CLIO Cape Lambert

    RNS Number : 9087E
  Cape Lambert Iron Ore Limited
  02 October 2008
   

    2 October 2008
    Cape Lambert Iron Ore Limited
    A$100 Million Return of Capital and Unfranked Dividend
    Australian iron ore company Cape Lambert Iron Ore Limited ("Cape Lambert" or the "Company") (ASX: CFE, AIM: CLIO) released the Company's
audited accounts for the year ending 30 June 2008 on 30 September 2008.
    Following the release of these audited accounts, the Board has been able to determine the timetable for the equal reduction of capital
(to be made via a cash distribution to Shareholders) and payment of an unfranked dividend, which was approved by Shareholders on 28 July
2008. 
    In accordance with the ASX Listing Rules, the timetable applicable for the return of capital and dividend is outlined below:
 Event                                                         Date
 Announcement of Dividend and Return of Capital                2 October 2008
 Effective Date                                                14 October 2008
 Trading in Shares on ASX starts on an "ex return of capital   14 October 2008
 basis" and "ex dividend basis"
 Record Date                                                   20 October 2008
 Payment Date and Dispatch Date                                24 October 2008
    As outlined above, the record date for these payments will be 20 October 2008, which the Board believes will provide Option holders
wishing to take part in the return of capital and receive the unfranked dividend sufficient time to convert their options. 
    The capital return cash distribution and dividend payment will be made to Shareholders on 24 October 2008. The Company via its share
registry, Computershare Investor Services Limited, has sent information requesting tax file number notification to all registered
Shareholders and we ask that these documents are completed and returned as soon as practically possible.
    The Board has determined that the total payment (capital reduction cash distribution and dividend payment) to be made to Shareholders
comprises approximately:
    *     Return of Capital            31.25%
    *     Unfranked dividend         68.75%
    It is determined that the total payment (as at 2 October 2008) is approximately A$0.227 per share, however, the final payment per share
will not be known until the record date.
    Executive Chairman, Tony Sage commented "The Board is pleased to have delivered such a significant cash return to Shareholders so soon
after 80% of the funds were received from MCC". He further added "In total, the Company has returned A$100 million to Shareholders".
    The Board is committed to using the successful completion of the MCC sale to build a solid foundation for the Company's future growth,
which it believes will ensure Shareholders continue to receive a significant return on their investment.
    FOR MORE INFORMATION PLEASE CONTACT: 
    Cape Lambert Iron Ore Limited: 
    Tony Sage +61 (0)8 9380 9555 

    Australian Enquiries: 
    Professional Public Relations 
    David Tasker +61 (0)8 9388 0944/ +61 433 112 936 

    UK Enquiries: 
    Nominated Adviser: 
    Grant Thornton UK LLP 
    Fiona Owen +44 (0)20 7383 5100 

    AIM Broker: 
    Collins Stewart Europe Limited 
    Adrian Hadden +44 (0)20 7523 8353 
    Oliver Quarmby +44 (0) 20 7523 8354 

    Conduit PR: 
    Jos Simson +44 (0)20 7429 6603/+44 (0)7899 870 450 
    Jane Stacey +44 (0)20 7429 6606 

    Website: www.capelam.com.au 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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