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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Cape Lambert | LSE:CLIO | London | Ordinary Share | AU000000CFE0 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 12.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number : 3196G Cape Lambert Iron Ore Limited 21 October 2008 21 October 2008 CAPE LAMBERT IRON ORE LIMITED Cape Lambert Honours Commitment and Confirms AUD$ 100M Shareholder Return Australian based iron ore company Cape Lambert Iron Ore Limited ("Cape Lambert" or the "Company") (ASX: CFE, AIM: CLIO) has honoured a commitment made by the Company and approved by shareholders on 28 July 2008, finalising the key terms of the AUD$100M return of capital and dividend payment. At the record date for the return of capital and dividend (20 October 2008) a total of 462,295,975 CFE Ordinary Shares were on issue and eligible for the return of capital and dividend payment. As such, the total payment to be made is approximately AUD$0.217 per share and comprises: * return of capital 31.25%, being $0.068 per share; and * unfranked dividend 68.75%, being $0.149 per share. The return of capital and dividend payment will be issued and dispatched to shareholders on 31 October 2008. Cape Lambert Chairman Tony Sage believes that despite the global financial uncertainty it was important for the Company to honour the commitment made to shareholders. "At this time of turmoil in global financial markets, it is extremely pleasing that decisions taken by the Board have delivered such a significant cash return to shareholders." "The sale of the Company's flagship asset, to MCC Mining (Western Australia Pty Ltd), a wholly owned subsidiary of Chinese company China Metallurgical Group Corporation, has positioned Cape Lambert with significant cash reserves which provide the foundation for the Company's future growth. "Mr Sage said. For more information please contact: Cape Lambert Iron Ore Limited: Tony Sage +61 (0)8 93809555 Australian Enquiries: Professional Public Relations David Tasker +61 (0)8 9388 0944 UK Enquiries: Nominated Adviser: Grant Thornton UK LLP +44 (0)20 7383 5100 Fiona Owen AIM Broker: Collins Stewart Europe Limited Adrian Hadden +44 (0)20 7523 8353 Oliver Quarmby +44 (0)20 7523 8354 Conduit PR Jos Simson +44 (0)20 7429 6603 Jane Stacy +44 (0)20 7429 6606 Website: www.capelam.com.au This information is provided by RNS The company news service from the London Stock Exchange END MSCBGBDGDGDGGIB
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