28th Apr 2006 07:01
Mapeley Limited28 April 2006 PRESS RELEASENot for release before 0700, 28 April 2006 Mapeley Limited Dividend increases to 39 Pence Per Share for the First Quarter 2006 Guernsey, 28 April 2006 - Mapeley Limited (LSE: MAY / "Mapeley" or "theCompany") today announces an interim dividend payment of 39 pence per share forthe quarter ended 31 March 2006, representing an increase of 5% over the dividend paid for the fourth quarter of 2005 and an increase of 30% since theinitial dividend paid after the Company's IPO in June 2005. The first quarter dividend reflects an annualised dividend yield of 4.5% toshareholders (based on a closing share price of £35.03 on 31 March 2006) andmeans the Company is outperforming the FTSE All-Share Real Estate Index dividendyield of 2.2%. Commenting, Jamie Hopkins, Chief Executive of Mapeley said: "Mapeley has made an excellent start to 2006. In the first quarter we wereawarded the UK Passport Service (UKPS) interview centre outsourcing contract,have made good progress on acquisition of high credit quality UK commercial realestate and have increased profitability from the existing portfolios. This has provided the basis for delivering on our key objective of paying stableand growing dividends. The dividend paid to shareholders has increased by 30%since the IPO." Details of the dividend payment are as follows:Dividend per share: 39 penceEx Dividend date: 10 May 2006Record Date: 12 May 2006Payment Date: 31 May 2006 The board currently anticipates that the financial results for the quarter ended31 March 2006 will be released on Tuesday, 9 May 2006 and that management willhost an earnings conference call the same day. A further announcement will bemade to confirm these arrangements. -END- For further information, please contact:Tim McCall / Stewart Harris, MJ2 Business Communications 020 7491 7776 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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