Athens, 28 March 2012 – Share Dividend Reference Price
Further to Goldenport Holdings Inc.’s (‘Goldenport’ or the ‘Company’), (LSE: GPRT) announcement on 7 March2012 of its final results and the proposed 2011 final dividend of 2.0 pence in cash and 2.0 pence in shares, the Company announces that the share dividend reference price for the fully paid shares to be issued to Shareholders on record as of 16 March 2012, for the 2011 final share dividend will be 77.95 pence per share (the “Share Dividend”).
The reference price is calculated as the average of the middle market quotations for the Company’s shares as derived from the Daily Official List of the London Stock Exchange for the five consecutive dealing days commencing on 14 March 2012, being the Company’s Ex-Dividend Date for the 2011 final dividend.
A Shareholder would receive one new ordinary share of US$0.01 each (a “New Share”) for approximately every 38.975 shares of US$0.01 each registered in their name on the Record Date, being 16 March 2012. No fraction of a New Share will be allotted. All Shareholders who would otherwise be entitled to receive a fraction of a New Share will receive instead the cash equivalent.
Due to the cost of producing stationery exceeding the payment, payment of all such amounts will be deferred to the next dividend payment. Payment of the Share Dividend and the 2011 final cash dividend (the “Final Cash Dividend”) is subject to Shareholder approval at the Company’s Annual General Meeting to be held on 11 May 2012. The payment date of the Final Cash Dividend will be 18 May 2012.
Further details of the Share Dividend and the Final Cash Dividend will be set out in the circular to be sent to Shareholders on or around 3 April 2012.
In the event that the Company believes that any Shareholder is, resident in Canada, Australia, Republic of South Africa or Japan or their respective territories or possessions (subject to applicable exemptions) or in any jurisdiction outside the United Kingdom where payment of the Share Dividend requires compliance by the Company with any governmental or regulatory procedures or any similar formalities, the Company reserves the right (in its absolute discretion) to sell or procure the sale on behalf of the Shareholder of any New Shares to which such Shareholder would be entitled and to pay the proceeds of sale to such Shareholder.
Further details related to the eligibility of Shareholders to receive the Share Dividend will be set out in the circular.
For further information, viewers can contact:
- Goldenport Holdings Inc.: Vassiliki Papaspyrou, Company Secretary +30 210 8910500 Christos Varsos, Chief Financial Officer+30 210 8910500
- Investor Relations Coordinators: Capital Link: Eleni Theodoropoulou – London +44 203 206 1320 Nicolas Bornozis – New York +1 212 661 7566 E-mail:firstname.lastname@example.org and email@example.com
Overview of Goldenport Goldenport is an international shipping company that owns and operates a fleet of twenty-five container and dry bulk vessels that transport cargo worldwide. The fleet consists of twelve container vessels and thirteen dry bulk carriers. Goldenport is listed on the London Stock Exchange under the ticker GPRT. Website: www.goldenportholdings.com or www.goldenport.biz
This information is provided by RNS, The company news service from the London Stock Exchange