Notification of dividend / distribution
Announcement Summary
Entity name
STEAMSHIPS TRADING COMPANY LIMITED
Security on which the Distribution will be paid
SST - 50 TOEA ORDINARY FULLY PAID
Announcement Type
New announcement
Date of this announcement
Tuesday April 13, 2021
Distribution Amount
PGK 0.80000000
Ex Date
Thursday April 29, 2021
Record Date
Friday April 30, 2021
Payment Date
Friday July 30, 2021
Additional Information
The final dividend declared for 2020 is Eighty Toea (PGK0.80) which is equivalent to $0.28 converted at approximate exchange rate of 0.35. However, actual amount paid equivalent in AUD will depend on exchange rate secured on Payment Date (Friday, July 30, 2021).
Refer to below for full details of the announcement
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Notification of dividend / distribution
Announcement Details
Part 1 - Entity and announcement details
1.1 Name of +Entity
STEAMSHIPS TRADING COMPANY LIMITED
1.2 | Registered Number Type | Registration Number |
ARBN | 055836952 | |
1.3 | ASX issuer code | |
SST |
- The announcement is New announcement
- Date of this announcement
Tuesday April 13, 2021
1.6 ASX +Security Code
SST
ASX +Security Description
50 TOEA ORDINARY FULLY PAID
Part 2A - All dividends/distributions basic details
2A.1 Type of dividend/distribution
Ordinary
2A.2 The Dividend/distribution:
relates to a period of twelve months
2A.3 The dividend/distribution relates to the financial reporting or payment period ending ended/ending (date)
Thursday December 31, 2020
2A.4 +Record Date
Friday April 30, 2021
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Notification of dividend / distribution
2A.5 Ex Date
Thursday April 29, 2021
2A.6 Payment Date
Friday July 30, 2021
2A.7 Are any of the below approvals required for the dividend/distribution before business day 0 of the timetable?
Security holder approval
Court approval
Lodgement of court order with +ASIC
ACCC approval
FIRB approval
Another approval/condition external to the entity required before business day 0 of the timetable for the dividend/distribution.
No
2A.8 Currency in which the dividend/distribution is made ("primary currency")
PGK - Kina
2A.9 Total dividend/distribution payment amount per +security (in primary currency) for all dividends/distributions notified in this form
PGK 0.80000000
2A.9a AUD equivalent to total dividend/distribution amount per +security
AUD 0.28000000
2A.9c FX rate (in format AUD 1.00 / primary currency rate): AUD
FX rate (in format AUD rate/primary currency rate) Primary Currency rate
AUD 1.00 | PGK 0.80000000 |
2A.10 Does the entity have arrangements relating to the currency in which the dividend/distribution is paid to securityholders that it wishes to disclose to the market? No
2A.11 Does the entity have a securities plan for dividends/distributions on this +security?
We do not have a securities plan for dividends/distributions on this security
2A.12 Does the +entity have tax component information apart from franking?
No
2A.13 Withholding tax rate applicable to the dividend/distribution (%)
15.000000 %
Part 3A - Ordinary dividend/distribution
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Notification of dividend / distribution
3A.1 Is the ordinary dividend/distribution estimated at | 3A.1a Ordinary dividend/distribution estimated amount |
this time? | per +security |
No | PGK |
3A.1b Ordinary Dividend/distribution amount per | |
security | |
PGK 0.80000000 | |
3A.2 Is the ordinary dividend/distribution franked? | |
No | |
3A.3 Percentage of ordinary dividend/distribution that is | |
franked |
0.0000 %
3A.4 Ordinary dividend/distribution franked amount per +security
PGK 0.00000000
3A.6 Ordinary dividend/distribution unfranked amount per +security excluding conduit foreign income amount
3A.5 Percentage amount of dividend which is unfranked
100.0000 %
PGK 0.80000000
Part 5 - Further information
5.1 Please provide any further information applicable to this dividend/distribution
Dividend distributions in Australian Dollars to non-resident PNG shareholders on Friday, 30 July, 2021 is dependent on the company's ability to secure foreign exchange. Currently due to Bank of Papua New Guinea exchange rate controls, there is a large back log of currency purchase orders.
5.2 Additional information for inclusion in the Announcement Summary
The final dividend declared for 2020 is Eighty Toea (PGK0.80) which is equivalent to $0.28 converted at approximate exchange rate of 0.35. However, actual amount paid equivalent in AUD will depend on exchange rate secured on Payment Date (Friday, July 30, 2021).
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Disclaimer
Steamships Trading Company Limited published this content on 13 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 April 2021 23:30:02 UTC.