Last checked at 22 May 2020 08:22
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 20 May 2020, 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 20 May 2020, the Company proposes to pay a final dividend of 0.5cts per share in respect of the year ended 31 December 2019 (2018: 3.0cts). Subject to the approval by shareholders at the Annual General Meeting, the final dividend will be paid on 17 July 2020 to those shareholders on the register on 12 June 2020.
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 12 June 2020, being the dividend record date. In the absence of any specific instruction up to the date of closing of the register on 12 June 2020, 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 6 May 2020 of $1.24/£, the proposed dividend is equivalent to 0.4p (2018: 2.3p). The last day to elect to receive or revoke a currency election is 17 June 2020.
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 2020.
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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