Last checked at 24 Apr 2019 14:01
Anglo-Eastern Plantations Plc
("AEP" or the "Company")
Final dividend - determination of US$ Dollar equivalent and Dividend Reinvestment Plan
Further to the announcement released on 24 April 2019 by Anglo-Eastern Plantations Plc, the Company proposes to pay a final dividend of 3.0cts per share in respect of the year ended 31 December 2018 (2017: 4.0cts). Subject to the approval by shareholders at the Annual General Meeting, the final dividend will be paid on 12 July 2019 to those shareholders on the register on 7 June 2019.
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 7 June 2019, being the dividend record date. In the absence of any specific instruction up to the date of closing of the register on 7 June 2019, 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. Based on the exchange rate at 17 April 2019 of $1.30/£, the proposed dividend would be equivalent to 2.3p (2017: 2.8p). The last day to elect to receive or revoke a currency election is 17 June 2019.
The Company operates a dividend re-investment plan ("DRIP"). Holders of shares may elect to reinvest their final dividend*. The latest election date is 17 June 2019.
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
* Any holder wishing to participate in the Dividend Reinvestment Plan or wanting to change their previous election should contact the Plan Administrator on 0371 664 0381. Calls to this number cost 12p per minute plus any network extras.