Digital Globe Services Limited Interim Dividend (7610R)

TIDMDGS

RNS Number : 7610R

Digital Globe Services Limited

11 March 2016

11 March 2016

Digital Globe Services, Ltd.

(the "Company" and together with its subsidiaries "DGS")

Interim Dividend

Digital Globe Services, Ltd. (AIM: DGS), a leading provider of digital marketing solutions for large, consumer-facing organisations, is pleased to announce the dividend timetable for the interim dividend, announced at the time of its interim results, of US$0.026 per share which is approximately US$700,000 in the aggregate.

As announced at the time of interim results on 10 March 2016, DGS continues to produce strong cash flows from operations. Following due deliberation of recurring cash flow from operations and investment in the growth of the business, the Board approved an interim dividend payment of $0.026 per dividend ranking share of 27,553,570 common shares as at the last practical date prior to this announcement (10 March 2016), being 29,926,472 common shares and excluding the 2,238,237 common shares currently held in the ESOP Trust and the 44,665 Treasury Shares, which do not rank for dividend.

The dividend timetable is as follows:

   Ex-Dividend Date:          17 March 2016 
   Record Date:                 18 March 2016 
   Payment Date:              5 April 2016 

The number of shares which rank for dividend at the record date will be reconfirmed if changed by the record date.

The interim dividend payment is in line with the Company's dividend policy to endeavor to pay dividends twice annually reflecting the Company's cash generation and subject to the Company's bye-laws, business requirements and appropriate reserves accounting for investment in the Company's growth.

For further information please contact:

 
Digital Globe Services, Ltd.                  www.dgsworld.com 
Jeff Cox, CEO                                [phone] 
 
 
Panmure Gordon (UK) Limited 
Fred Walsh / Karri Vuori / James Greenwood    [phone] 
 
Alma PR                                      [phone] 
 Hilary Buchanan / Josh Royston               [phone] 
 
 
 

Overview of DGS

Founded in 2008 with offices in London, Bermuda, Netherlands, USA and Ireland, DGS is a specialist provider of outsourced online customer, lead, and inquiry acquisition and digital media solutions for large, consumer-facing corporations. DGS delivers customers to its clients through optimised paid search, search engine optimization, mobile, integrated websites, e-mail, social media and contact centre support.

DGS is seeking to establish itself as the leading international provider of outsourced online customer, lead and inquiry acquisition, services, through its focus on having the premier technology platform in the industry. By using its optimising technology platform, dgSMART, and its experience of website management and digital media customer acquisition, efficient contact centre operations and other process expertise, DGS is able to acquire customers and achieve conversion rates that deliver profitable, high quality customers and valuable leads and inquiries to its clients.

DGS employs over 700 staff in Europe, North America and Asia. The Company currently has over 100 direct and indirect client relationships globally, many of which are with companies in the US Fortune 500.

This information is provided by RNS

The company news service from the London Stock Exchange

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March 11, 2016 02:01 ET (07:01 GMT)