17 Dec 2009 07:00
| Date: | 17 December 2009 |
| On behalf of: | Carpathian PLC |
| Embargoed until: | 0700hrs |
| Carpathian PLC ("Carpathian" or the "Company") Dividend Payment | |
| In accordance with the intentions set out in the Company's Interim Results released on 28 September 2009, the board of Carpathian is pleased to announce an interim dividend of EUR4.5 cents per share (equivalent to 4 pence per share) in respect of the six months to 30 June 2009. The interim dividend will be paid on 26 January 2010 to shareholders on the register on 29 December 2009. The Ex-dividend date will be 23 December 2009. The dividend will be paid in euros. However if shareholders wish to receive future dividends in sterling they should contact the Registrar whose details are shown below. The Board confirms its continued intention that Carpathian will seek to make a further distribution prior to May 2010, subject to the Board's regular and continuing reviews of the Group's future working capital requirements and the need to ensure compliance with all relevant funding terms including any restrictions on the movement of funds following property realisations. Further announcements in this regard will be made as and when appropriate. | |
| Enquiries: | |
| Carpathian PLC | Via Redleaf Communications |
| Rory Macnamara (Non-executive Chairman) | |
| Carpathian Asset Management Limited | 020 3178 2892 |
| Paul Rogers Balazs Csepregi | ir@carpathianam.com |
| Collins Stewart Europe Limited | 020 7523 8350 |
| Bruce Garrow | |
| Redleaf Communications | 020 7566 6700 |
| Emma Kane Adam Leviton Henry Columbine | carpathian@redleafpr.com |
| IOMA Fund and Investment Management Limited (the "Registrar") | 01624 681250 |
| Philip Scales | philips@iomafim.co.im |
Notes to Editors:
| - | Carpathian was created in 2005 for the purpose of investing in Central and Eastern European commercial real estate |
| - | Carpathian's primary focus is on shopping centres, supermarkets and retail warehousing in several countries in Central and Eastern Europe being currently Croatia, the Czech Republic, Hungary, Poland, Romania, Lithuania and Latvia |
| - | Carpathian was admitted to trading on AIM in July 2005 |
| - | Carpathian Asset Management Limited ("CAM") is the Property Investment Adviser to Carpathian. It is responsible for identifying acquisition targets, managing transactions and portfolios and development activity within Central and Eastern Europe. The Company holds a 50 per cent. interest in CAM, the remaining 50 per cent. is held by UK Real Estate Management Limited (a company wholly owned by Paul Rogers and Massimo Marcovecchio) |
Adams (ADA)