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16 Apr 2014 16:05
16 April 2014
Dragon Oil plc ("Dragon Oil" or the "Company")
Notice of dividend currency exchange rates - 2013 final dividend
On 18 February 2014, Dragon Oil announced a 2013 final dividend of 18 US cents per share. Shareholders (other than shareholders holding their shares within CREST) with registered addresses in the UK are to be paid their dividends in pounds sterling. Those with registered addresses in European countries, which have adopted the euro, are to be paid in euro. Shareholders with registered addresses in all other countries are to be paid in US dollars.
Shareholders were, however, given the option to elect to be paid their dividends in a currency other than their default currency, and were given a choice of US dollars, euro or pounds sterling, provided such election was received by the Company's registrars by 4 April 2014.
The exchange rate for the pound sterling or euro amounts payable was determined by reference to the exchange rates applicable to the US dollar on the closest practicable date, being 16 April 2014, to the dividend payment date.
The following table details the currency exchange rates applicable for the 2013 final dividend:
Dividend: 18 US cents per share
Exchange Rates:
1 USD = 0.7223 EUR
1 USD = 0.5970 GBP
The final dividend of 18 US cents is subject to shareholder approval at the Annual General Meeting to be held in London, UK on 23 April 2014. If approved, the final dividend of 18 US cents is to be paid on 1 May 2014 to shareholders on the register as of 4 April 2014.
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