Dont fret, just listen for the posties whistle and the cheque. The share price is only reflecting the payout.
GREAT SOUTHERN PLANTATIONS LIMITED 2002-04-15 ASX-SIGNAL-G
HOMEX - Perth
+++++++++++++++++++++++++
The directors of Great Southern Plantations Limited have today
determined to pay a special fully franked dividend of 30 cents per
share.
The company's dividend reinvestment plan ("DRP") will operate in
respect of the special dividend, with a discount of 10% to apply in
respect of shares issued under the plan for this dividend. The DRP
will be fully underwritten by Bell Potter Securities Limited.
"The decision to pay this special dividend follows a strategic review
of how to release some of the $100 million of franking credits owned
by the company," said Managing Director John Young. "The special
dividend is reflective of the strength of the Great Southern group
and our commitment to efficient capital management. The dividend is
designed to maximise value to our shareholders and to deliver the
highest possible returns both in the short and long term".
The record date in respect of the dividend will be 2 May 2002 and the
dividend will be paid on 13 June 2002.
For further information please call:
John Young Cameron Rhodes
MANAGING DIRECTOR DIRECTOR & GENERAL MANAGER
Ph (08) 9321 9733; Ph (08) 9321 9733;
0418 358 432 0438 901 804
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