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Altamir Amboise Sca Proposes FY 2012 Dividend and Name Change; Implements New Dividend Policy


Thursday, 7 Mar 2013 02:30am EST 

Altamir Amboise Sca announced that at Shareholders' Meeting of April 18, 2013, the Supervisory Board will propose a dividend of EUR 0.41 per share for limited partners (holders of ordinary shares), thus doubling the dividend of EUR 0.20 per share paid last year. Altamir Amboise Sca shares will trade ex-dividend on May 13, 2013, and a cash dividend will be paid on May 16, 2013. In keeping with the commitment made by the Manager at the Annual General Meeting held on March 29, 2012, a study was conducted by an investment bank regarding shareholder remuneration in order to recommend a new policy to the Supervisory Board. As a result of the study, Altamir Amboise Sca's Supervisory Board has decided to implement a new dividend policy with the objective of providing a predictable and sustainable cash return, aligned with Altamir Amboise's over-arching goal of net asset value (NAV) growth. The new policy calls for an annual dividend in a range of 2% to 3% of NAV. At the Shareholders' Meeting to be held on April 18, 2013, Altamir Amboise Sca's Manager will propose a resolution to shorten the Company's name to Altamir, as it was known originally (at inception in 1995). If a favorable vote is obtained from shareholders, the name change will go into effect immediately after the AGM. 

Company Quote

11.26
-0.09 -0.79%
22 Jul 2014