BioPharma Credit PLC Dividend Declaration (0178S)
March 11 2021 - 12:15PM
UK Regulatory
TIDMBPCR
RNS Number : 0178S
BioPharma Credit PLC
11 March 2021
BIOPHARMA CREDIT PLC
("BIOPHARMA CREDIT" OR THE "COMPANY")
DIVIDEND DECLARATION
BioPharma Credit PLC (LSE: BPCR), the specialist life sciences
debt investor, is pleased to declare an interim dividend in respect
of the financial period ending 31 December 2020 of $0.02040119 per
ordinary share, payable on 31 March 2021 to ordinary shareholders
on the register as at 19 March 2021. The Company has chosen to
designate the entire amount of this interim dividend as an interest
distribution. Shareholders in receipt of such a dividend will be
treated for UK tax purposes as though they have received a payment
of interest. This will result in a reduction in the corporation tax
payable by the Company.
The $0.02040119 return comprises an ordinary dividend of $0.0175
and a special dividend of $0.00290119. As a result, total dividends
corresponding to the 2020 year totalled $0.07300119 per share.
The Company is currently paying and continues to target a 7 cent
annual dividend per ordinary share.
The default payment for dividends is in US dollars. However,
shareholders can elect to have dividends paid in sterling (GBP) and
the option to elect a sterling dividend payment for this dividend
will be available to shareholders until 19 March 2021 (the
"Election Date").
Further details together with a copy of the Dividend Currency
Election Form, which should be sent to Link Group, 10(th) Floor,
Central Square, 29 Wellington Street, Leeds LS1 4DL when completed,
will be available on the Group's website shortly at
www.bpcruk.com/investor-materials. CREST shareholders must elect
via CREST.
LEI: 213800AV55PYXAS7SY24
-Ends-
Link Company Matters Limited
Company Secretary
11 March 2021
Enquiries:
Buchanan
David Rydell / Mark Court / Jamie Hooper / Henry Wilson
+44 (0)20 7466 5000
Biopharmacredit@buchanan.uk.com
Notes to Editors:
BioPharma Credit PLC is London's only listed specialist investor
in debt from the life sciences industry and joined the LSE on 27
March 2017. The Company seeks to provide long-term shareholder
returns, principally in the form of sustainable income
distributions from exposure to the life sciences industry. The
Company seeks to achieve this objective primarily through
investments in debt assets secured by royalties or other cash flows
derived from the sales of approved life sciences products.
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END
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