Investment company maintains regular returns: Chairman


THE Kina Asset Management Limited (KAML) board has announced a two toea dividend per share for the half-year ending June 30 of 2017.
It said it was a testament to the financial strength of the company and a commitment to maintain regular returns to its shareholders.
The shares will trade ex-dividends from Sept 12.
The record date will be Sept 20. Payment will be made to eligible shareholders on Oct 4.
KAML chairman Sir Rabbie Namaliu said the board was pleased to again offer shareholders the opportunity to participate in the company’s dividend reinvestment plan.
“The plan is an easy, cost-effective way to increase shareholder investment in Kina,” he said.
“It will be available for the dividend for the half-year ended June 30, 2017, and a discount of 2.5 per cent will apply to the reinvestment on this dividend.”
The plan shares will be issued to shareholders using the weighted average market price of the company’s shares sold on POMSoX during the seven trading days starting on the trading day after Sept 20, 2017.
Sir Rabbie said shareholders who had previously elected to participate in the plan would automatically be registered as participants for the upcoming dividend.
“To elect to participate in the plan, or change an existing instruction for the dividend payable on Oct 4, 2017, shareholders election advise must be received by 5pm on Sept 20,” Sir Rabbie said.

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