Download 29 August 2014 MTF ordinary share dividend policy MTF has

29 August 2014
MTF ordinary share dividend policy
MTF has revised its ordinary share dividend policy. Based on solid new loan
performance and a recent successful medium term note issue, MTF is confident
that it has a solid operating base of sustainable sales growth, funding certainty
and sufficient capital to contemplate a confident future.
MTF will target distribution in a range 40% - 50% of underlying profit after tax,
with payment subject to the medium term trading outlook, prudential capital
requirements and capital expenditure needs. MTF intends to pay interim
dividends at the end of January, April, and July, with a final dividend expected to
be declared and paid in November, following completion of the audited financial
statements. Dividends will be fully imputed to the extent of imputation credits
available.
Contact:
Angus Bradshaw
Managing Director
03 467 7988