Alpha Real Trust Limited Dividend Declaration (2985K)
13 December 2018 - 6:01PM
UK Regulatory
TIDMARTL
RNS Number : 2985K
Alpha Real Trust Limited
13 December 2018
13 December 2018
LEI: 213800BMY95CP6CYXK69
ALPHA REAL TRUST LIMITED ("ALPHA REAL TRUST" OR THE
"COMPANY")
A SHARE DIVIDEND
The Company is pleased to announce that following receipt from
liquidators of the final liquidation proceeds from its investment
in The Romulus High Income Trust ("Romulus") it will be paying a
final special dividend of 0.3103p per A share to all holders of the
Company's A shares (the "Class A Shareholders").
Romulus was acquired as part of the Property Investment
Portfolio Plc ("PIP") portfolio in 2012. ART ascribed zero value to
Romulus with any realised value from this investment being passed
to the former holders of PIP shares by way of the A shares. Romulus
represented the final asset from the PIP portfolio where the Class
A Shareholders had separate rights to the Company's ordinary
shareholders. There will be no further distributions received from
Romulus and no further special dividends to Class A Shareholders
will be made.
The Company will subsequently convert all Class A shares into
Ordinary Shares as set out in the Articles of the Company with all
Class A Shareholders of the Company subsequently holding the same
class of ordinary shares. Further details on this will be provided
in due course.
The special dividend to Class A Shareholders will have a record
date of 21 December 2018 and will be paid on 4 January 2019.
For further information please contact:
Alpha Real Trust Limited
David Jeffreys, Chairman, Alpha Real Trust +44 (0) 1481 231 100
Brad Bauman, Joint Fund Manager, Alpha Real Trust +44 (0) 20 7391 4700
Panmure Gordon, Broker to the Company
Richard Gray / Andrew Potts +44 (0) 20 7886 2500
Alpha Real Trust Limited is advised by Alpha Real Capital LLP,
which is authorised and regulated by the Financial Conduct
Authority in the United Kingdom.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DIVGGGMUPUPRGAP
(END) Dow Jones Newswires
December 13, 2018 02:01 ET (07:01 GMT)
Alpha Real (LSE:ARTL)
Historical Stock Chart
From Apr 2024 to May 2024
Alpha Real (LSE:ARTL)
Historical Stock Chart
From May 2023 to May 2024