to all2 Mar 2011 15:30
RNS : 21 Feb 2011
"The Board of Directors (the "Board") of the Company is pleased to announce that it is currently intending to make a distribution of 30.9p per share, equivalent to approximately
£65 million, to shareholders (the "Distribution"). The Distribution will be financed from the distributable reserve created by the cancellation of share premium account that took place shortly after the Company was admitted to AIM in 2006. It is intended that the Distribution will be paid on 9th March 2011 to shareholders recorded on the register on 4th March 2011. The shares will be marked ex on 2nd March 2011."
What does it mean in practice?
Could somebody help me please?