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JLG

Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

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Question asked

JLG

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

Answer

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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