Chagala Group Limited Dividend Declaration (5299Y)

TIDMCGLO

RNS Number : 5299Y

Chagala Group Limited

22 August 2018

Chagala Group Limited

22 August 2018

Dividend Declaration

Chagala Group Limited (LSE:CGLO) (the "Company" or "Chagala" and, together with its subsidiaries, the "Group") is an investor in specialist services and facilities provider to the oil and gas industry in Kazakhstan with its Ordinary Shares (ISIN: VG1574371129) admitted to trading on the London Stock Exchange's Main Market.

The directors of the Company have declared a dividend of US$0.025 per Ordinary Share for the financial year ended 31 December 2017.

This dividend will be payable on or around 17 September 2018 to holders of record on 31 August 2018. The corresponding ex-dividend date will be 30 August 2018.

On the basis of the preliminary settlement agreement referred to in the Company's announcement dated 26 June 2018, this dividend will be paid to all holders of record of the Ordinary Shares on the record date notwithstanding that certain of the Ordinary Shares continue to have the status of "Default Shares" under Regulation 13.8 of the Company's articles of association.

For more information:

 
Francisco Parrilla, Chief Executive 
Chagala Group Limited                 + 7 (727) 355 04 84 
 

Chagala Group

Chagala invests in service companies focused on providing long and short-term accommodation solutions to domestic and international oil and gas companies developing Kazakhstan's largest hydrocarbon discoveries. With investments in hotels, guest houses, serviced apartments, remote site facilities, restaurants and offices, Chagala is well positioned to capitalize on the oil and gas contribution being made in Kazakhstan.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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August 22, 2018 03:00 ET (07:00 GMT)