Baltic Classifieds Sets GBP/EUR Exchange Rate for Dividend Payment

Baltic Classifieds has announced the exchange rate for its dividend payment to shareholders who chose to receive their payout in British pounds. The company set a GBP/EUR exchange rate of £0.8555, which will be used to calculate the sterling amount of the final and special dividend payment.

Shareholders who elected to receive payment in pounds will receive 2.6521 pence per share, equivalent to the 3.1 euro cents per share declared dividend. The total dividend comprises a final ordinary dividend of 2.8 euro cents per share and a special dividend of 0.3 euro cents per share.

The company confirmed that shareholders who did not make an election or who previously elected to receive dividends in pounds will also receive the sterling amount. Shareholders can change their currency election for future dividends through the company website at balticclassifieds.com/dividends.