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Hi Team Re Johns Lyng, are they sitting on franking credits? If so any chance they will pay a franked dividend before the takeover? Assuming it goes ahead. Thanks Phil
Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi Team Re Johns Lyng, are they sitting on franking credits? If so any chance they will pay a franked dividend before the takeover? Assuming it goes ahead. Thanks Phil
Hi Phil,
No chance at this stage. The Bidder Statement (Scheme Implementation Deed) doesn’t mention a dividend so they are contractually restricted from declaring or paying dividends during the takeover period unless already agreed, which is not the case here. There will be a final Scheme Booklet issued closer to the vote in October 2025, but we doubt anything will change.
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