Dividend Declaration

RNS Number : 8186X

Witan Investment Trust PLC

01 May 2019

 

1 May 2019

WITAN INVESTMENT TRUST PLC

Payment of a First Interim Dividend

In accordance with its normal policy, the Company expects to pay quarterly interim dividends each year in March, June, September and December.  The Company has previously indicated that the first three payments in respect of 2019 (in June, September and December) will, in the absence of unforeseen circumstances, be paid at a rate of 5.875 pence per share, being one quarter of the full year payment for 2018 (23.5 pence).  The fourth payment (in March 2020) will be a balancing amount, reflecting the difference between the three quarterly dividends already paid and the payment decided for the full year.

Following shareholder approval at the AGM on 1 May 2019, each of the Company's ordinary shares of 25 pence will be subdivided into five new ordinary shares of 5 pence each with effect from 28 May 2019.  Accordingly, the amount of the dividends paid in June, September and December 2019 will be one fifth of 5.875 pence per share, i.e. 1.175 pence per share.

Accordingly, the Company hereby announces that a first interim dividend of 1.175 pence per ordinary share of 25 pence, in respect of the year ending 31 December 2019, will be paid on Monday 24 June 2019 to shareholders registered at the close of business on Friday 31 May 2019 (ex-dividend date Thursday 30 May 2019).

For further information please contact:

Andrew Bell, Chief Executive Officer

Witan Investment Trust plc

Tel: [phone]

[e-mail]

Alexis Barling, Director of Marketing

Witan Investment Trust plc

Tel: [phone]

[e-mail]

 

END

 

 

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