RHDGF - Retail Holdings N.V. Announces Annual Meeting And Additional Distribution
WILLEMSTAD, Curaçao, July 5, 2018 /PRNewswire/ -- Retail Holdings N.V. (Symbol: RHDGF) -- Retail Holdings N.V. (the "Company") announced today that the Company's Annual General Meeting (the "AGM") will be held in Curaçao on September 6, 2018. On or about July 25, 2018 proxy material for the AGM will be sent to Shareholders of record as at July 18, 2018. The Proxy Notice and a copy of the Proxy Card are available to Shareholders on the Corporate/Investor section of the Company's website: www.retailholdings.com.
The Board of Directors is recommending for Shareholder approval at the AGM, confirmation of the earlier distribution of $9.00 per Common Share paid to Shareholders in January 2018, and an additional distribution of $1.00 per Common Share, bringing the total dividend/distributions paid to Shareholders since inception of the program in 2007 to $28.75 per Common Share. Assuming Shareholders accept the recommendation of the Board, the record date for the distribution will be November 1, 2018. The distribution will be paid on or about November 8, 2018.
About Retail Holdings
Retail Holdings N.V.is a holding company with one principal asset: a 54.1% equity interest in Sewko Holdings Limited ("Sewko"), the parent company of Singer Asia Limited, a distributor of consumer durable products through public subsidiaries in Bangladesh and India, with a residual equity interest in a similar business in Sri Lanka. Retail Holdings N.V. has no operating activities other than those carried out through Sewko/Singer Asia. Additional financial and other information about Retail Holdings N.V. may be found at the Corporate/Investor section of the Company's website: www.retailholdings.com. Price quotations for the Company's shares are available on the "Pink Sheets" quotation service under the symbol "RHDGF".
For further information, please contact Amy Pappas at 1-914-241-3404.
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SOURCE Retail Holdings N.V.