22 Mar 2018 16:37
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")
22 March 2018
Distribution to Shareholders
Having reviewed the Company's performance in 2017, including the sale of the remaining interest in the Obolon Residences project, the Board of Directors of the Company has decided to make a distribution of USD 7,655,306.05, or USD 0.07 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 3 April 2018, the corresponding ex-distribution date will be 29 March 2018, and the distribution is expected to be paid to shareholders on 17 April 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 |