|
 |
|
VITERRA DELAYS DIVIDEND PAYMENT UNTIL AFTER CLOSING OF ITS ACQUISTION
Jun. 26, 2012
Source: Viterra Inc. news release
Viterra Inc. (Viterra) (TSX:VT) (ASX:VTA) previously announced a C$0.075 per share dividend, to be paid on July 26, 2012, to holders of both the Company's common shares listed on the Toronto Stock Exchange (TSX) and CHESS Depositary Interests (CDIs), which trade on the Australian Securities Exchange (ASX), as at the record date of July 6, 2012.
Following the dividend announcement, Viterra sought and has been granted a temporary waiver of certain of the ASX Settlement Operating Rules. Under the authority of this waiver, the processing of conversions of common shares to CDIs, or CDIs to common shares, lodged on or after July 2, 2012, will be deferred until after the record date of July 6, 2012.
Due to the different settlement and conversion procedures applicable to each of the two exchanges, the timing and application of the cum-dividend / ex-dividend periods prior to the above mentioned record date will be different for common shares and for CDIs. The deferral of conversions between the two registers is a precautionary measure to ensure accurate determination of security holders on each register on the record date, and to ensure a consistent approach is applied to all security holders and their dividend entitlement.
|
|
|
|
|
