Amsterdam, 11 May 2009 - New World Resources N.V. (“NWR”) announces that it has fixed the Euro exchange rate for the payment of the final dividend for 2008 and the equivalents of EUR 0.18 per share final dividend are GBP 0.1619 in British Pound Sterling, CZK 4.7893 in Czech Koruna and PLN 0.7867 in Polish Zloty.
On 24 February 2009, NWR declared a final dividend for the year ended 31 December 2008 of EUR 0.18 per share. NWR publishes its accounts in Euros but has made arrangements for shareholders, who elected to do so prior to 30 April 2009, to receive the final dividend in British Pound Sterling, Euros, Czech Koruna or Polish Zloty, with the respective amounts payable determined by the Euro exchange rate fixed on 11 May 2009. The default election, for the shareholders that did not express their preference, will be deemed to be British Pound Sterling.
Subject to various exceptions and exemptions, shareholders are generally subject to Dutch dividend withholding tax at the rate of 15 per cent on dividends distributed by the Company, which sum the Company is required to withhold and account for to the Dutch tax authorities. Shareholders should consult their own tax advisers as to the particular tax consequences for them of receiving dividends from the Company.
These rates are as noted below:
The payment date for this dividend is 22 May 2009.
- Ends -
New World Resources N.V.
New World Resources is the sole owner of OKD, a.s., the Czech Republic’s largest hard coal mining company and one of the largest producers in Central Europe by revenue and volume. Serving customers in the Czech Republic, Slovakia, Austria, Poland, Hungary and Germany, the Company produced 12.7 mt of coal in 2008, 7.4 mt of which was coking coal.
For further information please contact:
Agnes Blanco Querido
Head of Investor Relations
Tel: +31 20 570 2270
Exchange rates for the final dividend 2008 (EN) (131 Kb PDF)
Exchange rates for the final dividend 2008 (CZ) (42 Kb PDF)
Exchange rates for the final dividend 2008 (PL) (42 Kb PDF)