Brief: BNK Banking To Return A$60 Mln To Shareholders Via Special Dividend

BNK Banking

02/05/2022 23:13

May 3 (Reuters) - BNK Banking Corporation Ltd  BBC.AX :
    * BNK UPDATE ON STRATEGIC REVIEW
    * BOARD TO RETURN A$60 MILLION IN SALE PROCEEDS TO
SHAREHOLDERS
VIA SPECIAL DIVIDEND
    * SPECIAL DIVIDEND EXPECTED TO BE PAID IN Q1 FY23
    * INTERIM CEO, ALLAN SAVINS, APPOINTED AS CEO OF BNK
    * POST SPECIAL DIVIDEND, MARCH 2022 PROFORMA CAR & NET
ASSETS WAS
35.7% AND A$131 MILLION RESPECTIVELY
    * PROCEEDS OF FINSURE SALE WERE A$152.2 MILLION, AFTER
COMPLETION
OF STRATEGIC REVIEW
    * INTENDS TO PURSUE ITS CONTINUED DIVERSIFIED GROWTH
STRATEGY
    * GAIN ON FINSURE SALE OF ABOUT A$100 MILLION (BEFORE TAX),
TO BE
REFLECTED IN BNK'S SECOND HALF RESULTS

Source text for Eikon:  ID:nASX9kXJ8M 
Further company coverage:  BBC.AX 

 ((Reuters.Briefs@thomsonreuters.com;))