OSL final dividend
OIL Search will be paying a final dividend of US$0.04 per ordinary share to its shareholders on Thursday, March 20.
This equates to K0.112 per ordinary share for those shareholders “domiciled in Papua New Guinea”, Michael Sullivan, Oil Search Group secretary and general counsel, said on Monday.
He said Great Britain pounds will paid be “for those shareholders that have lodged direct credit details requesting a GB pounds credit” at two pence per ordinary share.
Mr Sullivan said all other shareholders will be paid in Australian dollars at A$0.043 per ordinary share they hold.
“The exchange rates used for converting the US dollar divided into payment currencies are the closing rates as on the record date, Friday, March 7,” he said.
The closing exchange rate last Friday for the Australian currency was US$0.9265; kina was US$0.3560 and pound was US$2.0133.
“The dividends are unflanked and no withholding tax will be deducted. However, shareholders are urged to seek their own tax advice in this regard,” Mr Sullivan said.
Business Stories