The Board of Directors declared a total dividend of 4.0 toea per share, comprising a normal dividend of 2.2. toea and a special dividend of 1.8 toea. The Board also announced the adoption of semi‐annual dividends.
The Board is well aware of the recent trend in the share price. The price of course is determined by day to day transactions in the market. However, strategic initiatives including the transformation program, coupled with a responsive dividend policy, should lead to improved corporate performance, and sustainable high returns to shareholders, in coming years.
Chairman of BSP, Mr Noreo Beangke, thanked shareholders for their continued support of the company and the group, and looked forward to the continued success of BSP in the coming year.
N. N. BEANGKE
Chairman
Port Moresby