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,
OCV
octaviar limited
ARL holding the fort; but where's Dgenny?i
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