Cascal's Board of Directors to Recommend a Dividend of 9 Cents Per Share to Annual General Meeting of Shareholders
July 01 2009 - 5:12PM
PR Newswire (US)
LONDON, July 1 /PRNewswire-FirstCall/ -- Cascal N.V. (NYSE:HOO)
("the Company"), a leading provider of water and wastewater
services in seven countries, today announced that its Board of
Directors will recommend a dividend of 9 cents per share to its
shareholders at Cascal's Annual General Meeting of shareholders to
be held in Amsterdam, The Netherlands during the month of August
2009. Commenting on the recommendation, Stephane Richer, Cascal
Chief Executive Officer, stated, "Given the unprecedented
environment, our board has sought a balance between conserving
capital resources for new investments and delivering a dividend. We
believe the recommended dividend is a prudent course of action,
maintaining our growth objectives and providing competitive yield
for investors." About Cascal N.V. Cascal provides water and
wastewater services to its customers in seven countries: the United
Kingdom, China, South Africa, Chile, Indonesia, Panama and The
Philippines. Cascal's customers are predominantly homes and
businesses representing a total population of approximately 4.3
million. Forward-looking statements This release contains
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements are not guarantees of future performance. There are
important factors, many of which are outside of our control, that
could cause actual results to differ materially from those
expressed or implied by such forward-looking statements including:
general economic business conditions, unfavorable weather
conditions, housing and population growth trends, changes in energy
prices and taxes, fluctuations with currency exchange rates,
changes in regulations or regulatory treatment, changes in
environmental compliance and water quality requirements,
availability and the cost of capital, the success of growth
initiatives, acquisitions and our ability to successfully integrate
acquired companies and other factors discussed in our filings with
the Securities and Exchange Commission, including under Risk
Factors in our Form 20-F for the fiscal year ended March 31, 2009,
filed with the SEC on July 1, 2009. We do not undertake and have no
obligation to publicly update or revise any forward-looking
statement. Investor Contacts: KCSA Strategic Communications Jeffrey
Goldberger / Yemi Rose +1 212.896.1249 / +1 212.896.1233 /
DATASOURCE: Cascal N.V. CONTACT: Investors, Jeffrey Goldberger,
+1-212-896-1249, , or Yemi Rose, +1-212-896-1233, Web Site:
http://www.cascal.co.uk/
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