Murray International Trust PLC Interim Dividend in Lieu of Final Dividend (9194H)
28 March 2020 - 1:50AM
UK Regulatory
TIDMMYI
RNS Number : 9194H
Murray International Trust PLC
27 March 2020
Murray International Trust PLC
Legal Entity Identifier (LEI): 549300BP77JO5Y8LM553
Announcement of Interim Dividend in Lieu of Final Dividend
27 March 2020
In light of the postponement of the Company's Annual General
Meeting due to the COVID-19 crisis, announced today, the Board has
resolved to pay an additional interim dividend, in lieu of the
usual final dividend, in respect of the year ended 31 December
2019. Announcing this fourth dividend as an interim, instead of a
final dividend, means that the payment of the dividend will not be
delayed.
Previously, as announced on 6 March 2020, the Company
recommended shareholders approve a Final Dividend of 17.5p in
respect of the year ended 31 December 2019 at the Company's 2020
AGM. That approach was in line with the Company's historical
practice of paying three interim dividends and a final dividend
each year, with the final dividend being subject to a shareholder
vote (by ordinary resolution) at the AGM each year.
In light of the postponement of the AGM, the Board has today
announced an interim dividend in respect of the year ended 31
December 2019 of 17.5p (in lieu of the previously recommended final
dividend of 17.5p) which will be payable on 15 May 2020 to
Shareholders on the register on 3 April 2020, ex dividend date 2
April 2020, resulting in a total dividend of 53.5p per share for
the year ended 31 December 2019.
As this dividend will be announced as an interim dividend,
Shareholders will not have an opportunity to approve the dividend
by ordinary resolution in general meeting and a resolution to
approve a final dividend for the year ended 31 December 2019 will
not be put to Shareholders. The Board intends to revert to putting
the final dividend to Shareholder approval for the year ended 31
December 2020.
The Company operates a Dividend Reinvestment Plan (DRIP) which
is managed by the registrar, Link Asset Services, and the deadline
for elections under the DRIP will be 24 April 2020.
Aberdeen Asset Management PLC
Company Secretary
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END
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