All Resolutions Including 24 US Cents Per Share Dividend Approved
Dubai, UAE 25 April 2013: DP World Limited held their Annual General Meeting (AGM) in respect of the full year 2012 this morning, with all resolutions put to shareholders passed, with over 97% of the votes cast in favour1.
Shareholders voted in favour of the re-appointment of all eight Directors2 of the DP World Board.
The resolutions also included the approval of a dividend of 24 US cents per share for the full year 2012.
Chairman Sultan Ahmed Bin Sulayem said;
"On behalf of the Board of DP World I am pleased to announce that our shareholders have approved the dividend in respect of the full year 2012. The dividend of 24 US cents per share will be paid on 30 April 2013."
The dividend comprises a 10% increase in the underlying dividend to 21 US cents per share, supplemented by a special dividend of 3 US cents per share reflecting the profit attributable to owners of the Company from separately disclosed items3. This results in a total dividend distribution of $199 million.
The dividend will be paid on Tuesday 30 April 2013 to shareholders on the register as at the close of business on 2 April 2013.
For shareholders with NIN accounts the dividend will be paid via a cheque or direct credit to an iVestor card. For NIN holders who have elected to receive dividends by bank transfer this will happen automatically.
For shareholders who do not have a NIN, the process of dividend payments will be the same as in previous years, paid via their broker.
Media Inquiries
Sarah Lockie
Senior Vice President
Corporate Communications
Cell: +971 (0) 50 659 6944
sarah.lockie@dpworld.com
Notes:-
1. A copy of voting results is available on the Nasdaq Dubai, London Stock Exchange and DP World website.
2. DP World Board Members are Sultan Ahmed Bin Sulayem (Chairman), Jamal Majid Bin Thaniah (Vice-Chairman), Sir John Parker (Vice Chairman and Senior Independent Director), Cho Ying Davy Ho, Deepak Parekh, David Williams, Mohammed Sharaf (Group Chief Executive Officer), Yuvraj Narayan (Chief Financial Officer)
3. DP World reported separately disclosed items of $193 million. For further information see DP World Preliminary Results published 20 March 2013 at www.dpworld.com
About DP World
DP World has a portfolio of more than 65 marine terminals across six continents(1), including new developments underway in India, Africa, Europe, South America and the Middle East.
Container handling is the company's core business and generates around 80% of its revenue. In 2012, DP World handled more than 56 million TEU (twenty-foot equivalent container units). With its committed pipeline of developments and expansions, capacity is expected to rise to more than 100 million TEU by 2020, in line with market demand.
DP World has a dedicated, experienced and professional team of 28,000 people serving its customers around the world, and the company constantly invests in terminal infrastructure, facilities and people to provide quality services today and tomorrow, when and where customers need them.
In taking this customer-centric approach, DP World is building on the established relationships and superior level of service demonstrated at its flagship Jebel Ali facility in Dubai, which has been voted "Best Seaport in the Middle East" for 18 consecutive years.
(1) As of April 2013.
© Press Release 2013
