Brief: Sunland Group Announces Fully Franked Special Dividend Of 20 AU Cents Per Share

Sunland

22/06/2023 02:08

June 22 (Reuters) - Sunland Group Ltd  SDG.AX :
    * FULLY FRANKED SPECIAL DIVIDEND OF 20 AU CENTS PER SHARE
PAYABLE
27 JULY 2023
    * NOW COMPLETED REMAINING PROJECTS AND SOLD ALL UNDEVELOPED
INVENTORY
    * HAS SOME REMAINING ASSETS, WHICH ARE NOT MATERIAL AND ARE
ON
MARKET FOR SALE
    * MONTAINE RESIDENCES PROJECT - ONLY 10 HOUSES ARE YET TO
SETTLE,
BUT ARE EXPECTED TO SETTLE THROUGH JUNE
    * PROPOSED DIVIDEND ESTIMATED AT 11 AU CPS WHICH DIRECTORS
ANTICIPATE BEING DECLARED FOLLOWING RELEASE OF FY23 RESULTS
    * CAPITAL DISTRIBUTIONS OF A$0.90 PER SHARE ARE PROPOSED

Source text for Eikon:  ID:nASX72f9JM 
Further company coverage:  SDG.AX 

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