- Release Date: 12/12/12 18:35
- Summary: DIVIDEND: PGW: PGG Wrightson Dividend Policy
- Price Sensitive: No
- Download Document 1.21KB
PGW 12/12/2012 16:35 DIVIDEND REL: 1635 HRS PGG Wrightson Limited DIVIDEND: PGW: PGG Wrightson Dividend Policy It was foreshadowed at the PGG Wrightson's annual shareholders meeting on 24 October 2012 that it was the intention of the board of directors to announce a dividend policy during the current financial year. The Chairman of PGG Wrightson, Sir John Anderson said that the board of directors intend to recommence dividends and have resolved to adopt a dividend policy geared towards providing a consistent dividend stream while maintaining financial flexibility through the business cycle. The dividend policy is as follows: The PGG Wrightson board will determine to pay cash dividends (both interim and final) as appropriate taking into account relevant considerations at the time including: - working capital requirements; - capital expenditure requirements; - the cyclical nature of agricultural business recognising that the majority of revenue is generated in the second half of the financial year; - the interests of shareholders; - free cash-flow available for distribution; and - relevant market practice. Contact: Sir John Anderson, Chairman End CA:00231022 For:PGW Type:DIVIDEND Time:2012-12-12 16:35:14
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