Lincoln Pharmaceuticals Board recommends dividend of 12%

Lincoln Pharmaceuticals Ltd has announced that the Board of Directors of the Company at its meeting held on August 20, 2008, inter alia, has Recommended the payment of Dividend @ 12% for the year 2007-08.To consolidate the equity shares of face value of Rs 2/- each to face value of Rs 10/- each subject to approval of shareholders at ensuing AGM.The stock closed the day at Rs.6.36, up by Rs.0.03 or 0.47%. The stock hit an intraday high of Rs.6.48 and low of Rs.6.32.The total traded quantity was 25580 compared to 2 week average of 36465.