PAI Sets Special Dividend at AUD 0.1992 with 77% Franking, Payment in September
Platinum Asia Investments Limited has updated the ex-date and record date for its special dividend, pending court approval scheduled for mid-August. The dividend payment is set for September, with currency options and final amounts to be confirmed.
- Special dividend of AUD 0.1992 per share announced
- Ex-date revised to 18 August 2025, record date to 19 August 2025
- Dividend 77.23% franked with payment on 12 September 2025
- Court approval hearing set for 15 August 2025
- Dividend payable in AUD and NZD with exchange rates pending
Dividend Update and Timing
Platinum Asia Investments Limited (ASX, PAI) has issued an update to its earlier special dividend announcement, revising key dates that investors should note. The ex-dividend date is now set for 18 August 2025, with the record date following on 19 August 2025. This adjustment comes just ahead of a scheduled court hearing on 15 August 2025, which is a necessary step for the dividend to proceed.
The special dividend itself is declared at AUD 0.1992 per fully paid ordinary share, with a significant portion, 77.23%, being franked. This means shareholders will receive a tax credit reflecting corporate tax already paid on that portion of the dividend, a feature that often appeals to Australian investors seeking tax-efficient income streams.
Regulatory and Payment Details
Importantly, the payment date for the dividend is scheduled for 12 September 2025, allowing shareholders to plan accordingly. The announcement also highlights that court approval is a prerequisite, with the hearing set for mid-August. This legal step underscores the structured governance around the dividend distribution, particularly as it relates to the company’s ongoing scheme implementation.
Shareholders in New Zealand have the option to receive their dividend payments in New Zealand dollars, with the conversion based on spot exchange rates. The company will disclose the applicable exchange rates by 1 September 2025, providing transparency for cross-border investors. This currency flexibility reflects Platinum Asia Investments’ investor base and the geographic spread of its shareholders.
Looking Ahead
The final dividend amount will be confirmed following the scheme valuation date, expected to be 22 August 2025, with a market update due on 25 August. This means the announced dividend figure remains subject to adjustment based on the company’s valuation just prior to the scheme’s implementation. Investors should watch for this confirmation to understand the precise income they will receive.
Overall, this update provides clarity on timing and regulatory steps, but also signals that the dividend remains contingent on court approval and final valuation outcomes. For investors, this means a cautious optimism as the company moves closer to delivering this special distribution.
Bottom Line?
Platinum Asia Investments’ special dividend hinges on imminent court approval and final valuation, keeping investors attentive to upcoming confirmations.
Questions in the middle?
- Will the court approval on 15 August proceed without conditions affecting the dividend?
- How might the final scheme valuation on 22 August alter the dividend amount?
- What exchange rates will apply for NZD payments, and how could currency fluctuations impact shareholder returns?