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The London Metal Exchange (LME) has paid an interim dividend totalling €3,741,000 (equivalent to €0.29 per share) to holders of Ordinary Shares in LME Holdings Limited, it is announced today.
The interim payment follows the receipt by the Exchange of a dividend from its shareholding in LCH.Clearnet (LCH), the LME’s clearing house, which announced on 29th September that it had declared a dividend of €1.50 per Ordinary Share in respect of the 2008 financial year. The London Metal Exchange Limited has received from LCH a total dividend of €4,905,000.
Martin Abbott, CEO of the London Metal Exchange comments: “The dividend recently received from LCH was greater than could have been anticipated when budgets for 2009 were drawn up and the LME is delighted to be able to pass a significant portion of the funds received directly to its shareholders”.
The LME paid the interim dividend in euros by bank transfers on 1st December 2009, with a record date of 20 November 2009.
The LME implemented its dividend policy with the first payment of an annual dividend, in respect of financial year 2008, earlier this year.
