We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Value And Indexed Property Income Trust Plc | LSE:VIN | London | Ordinary Share | GB0008484718 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 221.00 | 221.00 | 224.00 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMVIN
RNS Number : 6211Y
Value and Income Trust plc
10 September 2020
VALUE AND INCOME TRUST PLC
STATEMENT RE FIRST QUARTER DIVIDEND AND DIRECTOR APPOINTMENT
DECLARATION OF FIRST QUARTER DIVIDEND
The Board of Value and Income Trust PLC ("the Company") declares a first quarter dividend of 2.9p per Ordinary Share in respect of the year to 31 March 2021 payable on 30 October 2020 to shareholders on the register at close of business on 2 October 2020. The ex-dividend date is 1 October 2020.
It is the Board's intention to maintain the same level of dividend payment of 2.9p per share for the second and third quarter dividends to be paid on or around 29 January 2021 and 30 April 2021 respectively. Record dates and ex-dividend dates for these payments will be confirmed in due course.
The Board will announce in due course the proposed fourth and final dividend payment for the year to 31 March 2021, which, subject to shareholder approval, will be paid on or around 30 July 2021.
Using the benefits of the closed end structure, it is the Board's intention to preserve the Company's strong dividend record, if possible, by distributing part of the Company's capital reserves of 154.4p per share if necessary. However, maintaining the record for the long term will require dividend cover to be rebuilt over the years ahead.
APPOINTMENT OF NEW DIRECTOR
The Company is pleased to announce the appointment of Matthew Oakeshott as a Non-executive Director with immediate effect.
Matthew is one of the original founders of the Company having previously served on the Board from 1 April 2007 to 1 April 2019. Matthew is Chairman of OLIM Property Limited, which currently manages the Company's property portfolio.
The Board intends to carry out a strategic review of the investment policy of the Company and this appointment forms part of that review. The Board will report further in the Half-Year Report to 30 September 2020, expected to be published in November 2020.
As at the date of this announcement, Matthew Oakeshott and persons closely associated with him hold 11,109,750 Ordinary Shares in the Company (representing 24.39% of the ordinary issued share capital).
There are no other disclosures required under Section 9.6.13 (1) to (6) of the Listing Rules.
For further information please contact:-
Maven Capital Partners UK LLP
Company Secretary
Tel: 0141 306 7400
10 September 2020
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.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
STRVBLBFBKLZBBB
(END) Dow Jones Newswires
September 10, 2020 04:43 ET (08:43 GMT)
1 Year Value And Indexed Proper... Chart |
1 Month Value And Indexed Proper... Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions