Global Ports Holding PLC Dividend Declaration (6375U)

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RNS Number : 6375U

Global Ports Holding PLC

01 April 2019

Global Ports Holding Plc

Final dividend for 2018

The Board of Global Ports Holding has approved a final dividend for the year ending 31st December 2018 of USD 17.5m. The final dividend will be recommended to shareholders at the AGM to take place on 24 May 2019 as a dividend of 21.2p per share (at the current exchange rate). If approved by shareholders at the AGM, the final dividend will be paid on the 5(th) July 2019 to those shareholders registered on 31 May 2019.

This dividend recommendation has been made by the board after careful consideration of the financial performance of the Group, the current potential opportunities for new port investments and the long term growth prospects of the Group.

The Board will review carefully the progress the company will make during fiscal year 2019 in regard to potential opportunities for new investment and their relevant closing, the timing of these investments may impact the board's decision in terms of the split of dividend between interim and final, however the board's intention is to continue with the stated minimum dividend policy at the time of the IPO.

Final Dividend Timetable (subject to AGM approval)

   30 May 2019:   Ex-dividend date for 2018 final dividend 
   31 May 2019:   Record date for 2018 final dividend 
   5 July 2019:    Payment date for 2018 final dividend 

CONTACT

For investor and analyst enquiries: For media enquiries:

Global Ports Holding, Investor Relations Brunswick Group LLP

Martin Brown, Investor Relations Director Azadeh Varzi and Imran Jina

Telephone: [phone] Telephone: [phone]

   Email: [e-mail]                                                  Email: [e-mail] 

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April 01, 2019 03:42 ET (07:42 GMT)