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Transpower to pay special dividend
Media release 26 June 2013
Transpower to pay special dividend
Transpower announced today that it would pay a special dividend to its shareholder of $65.7 million on 28 June 2013.
Transpower’s Chairman Mark Verbiest said the special dividend is a result of the successful sale of Transpower’s Sydney-based subsidiary company d-cyphaTrade Limited.
“As d-cyphaTrade and its future development opportunities were not core business for Transpower, it was sold late last month to ASX Limited for $A55 million.” “We are pleased to be able to provide an additional financial return to our shareholder following what has been a very successful development of d-cyphaTrade from a start-up 11 years ago.
“This special dividend is in addition to our regular dividends,” he said.
ENDS
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