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.
The Credit Corporation Board has today advised that it has appointed an independent consultant
to assist the Board in its consideration of strategic options to deliver enhanced value to
shareholders.
As part of the Group’s new strategic direction, the Board has appointed PwC
CHANGE OF DIVIDEND PAYMENT METHOD
Credit Corporation (PNG) Limited “CCP” today announces a change to the method of payment
of dividends to shareholders.