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Why Is Spheria Emerging Companies Buying Shares On-Market Instead of Issuing Them?
3:17am on Monday 2nd of June, 2025 AEST
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Financial Services
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Why Is Spheria Emerging Companies Buying Shares On-Market Instead of Issuing Them?
3:17am on Monday 2nd of June, 2025 AEST
Key Points
Dividend of AUD 0.035 per share fully franked for quarter ending 31 March 2025
Share price below post-tax NTA on ex-dividend date triggers DRP on-market purchases
Dividend Reinvestment Plan (DRP) will acquire existing shares instead of issuing new ones
No shareholder or regulatory approvals required for dividend payment
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Spheria Emerging Companies (ASX:SEC)
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