11 November 2022
Caspian Sunrise PLC
("Caspian Sunrise", or the "Company")
Dividend Details
Further to the Company's announcement on 4 November 2022, the Board of Caspian Sunrise is pleased to confirm that it has today posted a letter to shareholders confirming the details for the payment and receipt of funds, as well as other administrative details, of the Company's maiden dividend. This letter can be access on the Company's website on the following link: www.caspiansunrise.com/investors/dividends.
This maiden dividend will total $1.13 million (£1 million) and will be paid as follows:
Dividend: 0.0444 pence/share
Ex-Dividend Date: 17 November 2022
Record Date: 18 November 2022
Payment Date: 16 December 2022
The size of this maiden dividend is indicative of the levels to be expected in the future. The Board intends that the future dividends will be paid on a monthly basis, based on the higher of £1 million per month or a pay-out ratio of broadly 35-40% of free cashflows.
Contacts
Caspian Sunrise PLC
Clive Carver
Executive Chairman +7 727 375 0202
WH Ireland, Nominated Adviser & Broker
James Joyce +44 (0) 207 220 1666
James Bavister
Andrew de Andrade
This announcement has been posted to: www.caspiansunrise.com/investors