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P2P Global Investments PLC  -  P2P   

Dividend Declaration

Released 07:02 31-Oct-2018

RNS Number : 7735F
P2P Global Investments PLC
31 October 2018
 

 

P2P Global Investments plc (the "Company")

DIVIDEND DECLARATION

 

On 29 October 2018, the Directors declared an interim dividend of 12p per ordinary share for the three month period to 30 September 2018. The dividend will be covered by income of 10.61p, from Company's revenue reserve, and 1.39p from the special distributable reserve, all of which relates to accretion from the Company's share buybacks in the period.

 

The dividend will be paid on 19 December 2018 to shareholders on the register as of 9 November 2018. The ex-dividend date is 8 November 2018.

 

The Company has elected to designate all of the interim dividend for the three month period to 30 September 2018, as an interest distribution to its shareholders. In doing so the Company is taking advantage of UK tax treatment by "streaming" income from interest-bearing investments into dividends that will be taxed in the hands of shareholders as interest income.

 

No tax will be deducted at source from the interest distribution paid on 19 December 2018, or from future interest distributions following changes to the taxation of dividends effective from 6 April 2017.

 

The last date for elections for the Dividend Reinvestment Plan is 23 November 2018.

 

 

31 October 2018

 

 

Contact Information:

 


Enquiries:


PSC Eaglewood Europe LLP

 

+44 (0)20 3948 7379 

Media enquiries:


Boscobel & Partners

+ 44 (0)203 642 1310

 

 

Investor information

Further up to date information, including Net Asset Values and share prices, and the latest available monthly newsletter and portfolio information, is provided on the Company's website, which can be accessed via www.p2pgi.com. Information can also be obtained from the Investor Services, ir@p2pgi.com

 

 

 

 

END OF ANNOUNCEMENT


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Dividend Declaration - RNS