Most Cairn shareholders opt for divi option

The overwhelming majority of Cairn Energy shareholders have opted to hold on to their Cairn B shares after pocketing the juicy dividend offered as the oil firm passes on some of the proceeds from its sale of its Cairn India stake.

The overwhelming majority of Cairn Energy shareholders have opted to hold on to their Cairn B shares after pocketing the juicy dividend offered as the oil firm passes on some of the proceeds from its sale of its Cairn India stake.

Cairn shareholders had three options: the single B share dividend of £1.60; an initial purchase offer of £1.60 for each of their B shares or a future purchase offer of their B shares.

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