19 September 2024
BIOPHARMA
CREDIT PLC
("BIOPHARMA CREDIT" OR THE "COMPANY")
ORDINARY
AND SPECIAL DIVIDEND DECLARATION
3.79
CENT PER SHARE DISTRIBUTION INCLUDING A 2.04
CENT SPECIAL DISTRIBUTION
BioPharma Credit PLC (LSE: BPCR),
the specialist life sciences debt investor, is pleased to declare
an interim dividend in respect of the quarterly financial period
ending 30 September 2024 of 3.75 cents per share. BPCR will
also be declaring an interim dividend for the calendar year ending
31 December 2023 of 0.039155 cents per ordinary share to distribute
the remaining revenue reserves for the calendar year 2023.
Both interim dividends will be payable on 29 October 2024 to
ordinary shareholders on the register as at 27 September 2024.
The 3.789155 cents dividend comprises
an ordinary dividend of 1.75
cents and a special dividend of 2.039155 cents. The ex-dividend date will be 26
September 2024.
The Company is currently paying and
continues to target a 7 cent annual dividend per ordinary share,
enhanced by variable special dividends that comprise the excess
earnings of the Company in 2024 thus far. After the payment of both
interim dividends on 29 October 2024, dividends for the calendar
year 2024 to date will total 7.289155 cents.
The Company has chosen to designate
the entire amount of this interim dividend as an interest
distribution. Shareholders in receipt of such a dividend will be
treated for UK tax purposes as though they have received a payment
of interest. This will result in a reduction in the corporation tax
payable by the Company.
The default payment for dividends is
in US dollars. However, shareholders can elect to have dividends
paid in sterling (GBP) and the option to elect a sterling dividend
payment for this dividend will be available to shareholders until
27 September 2024 (the "Election Date").
Further details together with a copy
of the Dividend Currency Election Form, which should be sent to
Link Group, 10th Floor, Central
Square, 29 Wellington Street, Leeds LS1 4DL when
completed, will be available on the Group's website shortly
at www.bpcruk.com/investor-materials.
CREST shareholders must elect via CREST. Further details together
with a copy of the Dividend Currency Election Form, which should be
sent to Link Group, 10th Floor, Central Square, 29
Wellington Street, Leeds LS1 4DL when completed, will be
available on the Group's website shortly
at www.bpcruk.com/investor-materials.
CREST shareholders must elect via CREST.
Enquiries:
BioPharma Credit plc
via Link Company Matters
Limited
Company Secretary
+44 (0) 1392 477 500
Burson Buchanan
Mark Court / Jamie
Hooper / Henry Wilson / Samuel Adams
+44 (0) 20 7466 5000
biopharmacredit@buchanan.uk.com
Notes to Editors:
BioPharma Credit PLC is London's
only listed specialist investor in debt from the life sciences
industry and joined the LSE on 27 March 2017. The Company seeks to
provide long-term shareholder returns, principally in the form of
sustainable income distributions from exposure to the life sciences
industry. The Company seeks to achieve this objective primarily
through investments in debt assets secured by royalties or other
cash flows derived from the sales of approved life sciences
products.
LEI: 213800AV55PYXAS7SY24