Kerman & Co LLP advised long-standing AIM client Niger Uranium Limited in its recent dividend of 10,912,000 shares in Kalahari Minerals Plc to its shareholders. The illustrative value of the dividend (based on the closing price of Kalahari shares on 19 April 2010 of £1.68) was 16.18 pence per share.
The dividend in specie of the Kalahari shares followed the earlier cash dividend by Niger Uranium Limited of 20.4 pence per share declared on 16 February 2010.
Joan Yu and Michael Corcoran, partners in the Corporate & Commercial department, dealt with this matter.
