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Share Name Share Symbol Market Type Share ISIN Share Description
Murray International Trust Plc LSE:MYI London Ordinary Share GB0006111909 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -26.00 -2.49% 1,020.00 1,020.00 1,024.00 1,050.00 1,016.00 1,050.00 230,063 16:35:23
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 82.4 76.9 54.1 18.9 1,311

Murray International Trust PLC Interim Dividend in Lieu of Final Dividend

27/03/2020 2:50pm

UK Regulatory (RNS & others)


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RNS Number : 9194H

Murray International Trust PLC

27 March 2020

Murray International Trust PLC

Legal Entity Identifier (LEI): 549300BP77JO5Y8LM553

Announcement of Interim Dividend in Lieu of Final Dividend

27 March 2020

In light of the postponement of the Company's Annual General Meeting due to the COVID-19 crisis, announced today, the Board has resolved to pay an additional interim dividend, in lieu of the usual final dividend, in respect of the year ended 31 December 2019. Announcing this fourth dividend as an interim, instead of a final dividend, means that the payment of the dividend will not be delayed.

Previously, as announced on 6 March 2020, the Company recommended shareholders approve a Final Dividend of 17.5p in respect of the year ended 31 December 2019 at the Company's 2020 AGM. That approach was in line with the Company's historical practice of paying three interim dividends and a final dividend each year, with the final dividend being subject to a shareholder vote (by ordinary resolution) at the AGM each year.

In light of the postponement of the AGM, the Board has today announced an interim dividend in respect of the year ended 31 December 2019 of 17.5p (in lieu of the previously recommended final dividend of 17.5p) which will be payable on 15 May 2020 to Shareholders on the register on 3 April 2020, ex dividend date 2 April 2020, resulting in a total dividend of 53.5p per share for the year ended 31 December 2019.

As this dividend will be announced as an interim dividend, Shareholders will not have an opportunity to approve the dividend by ordinary resolution in general meeting and a resolution to approve a final dividend for the year ended 31 December 2019 will not be put to Shareholders. The Board intends to revert to putting the final dividend to Shareholder approval for the year ended 31 December 2020.

The Company operates a Dividend Reinvestment Plan (DRIP) which is managed by the registrar, Link Asset Services, and the deadline for elections under the DRIP will be 24 April 2020.

Aberdeen Asset Management PLC

Company Secretary

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 rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

March 27, 2020 10:50 ET (14:50 GMT)

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