OREANDA-NEWS. July 09, 2012. Globaltrans Investment PLC (the “Company” and together with its consolidated subsidiaries “Globaltrans” or the “Group”), (LSE ticker: GLTR) today announces that its Board of Directors approved the Company's dividend policy.

The dividend policy is to recommend to shareholders, for their approval at the Group’s Annual General Meeting, a dividend per annum of not less than 30 percent of the imputed consolidated net profit of the Group, if any, based on the Group's consolidated financial statements for the immediately preceding financial year, prepared in accordance with International Financial Reporting Standards as adopted by the EU.

When adopting the dividend policy, the Board of Directors expects that it will remain in force for an indefinite period of time. However, the provisions of this dividend policy are subject to modification from time to time as the Board of Directors may deem appropriate. The payment of any dividend is subject to the requirements of Cypriot law which provides that dividends can be paid out of net accumulated distributable profits of the Company.