The payment of dividends is subject to the recommendation of the Board of Directors and approval by the Company’s shareholders, always provided the regulatory minimum distribution is observed.
As a policy the Board will consider the best interests of the Company and its shareholders.
The level of dividends is discretionary and generally in line with market practice. Any future dividend payments by the Company will depend on a number of factors including but not limited to the company’s operational performance, financial results,
financial condition and prospects, as well as cash and liquidity requirements (including capital expenditure and investment plans) the market situation, legal regulatory and other such factors as the Board may deem relevant at the time.
The Company believes that the payment of dividends is an important element in creating shareholder value for its investors and subject to the above, it is the policy of the company at this time, which may be subject to changes in the future, to propose to the shareholders cash dividends generally in line with the market.