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SOCO unveils 40p/share shareholder return
August 29, 2013 / 6:32 AM / 4 years ago

SOCO unveils 40p/share shareholder return

LONDON, Aug 29 (Reuters) - Soco International, the oil exploration and production company focused in west Africa and Vietnam, unveiled its promised first payout to shareholders on Thursday.

Reporting record production for a third succesive half-year, the company said it would pay 40 pence per share to shareholders by means of a share scheme and would target a future shareholder return of 50 percent of free cash flow.

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