GTP 0.00% 12.0¢ great southern limited

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  1. 930 Posts.
    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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Currently unlisted public company.

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