DUPD decides to pay $6 mln to shareholders

12:43, 01.02.2016 1 min read

Dragon Ukrainian Properties and Development Plc (DUPD, the Isle of Man) will make a distribution of $6.015 million or $0.055 per ordinary share, to its shareholders, DUPD said in a report on the London Stock Exchange (LSE) on January 29.

This decision is in accordance with company's Investing Policy passed in the beginning of 2014, which states that surplus capital will be returned to shareholders.

DUPD said that the decision was made after having reviewed the company's performance in 2015, including the successful sale of the right to develop the 2nd phase of the Obolon Residence project for $5 million and further sales in Sadok Vyshnevy residential project and after and having re-assessed the company's working capital needs.

DUPD said that the relevant record date for the distribution will be February 12, 2016, the corresponding ex-distribution date will be February 11, 2016, and the distribution is expected to be paid to shareholders on February 26, 2016.

DUPD shares grew in cost by 5.6% on January 29, to GBP 0.1425 ($0.202 per share), while NAV per share in the middle of 2015 was $0.65.