CCL to pay 7t dividend

CREDIT Corp Ltd (CCL) has announced a final dividend of seven toea per share payable next month.
CCL chairman Garth McIlwain said the 7 toea increase  was a 40% jump in dividend rate when compared to the five toea per share dividend paid last year.
McIlwain also advised the annual general meeting that the CCL (PNG) Ltd group had so far this year continued the strong financial performance achieved during recent years.
Meanwhile, at a recent meeting, the board of directors has accepted the resignation of Nambawan Super’s Leon Buskens from the board.
McIlwain acknowledged the valuable support Busken had given to the CCL group during his tenure and the on-going support by major shareholder Numberwan Supper he represents.
The board has decided to invite Aivu Tauvasa to join the board.
McIlwain said her formal appointment was now being worked  out.