Yes, thanks h-b, it's in the prospectus.
Section 9
What is the Company’s
dividend policy?
It is the current intention of the Board to pay unfranked dividends in respect
of full financial years for the Company ending 31 December each year.
The Company has adopted a dividend policy pursuant to which it intends to
distribute a minimum of 10% of NPAT to shareholders by way of dividends.
The maximum amount of NPAT to be distributed by way of a dividend in any
given financial year shall be 20% of NPAT.
The Company intends to commence payment of dividends to the Company’s
shareholders by way of an interim dividend to be paid in September/October
2016, and payable thereafter on an annual basis at or around March/April of
each year commencing from 2017.
Despite the intentions set out in this Section, no guarantee can be given
about the level or payment of dividends, the level of imputation or franking of
such dividends or the payout ratios as these matters depend upon the future
profits of the WONHE Business and the Company, its financial and taxation
position and the Directors’ views of the most appropriate payout ratio at that
time.
Maybe when they get their $23 million in the next 30 days they might use some of it to reward shareholders with a special dividend?
March /April next year is a long time to wait.
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