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RNS Number : 0341G Caspian Sunrise plc 11 November 2022
11 November 2022
Caspian Sunrise PLC
("Caspian Sunrise", or the "Company")
Dividend Details
Further to the Company's announcement on 4 November 2022, the Board of Caspian
Sunrise is pleased to confirm that it has today posted a letter to
shareholders confirming the details for the payment and receipt of funds, as
well as other administrative details, of the Company's maiden dividend. This
letter can be access on the Company's website on the following link:
www.caspiansunrise.com/investors/dividends.
This maiden dividend will total $1.13 million (£1 million) and will be paid
as follows:
Dividend: 0.0444 pence/share
Ex-Dividend Date: 17 November 2022
Record Date: 18 November 2022
Payment Date: 16 December 2022
The size of this maiden dividend is indicative of the levels to be expected in
the future. The Board intends that the future dividends will be paid on a
monthly basis, based on the higher of £1 million per month or a pay-out ratio
of broadly 35-40% of free cashflows.
Contacts
Caspian Sunrise PLC
Clive Carver
Executive
Chairman
+7 727 375 0202
WH Ireland, Nominated Adviser & Broker
James
Joyce
+44 (0) 207 220 1666
James Bavister
Andrew de Andrade
This announcement has been posted to: www.caspiansunrise.com/investors
(http://www.caspiansunrise.com/investors)
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