Oakley Capital Investments Limited Dividend Announcement (0205S)
16 December 2016 - 6:00PM
UK Regulatory
TIDMOCL
RNS Number : 0205S
Oakley Capital Investments Limited
16 December 2016
16 December 2016
Oakley Capital Investments Limited
Dividend Announcement
The Board of Oakley Capital Investments Limited (AIM: OCL; the
"Company")(1) is pleased to declare the Company's maiden dividend
of 4.5 pence per share in respect of the 2016 financial year.
The dividend will be paid on 30 January 2017 to shareholders
registered on 30 December 2016. The ex-dividend date is 29 December
2016.
Thereafter the Board will adopt a dividend policy which takes
into account the profitability and underlying performance of the
Company in addition to capital requirements, cash flows and
distributable reserves. Subject to any unforeseen circumstances,
the Board intends to maintain a 4.5 pence per share for the 2017
financial year, paying 2.25 pence per share semi-annually following
the publication of half yearly reports as of 30 June and 31
December.
The decision to introduce a dividend is based on the consistent
income generated from co-investments and increased cash returns
from exits. The Company has experienced strong NAV growth in 2016
due to growth in the underlying portfolio companies. The 30 June
2016 NAV of GBP2.15 per share represented an 18% uplift year on
year and a 24% uplift if adjusted on a constant currency basis to
226p to take into account the partial disposal of Parship in
October and potential disposal of Host Europe Group to GoDaddy Inc.
announced on 7 December.
A pre close trading update will be provided to shareholders at
the end of January.
Note: This announcement contains inside information.
- ends -
For further information please
contact:
Oakley Capital Investments Limited +44 20 7766 6900
Peter Dubens (Director)
FTI Consulting LLP +44 20 3727 1000
Edward Bridges / Stephanie Ellis
Liberum Capital Limited (Nominated
Adviser & Broker) +44 20 3100 2000
Steve Pearce / Steven Tredget
(1) About Oakley Capital Investments Limited ("OCL")
Oakley Capital Investments Limited is a Bermudian company listed
on AIM. OCL seeks to provide investors with long term capital
appreciation through its investments in Oakley Capital Private
Equity L.P., Oakley Capital Private Equity II, Oakley Capital
Private Equity III and, through co-investment opportunities.
This information is provided by RNS
The company news service from the London Stock Exchange
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