VRL 0.00% $3.22 village roadshow limited

edwardsh re vrl

  1. 34,500 Posts.
    lightbulb Created with Sketch. 1
    I don't understand the why you think that VRLPA will pay a dividend?

    In future they might not pay again.....


    ASIC Concludes Enquiries into Village Roadshow

    VILLAGE ROADSHOW LIMITED 2003-06-03 ASX-SIGNAL-G

    HOMEX - Brisbane

    +++++++++++++++++++++++++
    MEDIA RELEASES

    The Australian Securities and Investments Commission (ASIC) today
    announced the conclusion of its enquiries into the suspension of
    preference share dividends by Village Roadshow Limited (Village
    Roadshow).

    ASIC found that the decision by the board of Village Roadshow to
    suspend preference share dividends was permitted under the
    constitution of the company. ASIC's findings are supported by advice
    from senior counsel.

    ASIC considers that in future, issuers of preference share
    prospectuses should comprehensively disclose any risk of the
    suspension of dividends.




    ASIC Website: www.asic.gov.au

 
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