NSA Nimrod Sea Asst

TIDMNSA

RNS Number : 4223T

Nimrod Sea Assets Limited

29 March 2016

NIMROD SEA ASSETS LIMITED

DIVIDEND DECLARATION AND UPDATE

Overview

Nimrod Sea Assets Limited (LSE:NSA) (the "Company") is a Guernsey domiciled company with Ordinary Shares (ISIN: GG00BK0SC854, SEDOL: BK0SC85) admitted to trading on the Specialist Fund Market of the London Stock Exchange.

Declaration of Dividend

As per the Company's announcement dated 19 June 2015, (RNS Number: 7405Q) which advised that the Board anticipated declaring a quarterly dividend of 2 cents per Ordinary Share from the end of June 2015 until March 2016; the Directors of the Company on 29 March 2016 declared an interim dividend of 2 cents per Ordinary Share for the financial period ending 31 March 2016. This will be funded by income received net of expenditure and added to from the Company's capital resources.

This dividend will be payable on or around 22 April 2016 to shareholders on record on 8 April 2016. The corresponding ex-dividend date will be 7 April 2016.

Return of Uninvested Capital

As previously commented, the Board anticipates returning unrequired uninvested capital after March 2016. Save for unanticipated market changes or events, the Company anticipates returning a further 20 cents per Ordinary Share at that stage. The Company will consider the best method of returning this sum to shareholders and a further announcement on this return will be released shortly.

The Company is focused on maximising the return to shareholders from its existing assets and on ensuring it has the correct resources to do this.

Investor information

The Company's latest quarterly factsheet for the period ending 29 February 2016 is available on the Company's website:

http://nimrodseaassets.com/wp-content/uploads/2014/03/20160229-INVR-Quarterly-Factsheet.pdf

This document has been issued by, and is the sole responsibility of the Company and is for information purposes only. It is not, and is not intended to be an invitation, inducement, offer, or solicitation, to deal in the shares of the Company. The price of shares in the Company and the income from them may go down as well as up and investors may not get back the full amount invested on disposal of shares in the Company. An investment in the Company should be considered only as part of a balanced portfolio of which it should not form a disproportionate part. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decision.

By order of the Board

29 March 2016

For further information, please contact:

For administrative and Company information:

JTC (Guernsey) Limited

+44 (0) 1481 702400

For shareholder information:

Nimrod Capital LLP

Richard Bolchover

Marc Gordon

+44 (0) 20 7382 4565

E&OE - in transmission

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

March 29, 2016 09:15 ET (13:15 GMT)

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