Trent board recommends dividend payment

Trent Ltd. | Retailing | Retail | BSE: 500251 | NSE: TRENT

28 May 2012 Evaluate

Trent has informed that the Board of Directors of the Company at its meeting held on May 28, 2012, have recommended payment of dividend at the rate of 65% i.e. Rs. 6.50 per Equity Share of Rs. 10 each on 2,72,49,519 Equity Shares, for approval by the shareholders and approves Cumulative Compulsorily Convertible Preference Shares (CCPS) Series B.

Further, the company recommended payment of dividend at the rate of 0.1% per annum i.e. paise 2.02 per CCPS Series B of Rs. 10 each on 44,51,414 CCPS Series B from the date of allotment, i.e. August 28, 2010 and up to the date on which the CCPS Series B are compulsorily and automatically converted into one fully paid up Equity share of Rs. 10 each i.e. September 01, 2012.The dividend on CCPS Series B will be paid within 30 days after the same has been approved by the shareholder at the forthcoming Annual General Meeting as per the Letter of Offer. Also, recommended payment of dividend at the rate of 0.1% i.e. Re. 1 per Redeemable Preference Share of Rs. 1000 each, on 70,000 Preference Shares, for approval by the shareholders.

The above information is part of company’s filing submitted to the BSE.