NCE New City Energy

 
TIDMNCE 
 
 
   New City Energy Limited 
 
   3 December 2015 
 
   Dividend Statement 
 
   The Board have been reviewing the level of likely income from the 
portfolio of investments.  This has been impacted by the sharp fall in 
the oil price over the last 12 months leading to a number of portfolio 
companies reducing or cancelling their dividends.   The Board have 
concluded that the current level of annual dividends totalling 2.04p per 
share is presently unsustainable in the short-term and that an annual 
level of 1.00p per share is appropriate and will allow the portfolio 
managers to invest for future growth. 
 
   The Company therefore intends to announce four quarterly interim 
dividend of 0.25p per share in respect of the year ending 30 September 
2016.   The first of these dividends will be announced with the 
Company's Annual Results statement shortly after 15 December 2015. 
 
   Craig Cleland - New City Investment Managers - 020 7201 5368 
 
   Lisa Neil - R&H Fund Services (Jersey) Limited - 01534 825 336 
 
   This announcement is distributed by NASDAQ OMX Corporate Solutions on 
behalf of NASDAQ OMX Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: New City Energy Ltd via Globenewswire 
 
   HUG#1971154 
 
 
 
 

(END) Dow Jones Newswires

December 03, 2015 07:00 ET (12:00 GMT)

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