Philly Shipyard to Pay Dividend

Philly Shipyard ASA has provided key information relating to the cash dividend to be paid by PHLY

Dividend amount: USD 3.75 per share

Declared currency: USD

Last day including right: 12 May 2016

Ex-date: 13 May 2016

Record Date: 18 May 2016

Payment date: On or about 23 May 2016 

Approval date: 6 May 2016

Other information:  The USD equivalent of NOK 231,177,204 of the dividend is classified for accounting purposes as a repayment of previous paid in share premium. The remainder is paid out of retained earnings.