28 Jan 2015 07:00
TERRA CAPITAL PLC
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28 January 2015
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Dividend Declaration
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In accordance with the Board's previously announced dividend policy, the Board announces that the dividend for fiscal 2014 will be 3.72 cents per share. This is calculated as 80% of the value of the cash and stock dividends received from its investments during the fiscal yearÂ
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Based on the announced unaudited Net Asset Value at 31 December 2014 of US$0.979 ("NAV"), this represents a yield on NAV of 3.8% and based on the closing sales midpoint of the Company's shares on January 27 2015 represents a dividend yield of 4.35%.
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The dividend will be paid on 27 February 2015 to ordinary shareholders on the register as at 6 February 2015 (the "Record Date"). The corresponding ex-dividend date will be 5 February 2015.
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- ENDS -
Enquiries
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For more information, please visit www.terracapitalplc.com or contact:
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Galileo Fund Services Limited (Administrator)
David Parnell
+44 1624 692600
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Panmure Gordon (UK) Limited (Nominated adviser and corporate broker)
Paul Fincham or Jonathan Becher
+44 20 7886 2500
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Terra Capital plc.
Ian Dungate, Director
+44 1624 692600