Court Approval Pending: Dividend Payment for Platinum Asia Investments in Question

Special Dividend Announcement

Platinum Asia Investments Limited (ASX – PAI) has declared a special dividend of AUD 0.1992 per fully paid ordinary share, scheduled for payment on 12 September 2025. The announcement, made on 12 August, sets the ex-dividend date as 15 August and the record date as 18 August, marking key dates for shareholders to be eligible for the payout.

Franking and Tax Implications

The dividend is notably 77.23% franked, meaning a substantial portion of the dividend carries Australian tax credits that can benefit shareholders by reducing their tax liabilities. This level of franking reflects the company’s strong tax position and commitment to delivering tax-effective returns to investors.

Regulatory and Approval Conditions

Importantly, the payment of this special dividend is contingent upon court approval, a regulatory step that underscores the complexity surrounding the company’s current corporate actions. The announcement notes that the final dividend amount will be confirmed following the scheme valuation date, expected on 22 August 2025, with a market update to be provided by 25 August.

Currency and Shareholder Payment Options

For shareholders based in New Zealand, Platinum Asia Investments offers the option to receive the dividend payment in New Zealand dollars, converted at the spot exchange rate prior to the record date. This arrangement simplifies currency management for foreign investors and reflects the company’s attention to shareholder convenience across jurisdictions.

Looking Ahead

While the special dividend announcement is a positive signal of the company’s financial health and shareholder returns, the pending court approval and final valuation introduce an element of uncertainty. Investors will be watching closely for the outcome of these approvals and the final dividend confirmation, which will set the tone for Platinum Asia Investments’ near-term market performance.