SIP 1.55% $1.31 sigma pharmaceuticals limited

speical divvy, page-3

  1. 3,740 Posts.
    From reading from the latest ann

    The balance of $217 million, representing the difference
    between the gross Transaction proceeds of $900 million
    and the use of proceeds detailed above, has been
    included as part of cash and cash equivalents for the
    purposes of the unaudited pro-forma consolidated
    balance sheet.

    Any decision regarding application of the proceeds will
    be made after a full consideration of Sigma?s forecast
    financial requirements including working capital, capital
    expenditure and litigation expenses (including the
    Shareholder Class Action commenced on 29 October
    2010). It is possible that the applicants in the Shareholder
    Class Action will seek to prevent, or limit Sigma?s ability to
    pay, a special dividend.

    Sound like the board is prepare might not to pay the dividend.
 
watchlist Created with Sketch. Add SIP (ASX) to my watchlist

Currently unlisted public company.

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