17 Aug 2009 12:53
DAEJAN HOLDINGS PLC
INTERIM MANAGEMENT STATEMENT
Daejan Holdings PLC (the Company) presents its interim management statement for the period ending 30 June 2009 as required by the UK Listing Authority's Disclosure and Transparency Rule 4.3.
The Company published its Annual Report on 23 July 2009 for the full year to 31 March 2009. This interim management statement summarises any further relevant information for the first quarter of the current financial year from 1 April to 30 June.
Net Rental Income in the period in both the UK and USA is in line with our expectations. Sales of properties are rarely evenly spaced throughout the year and this year is no exception with no significant sales of property to report in the first quarter.
The redevelopment of commercial office properties in Worship Street in the City of London and Great Marlborough Street in the West End are now complete and are subject to marketing.
As previously reported a final dividend for the year ended 31 March 2009 has been proposed for payment on 6 November 2009 subject to approval at the Annual General Meeting which will be held on Friday 11 September 2009. To qualify for the dividend shareholders must be on the register on 9 October 2009.
Other than the matters described above the Board is not aware of any material events during the period from 1 April to the date of this statement which would have a material impact on the financial position of the Company.
For further information call:
| Mark Jenner |
| Company Secretary |
| Daejan Holdings PLC |
| 020 7836 1555 |
| Terry Garrett |
| Weber Shandwick Financial |
| 020 7067 0700 |