HCL.L Regulatory News (HCL)

18 Mar 2008 07:01

Hellenic Carriers Limited18 March 2008 FOR IMMEDIATE RELEASE Dividend HELLENIC CARRIERS ANNOUNCES DIVIDEND Athens, Greece - Press Release 18 March 2008 Hellenic Carriers Limited, ("Hellenic" or the "Company") (AIM: HCL), aninternational provider of marine transportation services, which owns andoperates a fleet of six drybulk vessels that transport iron ore, grain, steelproducts and minor bulk cargoes, today announced the dates of their dividendpayment for the year ended 31 December 2007. Consistent with dividend policy to distribute minimum 50% of Net Income, theCompany had announced on 12 March 2008 that subject to Shareholder approval, theBoard of Directors of the Company will recommend a final dividend for 2007 of1.10 pence per share or total payout of GBP 501,785.36. The final dividendpayment is expected to be approved by the AGM to be held in Athens on Wednesday,21 May 2008 at 11:00 a.m. and will then be payable on 23 May 2008 toshareholders on record as of 25 April 2008. The ex-dividend date will be 23April 2008. For further information please contact: Hellenic Carriers LimitedFotini Karamanlis, Chief Executive OfficerE-mail: info@hellenic-carriers.com +30 210 455 8900 Jefferies International LimitedNick Davies +44 20 7029 8000Schuyler Evans Capital Link Inc.Ramnique Grewal +1 212 661 7566 (New York)Vice President +44 20 7614 2950 (London) E-Mail: helleniccarriers@capitallink.com Further Information - Notes to Editors About Hellenic Carriers Limited Hellenic Carriers Limited owns and operates a fleet of dry bulk vessels thattransport iron ore, coal, grain, steel products, cement, alumina, and other drybulk cargoes worldwide. Its current fleet consists of four vessels, comprisingthree Panamaxes and one Handymax. The Company has also contracted to acquire aSupramax vessel with expected delivery between 1 March and 30 April 2008 and aPanamax vessel with expected delivery between 1 March and May 31 2008. Includingthe new Supramax and Panamax vessels to be delivered, Hellenic's fleet has anaggregate carrying capacity of 372,761 dwt and an average age of 12.9 years asof 29 February 2008. This information is provided by RNS The company news service from the London Stock Exchange