New Europe Property Investments PLC: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
Provider: Wright Reports
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New Europe Property Investments plc Announces Dividend for Six Months Ended December 31, 2012 and Issue of Equity
New Europe Property Investments plc (NEPI) announced that its Board has declared a final distribution of EUR 0.1205 per share in respect of the six months ended December 31, 2012 and that its Board has resolved to offer to shareholders the election to receive a return of capital by way of an issue of 2.774 new NEPI shares for every 100 NEPI shares held on the relevant record date, being March 28, 2013 at an issue price of EUR 4.43 per share or a cash dividend of EUR 0.1205 per share. A cash dividend will be paid to shareholders unless shareholders elect to receive a return of capital. The rationale for the return of capital is to afford shareholders the opportunity to increase their shareholding in NEPI and to retain flexibility with regard to the Company’s cash resources. The cash dividend will be paid out of the Company’s distributable profits. The new NEPI shares to be issued pursuant to the return of capital will be funded by way of a reduction of capital. As at the date of the present announcement, the Company had 144,362,152 ordinary shares of EUR 0.01 each in issue.
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