New City Energy Limited New City Energy Ltd : Dividend Statement
03 Dicembre 2015 - 1:00PM
UK Regulatory
TIDMNCE
New City Energy Limited
3 December 2015
Dividend Statement
The Board have been reviewing the level of likely income from the
portfolio of investments. This has been impacted by the sharp fall in
the oil price over the last 12 months leading to a number of portfolio
companies reducing or cancelling their dividends. The Board have
concluded that the current level of annual dividends totalling 2.04p per
share is presently unsustainable in the short-term and that an annual
level of 1.00p per share is appropriate and will allow the portfolio
managers to invest for future growth.
The Company therefore intends to announce four quarterly interim
dividend of 0.25p per share in respect of the year ending 30 September
2016. The first of these dividends will be announced with the
Company's Annual Results statement shortly after 15 December 2015.
Craig Cleland - New City Investment Managers - 020 7201 5368
Lisa Neil - R&H Fund Services (Jersey) Limited - 01534 825 336
This announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: New City Energy Ltd via Globenewswire
HUG#1971154
(END) Dow Jones Newswires
December 03, 2015 07:00 ET (12:00 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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