Anglo-Eastern Plantations
Plc
("AEP" or the
"Company")
Final dividend -
determination of US$ Dollar equivalent and Dividend Reinvestment
Plan
Further to the announcement made by
AEP on 30 April 2024, the Company is announcing further details in respect of
the US dollar equivalent and Dividend Reinvestment Plan for the
final dividend.
As was announced on 30
April 2024, the Company
proposes to pay a final dividend of 15.0cts per share in respect of
the year ended 31 December 2023 (2022: 25.0cts).
Subject to the approval by shareholders at the
Annual General Meeting, the final dividend will be paid on
12 July 2024 to those
shareholders on the register on 14
June 2024.
With an interim dividend of 15.0cts
per share already paid, the total dividend declared for the year
ended 31 December 2023 will be 30.0cts
(2022: 25.0cts).
In addition, the Company announced
that shareholders can choose to receive dividends in Pounds
Sterling and they can do so at the rate ruling on
14 June
2024, being the
dividend record date. In the absence of any specific instruction up
to the date of closing of the register on 14 June 2024, shareholders with addresses in the
UK are deemed to have elected to receive their dividends in
Sterling and those with addresses outside of UK in US Dollar. Today
the Company announces that based on the exchange rate at
25 April 2024 of
$1.25/£, the
proposed dividend is equivalent to 12.0p (2022: 20.02p). The
last day to elect to receive or revoke a currency election
is 21 June
2024.
AEP operates a dividend
re-investment plan ("DRIP"). Holders of shares may elect to
reinvest their final dividend. The latest election date is
21 June
2024.
Please note, if a holder makes a
partial DRIP election for shares, then the dividend for the
remaining shares will be paid in Pound Sterling.
Should you require further
assistance, please contact Computershare on 0370 703 0164. The
helpline is open between 8.30 a.m. and 5.30 p.m., Monday to Friday,
excluding public holidays in England and Wales. Please note that
Computershare cannot provide any financial, legal or tax advice and
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purposes.
For
further enquiries, contact:
Anglo-Eastern Plantations
Plc
Dato' John Lim Ewe
Chuan
+44 (0)20 7216 4621
Panmure Gordon (UK)
Limited
Dominic Morley / Amrit
Mahbubani
+44 (0)20 7886 2500