OCV octaviar limited

Red hot news!!!DIVIDENDS, !!!

  1. NOR
    1,000 Posts.
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    The Manager
    Company Announcement Office
    NSX
    Level 2, 117 Scott Street
    Newcastle NSW 2300
    Dear Sir/Madam
    Second Dividend announced by Octaviar Ltd (“OL”) liquidators
    Shareholders may recall that Asset Resolution Limited (“ARL”) had a claim against OL and was
    expecting to receive a distribution during the course of January 2018. We were then told that this had
    been delayed
    The liquidators of OL have advised ARL that we will be receiving a dividend of $547,743.54 shortly.
    The amount of any further distributions is not known.
    ARL currently has $8 million cash, $3.25 million mortgage loan asset at call and 4,062,961 shares on
    issue. ARL does not currently have a dividend policy. The funds are expected to be used for future
    investment or the Shareholder approved Off Market Buyback.​
    For further information please contact ARL’s company secretary, Vicky Allinson on 08 8423 0170 or
 
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