Oakley Capital Investments Limited Dividend Announcement (0205S)

TIDMOCL

RNS Number : 0205S

Oakley Capital Investments Limited

16 December 2016

16 December 2016

Oakley Capital Investments Limited

Dividend Announcement

The Board of Oakley Capital Investments Limited (AIM: OCL; the "Company")(1) is pleased to declare the Company's maiden dividend of 4.5 pence per share in respect of the 2016 financial year.

The dividend will be paid on 30 January 2017 to shareholders registered on 30 December 2016. The ex-dividend date is 29 December 2016.

Thereafter the Board will adopt a dividend policy which takes into account the profitability and underlying performance of the Company in addition to capital requirements, cash flows and distributable reserves. Subject to any unforeseen circumstances, the Board intends to maintain a 4.5 pence per share for the 2017 financial year, paying 2.25 pence per share semi-annually following the publication of half yearly reports as of 30 June and 31 December.

The decision to introduce a dividend is based on the consistent income generated from co-investments and increased cash returns from exits. The Company has experienced strong NAV growth in 2016 due to growth in the underlying portfolio companies. The 30 June 2016 NAV of GBP2.15 per share represented an 18% uplift year on year and a 24% uplift if adjusted on a constant currency basis to 226p to take into account the partial disposal of Parship in October and potential disposal of Host Europe Group to GoDaddy Inc. announced on 7 December.

A pre close trading update will be provided to shareholders at the end of January.

Note: This announcement contains inside information.

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 For further information please 
  contact: 
 
 Oakley Capital Investments Limited    [phone] 
 Peter Dubens (Director) 
 
 FTI Consulting LLP                    [phone] 
 Edward Bridges / Stephanie Ellis 
 
 Liberum Capital Limited (Nominated 
  Adviser & Broker)                    [phone] 
 Steve Pearce / Steven Tredget 
 

(1) About Oakley Capital Investments Limited ("OCL")

Oakley Capital Investments Limited is a Bermudian company listed on AIM. OCL seeks to provide investors with long term capital appreciation through its investments in Oakley Capital Private Equity L.P., Oakley Capital Private Equity II, Oakley Capital Private Equity III and, through co-investment opportunities.

This information is provided by RNS

The company news service from the London Stock Exchange

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December 16, 2016 02:00 ET (07:00 GMT)