27 Apr 2018 11:37
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No. 596/2014.
Dragon-Ukrainian Properties & Development PLC
("DUPD" or the "Company")
27 April 2018
Distribution to Shareholders
The Company is pleased to announce receipt of the final payment of USD 2 million from the sale of the remaining interest in the Obolon Residences project. In addition, the Company is pleased to announce the conversion of the sale proceeds of the Rivne land plot from Hryvnia into US Dollars (previously announced on 22 September 2016).
As a result, the board of directors of the Company has decided to make a distribution of USD 2,187,230.30, or USD 0.02 per ordinary share, to its shareholders. This decision is in accordance with Company's Investing Policy, which states that surplus capital will be returned to shareholders and is made under Article 127 of Company's Articles of Association.
The relevant record date for the distribution will be 11 May 2018, the corresponding ex-distribution date will be 10 May 2018, and the distribution is expected to be paid to shareholders on 16 May 2018.
For further information, please contact:
Dragon Ukrainian Properties & Development Plc (www.dragon-upd.com) | |
Mark Iwashko (Chairman) | +380 (50) 381 8811 |
DCM Limited (Investment Manager) | |
Volodymyr Tymochko | +380 44 490 7120 |
Panmure Gordon (UK) Limited | |
Richard Gray / Andrew Potts | +44 (0)20 7886 2500 |