12th Dec 2006 12:27
Derwent Valley Holdings PLC12 December 2006 Derwent Valley Holdings plc12 December 2006 DERWENT VALLEY HOLDINGS PLC ANNOUNCEMENT OF SECOND INTERIM DIVIDEND Further to its announcement on 14 November 2006 of the recommended share forshare merger of Derwent Valley Holdings plc ("Derwent") and London MerchantSecurities plc ("LMS") to create Derwent London plc (the "Transaction"), theBoard of Derwent announces that it is proposing to pay a second interim dividendof 10.525 pence per Derwent share on 23 February 2007 to Derwent shareholders onits register of members on 26 January 2007. The payment of this dividend isconditional on Derwent shareholders and LMS shareholders approving theresolutions necessary to implement the Transaction. This second interim dividend will replace the final dividend Derwent wouldotherwise pay in respect of the financial year ending 31 December 2006, which,as previously announced, was only payable on existing Derwent shares and not newDerwent shares to be issued to LMS shareholders under the Transaction. The newDerwent shares are expected to be issued and to start trading on 1 February2007. For further information, please contact: Derwent Valley Holdings plc +44 (0)20 7659 3000John BurnsChristopher Odom UBS Limited (financial adviser and broker to Derwent) +44 (0)20 7567 8000Liam BeereTim Guest This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Derwent London