The Company has a formalised policy which aims to pay dividends to shareholders at least once a year, balancing returns to shareholders with prudent capital management and consistent with the Company’s overall governing objective of maximising shareholder value over time.
The Board will review the dividend policy from time to time and reserves the right to modify, amend and update the policy.
For the half year ended 30 June 2024, the Board of Directors has declared and paid an interim dividend of 0.01 cents per ordinary share (tax exempt one-tier).
The Board of Directors has also declared a final dividend of 0.03 cents per ordinary share (tax exempt one-tier) for the financial year ended 31 December 2024. Subject to shareholders’ approval at the forthcoming 64th Annual General Meeting of the Company, the proposed final dividend for financial year ended 31 December 2024 will be payable on 14 May 2025. Duly completed registrable transfers of the ordinary shares in the capital of the Company received by the Company’s registrar up to 5.00 pm on 5 May 2025 will be registered to determine members’ entitlements to the final dividend.