Haslemere N.V. announces that it has secured agreement with The Royal Bank of Scotland plc for permanent financing to meet the companyâ€™s new requirements, following the completion of its programme of property sales.
Haslemere has reached agreement with RBS in relation to the provision of a Â£105 million revolving credit facility. In addition, further financing arrangements with Haslemere will supplement existing long term debenture financing already in place. Together these arrangements will give the Company up to Â£155 million of facilities in support of its ongoing business.
Furthermore, with reference to the mandate granted at the shareholders meeting on 6 September 2002, the management board of Haslemere announces that, with the approval of the supervisory board, it has decided to declare a further dividend distribution from the share premium reserve of Â£14.50 per ordinary EUR 8 share.
In addition, the management board, with the approval of the supervisory board, has decided to declare a second interim dividend for the financial year 2002 of Â£1.20 per ordinary EUR8 share. Therefore, the total dividend distribution will amount to Â£15.70 per share.
With effect from Wednesday 18 December 2002 the shares will be quoted ex-dividend.
The dividend will be payable in cash from Monday 23 December 2002. The dividend will be paid in euros and for that purpose the sterling amount has been converted at the rate advised by the European Central Bank as per 16 December 2002 on its Internet site which results in a dividend of EUR 24.43 per share. Of the total dividend in euros, an amount of EUR 3.46 will be distributed after deducting dividend withholding tax in the Netherlands (25%). The remaining dividend amount, i.e. EUR 20.97 per share, is exempt from dividend withholding tax.