UBM declares special dividend of £0.553/share

|About: UBM Plc (UBMOF)|By:, SA News Editor

UBM OTCQX:UBMOF completed sale of its PR Newswire for total cash proceeds of £490m, after adjustments for transaction expenses, debt, tax and a £10m contribution to UBM's pension scheme.

Special dividend of £0.553/share is payable on July 8, to shareholders on record date of June 24, ex-dividend date June 27.

On effect of share consolidation, the new share capital as on June 27 will comprise of 393.75M shares of £0.1125.

Subscribe for full text news in your inbox