AVJennings Declares Special Dividend Ahead of Planned Acquisition by PM Nominees
AVJennings has announced a fully franked special dividend of AU$0.167 per share, contingent on its acquisition by PM Nominees. The record date for the special dividend is July 29, with payment on August 6. This dividend reduces the scheme consideration to AU$0.488 per share, with the scheme record date on August 11 and payment expected on August 14, pending approval. The company's shares rose nearly 1% in recent trading.
AVJennings declared a fully franked special dividend of AU$0.167 per share, conditional on the completion of its acquisition by PM Nominees, according to a Monday Australian bourse filing.
The special dividend record date is July 29, with payment expected on Aug. 6, the filing said.
The special dividend reduces the scheme consideration to AU$0.488 per share, with the scheme record date set for Aug. 11 and payment expected on Aug. 14, subject to the scheme's approval, the filing added.
The company's shares were up almost 1% in recent Monday trade.
