Corpcapital (CPA) on Monday announced that it will distribute a total of 52,5 cents per share to shareholders arising from the termination of banking activities within the group, which has returned cash in excess of the company’s working capital requirements and planned investment activity.
The special distribution comprises a dividend of 2 cents per share and a return of share capital of 50,5 cents per share. In aggregate, the special distribution will amount to R231,139-million rand, it said.
The distribution is subject to shareholder approval. – I-Net Bridge