CCP-Distribution of BSP Shares
The Board of Credit Corporation (PNG) Limited (the “Company” or “Credit Corporation”) is pleased to announce that, in response to the non-binding shareholder resolutions passed at the Annual General Meeting on 27 June 2019, it has completed its review of the likely impacts of a potential in specie distribution of the shares held by the Company in Bank of South Pacific Limited (“BSP”) (the “Proposal”).
This presentation has been prepared and issued by Credit Corporation (PNG) Limited (the “Company”), and may not be reproduced in whole or in part, nor may any of its contents be disclosed to any other person without the prior written consent of the Company.
This presentation is provided by the Company for general information purposes only, without taking into account any recipient’s personal objectives, financial situation or needs. It should not form the basis of or be relied on by the recipient in considering the merits
Credit Corporation Group delivered an excellent first half to 30 June 2019 (1H19) with a 31.5% increase in Core Operating Profit to K70.7m and a 12.6% increase
CCP 2019 Half Year Results PNGX
Results for announcement to the market
Comparisons of current half year to 30 June 2019 are with the half year to 30 June 2018.
Credit Corporation PNG is pleased to announce that it has declared a final dividend on ordinary shares in
respect of the FY18 financial year of 13 toea per share (FY17 final dividend: 11 toea per share).
This brings the total dividend for FY18 to 19 toea per share (FY17: 15 toea per share), representing a 27%
increase on the previous year.
The planned processing dates for the 2018 final dividend are:
RETIREMENT OF DIRECTOR
This notice is issued to inform the market that Mr. David Doig retired from the Board of Credit Corporation (PNG) Limited on the 27th of June 2019.The Board acknowledges the contribution and service of Mr Doig to the Board and Company during his three year term.We wish him well