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Vallibel One announces cash and scrip combined interim dividend

Vallibel One PLC has announced its first interim dividend of Rs. 2.50 per share inclusive of cash and scrip for the financial year ending 31 March.

Cash dividend is 50 cents per share with payment date being 22 March and 4 March as XD date. The balance Rs. 2 per dividend will be in the form of scrip in the proportion of 1 for every 20.75 shares held. The consideration for which shares are to be issued is Rs. 41.50 per share representing the weighted average market price of the share for the six months ended on 31 January.