Dutch pet food producer MTY Holdings to pay interim dividend of €2.09/share

Nevin Barich

NETHERLANDS , April 8, 2014 (SeeNews) – Dutch pet food producer MTY Holdings (AMS:MTY), formerly Witte Molen, said Tuesday it would pay an interim dividend of EUR 2.09 (USD 2.87) per share in addition to the EUR 3 per share paid in September 2013.

Main shareholder Value8 (AMS:VALUE), which owns about 85% of MTY's shares, will cash nearly EUR 1.5 million, the investment firm said, adding it would use the proceeds to further expand the group. This includes the addition of new participations and add-on investments.

The dividend payment is a result of the sale of most of the company's property in Meeuwen, southern Netherlands, to local pet food wholesaler Laroy Duvo. The sale was approved by shareholders on March 13.

MTY shares will be quoted ex-dividend on April 9.

(EUR 1.0 = USD 1.374)

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