16 Jan 2020 07:00
16 January 2020
Allied Minds plc
(the "Company")
Special Dividend Declaration
Allied Minds plc (LSE: ALM), the IP commercialisation company focused on early stage company development within the technology sector, announces that, in line with the Company's announcement on 11 December 2019, it will return $40.0 million of the proceeds from the disposal of HawkEye 360 to shareholders.
The Board is pleased to declare a special dividend of 12.62 pence per ordinary share (the "Special Dividend") totalling £30.49 million. The Special Dividend will be paid on 14 February 2020 to holders of ordinary shares recorded on the register as at the close of business on 24 January 2020. The ordinary shares will go ex-dividend on 23 January 2020. The Special Dividend will be paid in cash.
For more information, please contact:
Allied Minds plc | +1 617 419 1800 |
Joseph Pignato | IR@alliedminds.com |
Michael Turner | |
Instinctif | +44 20 7457 2020 |
Kay Larsen, Chantal Woolcock |
About Allied Minds
Allied Minds plc is an IP commercialisation company focused on early stage company development within the technology sector. With origination relationships that span US federal laboratories, universities, and leading US corporations, Allied Minds historically created, and now operates and funds, a portfolio of companies to generate long-term value for its investors and stakeholders. Based in Boston, Allied Minds supports its businesses with capital, management, expertise and shared services. For more information, please visit www.alliedminds.com.
Allied Minds Forward-Looking Statement
This press release contains statements that are or may be forward-looking statements, including statements that relate to Allied Minds' future prospects, developments and strategies. The forward-looking statements are based on current expectations and are subject to known and unknown risks and uncertainties that could cause actual results, performance and achievements to differ materially from current expectations, including, but not limited to, those risks and uncertainties described in the risk factors included in Allied Minds' regulatory filings. These forward-looking statements are based on assumptions regarding the present and future business strategies of Allied Minds and the environment in which it will operate in the future. Each forward-looking statement speaks only as at the date of this press release. Except as required by law, regulatory requirement, the Listing Rules and the Disclosure Guidance and Transparency Rules, neither Allied Minds nor any other party intends to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.
This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014.
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