Return of Cash - Single B Share Dividend

RNS Number : 3215X

Cairn Energy PLC

14 February 2012

 



FOR IMMEDIATE RELEASE                                                                                           14 February 2012

CAIRN ENERGY PLC ("Cairn" or the "Company")

Return of Cash - Single B Share Dividend

Yesterday Cairn announced that valid and deemed elections for the Single B Share Dividend were received in respect of 909,486,354 B Shares, representing 64.6 per cent. of the B Shares in issue. The Single B Share Dividend of £1.60 per B Share has today become payable on those B Shares in respect of which Shareholders elected (or were deemed to have elected) for the Single B Share Dividend. The relevant B Shares have today been automatically reclassified as Deferred Shares having negligible value and carrying extremely limited rights.

It is expected that Shareholders entitled to receive the Single B Share Dividend will be sent cheques or, if mandate instructions are held in respect of a sterling bank account, that payments will be made to mandated accounts in respect of the Single B Share Dividend on 21 February 2012.

Further details of the Return of Cash are contained in the circular to Shareholders dated 10 January 2012 (the "Circular"). Terms defined in the Circular have the same meaning when used in this announcement.

 

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