10% DIVI10 Apr 2015 08:56
Very nice - hence 10% up pre market
Net cash proceeds from the Disposal are expected to be at least £11.3 million or approximately 10 pence per OMG share, compared to the closing price per OMG share of 41 pence on 9th April 2015.
On account of OMG's already healthy net cash position, the Group will return a significant portion of the net cash proceeds to shareholders via a special dividend. A sum of £5.1m, representing 45% of the net cash proceeds will be used to pay a special dividend of 4.5 pence per share. This will be paid on 15th May 2015, following an ex-dividend date of 23rd April 2015 to all shareholders on the register on 24th April 2015.