DP World Limited held their Annual General Meeting (AGM) in respect of the full year 2011 this morning, with all resolutions put to shareholders passed, with over 99% of the votes cast in favour.
Shareholders voted in favour of the re-appointment of all eight Directors of the DP World Board.
The resolutions also included the approval of a dividend of 24 US cents per share for the full year 2011.
Chairman Sultan Ahmed Bin Sulayem said;
“On behalf of the Board of DP World I am pleased to announce that our shareholders have approved the dividend in respect of the full year 2011. The dividend of 24 US cents per share will be paid on 2 May 2012.”
During the meeting Chairman, Sultan Ahmed Bin Sulayem updated shareholders on DP World’s performance in first quarter of the year4 saying;
“ Across our global portfolio of marine terminals, DP World has seen a 9.5% increase in gross volumes in the first quarter of 2012 handling 13.8 million TEU (twenty-foot equivalent units).
“This growth was driven by an excellent performance in our Asia Pacific and Indian Subcontinent region which reported 14.6% growth in volumes as new capacity across the region supported strong growth across our Asia Pacific portfolio. Growth in Europe, Middle East and Africa region was 4.4% with a good performance in the Middle East and Africa mitigating the ongoing challenging operating environment in Europe. The Americas and Australia region reported growth of 8.7% driven by a very strong performance in the Americas region.”
“Jebel Ali, UAE has continued to deliver strong volume growth handling 3.2 million TEU in the first three months of the year, 8.5% ahead of the same period last year.”
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Dredging Today Staff, May 1, 2012