StockMarketWire.com - Circle Property reports excellent progress since its AIM admission in February and announced a maiden dividend for the six months to the end of March.

The group says the during the period since its admission to AIM, it has successfully progressed a number of asset management initiatives which have helped contribute to a 12.3% like-for-like increase in Circle's portfolio valuation, since the 30 September 2015 half year, and acquisitions which have increased the portfolio valuation to £77.7 million as at the 31 March 2016 year-end valuation. 135, Aztec West in Bristol and Somerset House in Birmingham were acquired in December 2015 and January 2016 respectively. The board has announced a maiden dividend of 2.4 pence per ordinary share for the six month period ending 31 March which will be paid on 26 May to shareholders on the register at the close of business on 20 May with an ex-date of 19 May.

Chief executive John Arnold said: "We have made excellent progress since our AIM Admission in February 2016 and continue to add value to our portfolio through active asset management, as reflected in the 12.3% like for like increase in portfolio valuation in the second half of the year. I am also pleased to be able to announce Circle's maiden dividend which underlines the Board's confidence in the management team's continued ability to create shareholder value form the existing portfolio and from carefully selected acquisitions where they see clear asset management opportunities."






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