OCV octaviar limited

ARL holding the fort; but where's Dgenny?i

  1. 7,867 Posts.
    Why are we knocking this???

    2 July 2015- Announcement
    At the EGM on 22 June 2015, the resolution for the distribution to be a return of capital was passed.
    ARL is currently waiting for the outcome of the final ATO Class Ruling to complete the distribution
    which is currently scheduled for 13 July 2015.
    The ARL Board was notified on 22 June 2015 that the Liquidators of Octaviar Administration are deferring
    the distribution of the intended fifth dividend (after issuing notice to ARL of intention to declare the dividend).
    Whilst the ARL Board has sufficient cash to make the $0.01 return of capital, it has been decided
    by the ARL Board that in light of this change in circumstances it is prudent that the Board reduces
    the return of capital to $0.009 per share in order to fund the ongoing operations of ARL until this dividend is received.


    It's O'K by me; there are still dividents to come!

    Cheers,
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.