29 Jan 2016 10:50
Dragon-Ukrainian Properties & Development PLC
("DUPD" or the "Company")
29 January 2016
Distribution to Shareholders
Having reviewed the Company's performance in 2015, including the successful sale of the right to develop the 2nd phase of the Obolon Residence project for USD 5 million and further sales in Sadok Vyshnevy residential project, and having re-assessed the Company's working capital needs going forward the Board of Directors of the Company has decided to make a distribution of USD 6,014,883.33, or USD 0.055 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 12 February 2016, the corresponding ex-distribution date will be 11 February 2016, and the distribution is expected to be paid to shareholders on 26 February 2016.
For further information, please contact:
Dragon Ukrainian Properties & Development Plc (www.dragon-upd.com) | |
Tomas Fiala | +380 44 490 7120 |
DCM Limited (Investment Manager) | |
Eugene Baranov / Volodymyr Tymochko | +380 44 490 7120 |
Panmure Gordon (UK) Limited | |
Richard Gray / Andrew Potts | +44 (0)20 7886 2500 |