Sign In
Last checked at 
1 Sep 2010 07:00
1 September 2010
Weatherly International Plc ("Weatherly" or the "Company")
Update re: Dividend
As previously announced, Weatherly disposed of its smelter business in March 2010 to Dundee Precious Metals Inc ("Dundee") and received as consideration cash and Dundee common shares ("Dundee Shares"). Weatherly stated that it would distribute such Dundee Shares to holders of Weatherly ordinary shares ("Ordinary Shares"), by way of a dividend in specie, following the redemption of Weatherly's outstanding loan notes and creation of distributable reserves in the Company.
Initial distribution
An initial distribution of Dundee Shares, by way of a dividend in specie, of approximately 0.002 Dundee Shares per Ordinary Share has been declared and shareholders are reminded that this will be paid on 20 September 2010 to shareholders who were on the register at the close of business on 19 March 2010.
Second distribution
A second and final distribution of Dundee Shares, by way of a dividend in specie, of approximately 0.002 Dundee Shares per Ordinary Share will occur on 21 March 2011 to shareholders who were on the register at the close of business on 19 March 2010.
The ex-dividend date for both dividends was 17 March 2010.
Further details of the distributions, including treatment of fractional entitlements, were included in the Company's announcement and circular dated 25 February 2010, which are available on the Company's website at www.weatherlyplc.com.
For further information, please contact:
Max Herbert, Company Secretary, Weatherly International Plc
+44 (0) 20 7917 2989
Richard Greenfield / Jen Boorer, Ambrian Partners Limited
+44 (0) 20 7634 4710
Follow the stocks
