Hansa Investment Company Limited Dividend Declaration (9905P)
October 15 2019 - 12:33PM
UK Regulatory
TIDMHAN TIDMHAN TIDMHANA
RNS Number : 9905P
Hansa Investment Company Limited
15 October 2019
Hansa Investment Company Ltd (LEI 213800RS2PWJXSZQDF66)
announces its combined first and second interim distributions for
the Company's financial year ended 31 March 2020.
An interim dividend of 1.6p per share (amounting to
GBP1,920,000) is to be paid.
Ex-dividend date: 24 October 2019
Record date: 25 October 2019
Payment date: 29 November 2019
For further information please contact:
Stephen Thomas
Hansa Capital Partners LLP
020 7647 5750
Dividend Policy (as announced in the Company's Prospectus dated
4 July 2019)
The Company intends to pay four interim dividends per year,
which compares to Hansa Trust's dividend policy to pay two interim
dividends each year. The Company's Board will, subject to Bermuda
law, declare the intended rate of the four proposed dividends at
the beginning of the financial year in question. Barring unforeseen
circumstances, the interim dividends will be paid in August,
November, February and May. If circumstances are such that the
level of cash income generated by the portfolio is insufficient to
meet the dividend commitment, the shortfall maybe made up from the
Company's reserves. Under certain one off circumstances an extra
and final dividend may be proposed at the Company's annual general
meeting.
However, in light of the timing of the Scheme, it is anticipated
that the Company will pay three interim dividends for its financial
year ending 31 March 2020, barring unforeseen circumstances: the
first dividend being 1.6 pence per share paid in November 2019, and
the second and third dividends being 0.8 pence per share paid in
February 2020 and May 2020, respectively.
The Prospectus can be found on the Company's website:
https://www.hansaicl.com/shareholder-information/regulatory-information.aspx
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END
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