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West Hamilton announces dividend, buyback

Real estate developer West Hamilton Holdings has announced a 10 cent dividend and $6.50 share buyback.

In a filing with the Bermuda Stock Exchange, West Hamilton said the Board of Directors announced the declaration of a dividend payment and dividend reinvestment terms.

The Company stated: “Please be advised that the Board of Directors of West Hamilton Holdings Limited at a meeting held on 25th June, 2013 declared a dividend of 10 cents per share payable on 6th September, 2013 to shareholders of record on 5th July, 2013.

“Pursuant to The Dividend Reinvestment Plan the Board of Directors has also approved a share price of $6.50 per share for shareholders to reinvest the dividend due to purchase additional shares.

“Pursuant to the Share Buy-Back Programme, The Board of Directors resolved to buy back share from any shareholder at a price of $6.50 per share as of the 25th June, 2013 until further notice or until such time as the allotment of 25,000 shares has been fully subscribed.”

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Published June 28, 2013 at 9:00 am (Updated June 27, 2013 at 8:28 pm)

West Hamilton announces dividend, buyback

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