Spheria Emerging Cos. Ltd. (AU:SEC) has released an update.
Spheria Emerging Companies Limited has announced an update to a previous dividend/distribution notification, revealing that due to a share price below its post-tax NTA per share on the ex-dividend date, dividends on shares subject to the Dividend Reinvestment Plan (DRP) will be used to buy shares on-market. The company will provide a subsequent update regarding the average purchase price of these shares. This financial maneuver comes as part of their quarterly dividend distribution related to the period ending March 31, 2024.
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