sectors. www.ncim.co.uk
If you would like to receive the monthly factsheet on New City Energy Limited or any of the other New City Investment Managers' funds please email b.harris@newgatethreadneedle.com
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: New City Energy Ltd via Thomson Reuters ONE
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: New City Energy Ltd via Thomson Reuters ONE
HUG#1666091
