22 Sep 2014 07:00
DAEJAN HOLDINGS PLC
INTERIM MANAGEMENT STATEMENT
Daejan Holdings PLC (the Company) presents its interim management statement for the period ending 30 June 2014 as required by the UK Listing Authority's Disclosure and Transparency Rule 4.3.
The Company published its Annual Report on 22 July 2014 for the full year to 31 March 2014. This interim management statement summarises any further relevant information for the current financial year to date.
As previously reported, the whole of the refurbished Africa House in Kingsway London WC2 was let to a single tenant in July this year. In addition a contested rent review of the Strand Palace Hotel has recently been resolved. As a result of these two events, there will be a one-off benefit to our rental income in the current half year of some £8 million and a similar increase in the Group's annual rent roll.
Other than these matters Net Rental Income in the period in both the UK and USA is in line with our expectations. There were no significant sales of property in the first quarter.
As previously reported a final dividend for the year ended 31 March 2014 of 47p per share was approved at the Annual General Meeting held on Thursday 11 September 2014. The dividend will be paid on 14 November 2014 to shareholders on the register on 17 October 2014.
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
Nick Oborne
Weber Shandwick
020 7067 0700