Last checked at 26 Apr 2023 15:48
Anglo-Eastern Plantations Plc
("AEP" or the "Company")
Final dividend - determination of US$ Dollar equivalent and Dividend Reinvestment Plan
Further to the announcement made by AEP on 21 April 2023, the Company is announcing further details in respect of the US dollar equivalent and Dividend Reinvestment Plan for the final dividend.
As was announced on 21 April 2023, the Company proposes to pay a final dividend of 25.0cts per share in respect of the year ended 31 December 2022 (2021: 5.0cts). Subject to the approval by shareholders at the Annual General Meeting, the final dividend will be paid on 7 July 2023 to those shareholders on the register on 2 June 2023.
In addition, the Company announced that shareholders can choose to receive dividends in Pounds Sterling and they can do so at the rate ruling on 2 June 2023, being the dividend record date. In the absence of any specific instruction up to the date of closing of the register on 2 June 2023, shareholders with addresses in the UK are deemed to have elected to receive their dividends in Sterling and those with addresses outside of UK in US Dollar. Today the Company announces that based on the exchange rate at 17 April 2023 of $1.24/£, the proposed dividend is equivalent to 20.2p (2021: 3.9p). The last day to elect to receive or revoke a currency election is 16 June 2023.
AEP operates a dividend re-investment plan ("DRIP"). Holders of shares may elect to reinvest their final dividend. The latest election date is 16 June 2023.
Please note, if a holder makes a partial DRIP election for shares, then the dividend for the remaining shares will be paid in Pound Sterling.
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For further enquiries, contact:
Anglo-Eastern Plantations Plc
Dato' John Lim Ewe Chuan +44 (0)20 7216 4621
Panmure Gordon (UK) Limited
Dominic Morley +44 (0)20 7886 2954