Geneva Finance to pay maiden dividend in special distribution next month

Sun, 10 Jul 2016

By Paul McBeth July 11 (BusinessDesk) - Geneva Finance, which reverted back to its old name last month, will pay a special dividend after overhauling the business to achieve sustainable earnings and consolidating its shares in an effort to boost their value. The Auckland-based financier will pay a dividend of 1.5 cents per share on Aug. 19, shedding rights to the payment on Aug. 11, it said in a statement. The distribution will be the first to shareholders who agreed to convert some of their debenture stock into equity as part of a 2007...

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