Grace, Kennedy – New Dividend Policy

Posted: September 25, 1997 at 12:00 am

At a Board meeting on september 25, the Directors adopted a dividend policy as under: To distribute at least 10% of the net profit attributable to stockholders. The new policy must be viewed against the background of an unpredictable economy. However, the company intends to maintain a total dividend pay out in dollars which is […]


Grace, Kennedy & Co. – Share Capital Increase

Posted: September 4, 1997 at 12:00 am

At the company’s Board meeting on September 3, the directors agreed to recommend the following to the shareholders: That the authorised share capital of the company be increased to $200 million by the creation of 50 million ordinary shares of $1.00 each; That the sum of $37.1 million be capitalised and applied in paying up […]


Grace, Kennedy – Net Interim Dividend

Posted: April 2, 1997 at 12:00 am

At the Board meeting on April 2, 1997, a resolution was adopted for the payment of net interim dividend of 30 cents per stock unit to be paid out of franked income on May 9, 1997 to stockholders on record at the close of business on April 17, 1997.