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SOCO unveils 40p/share shareholder return
Thu, 29th Aug 2013 06:28
LONDON, Aug 29 (Reuters) - Soco International, theoil exploration and production company focused in west Africaand Vietnam, unveiled its promised first payout to shareholderson Thursday.
Reporting record production for a third succesive half-year,the company said it would pay 40 pence per share to shareholdersby means of a share scheme and would target a future shareholderreturn of 50 percent of free cash flow.
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