Solution Dynamics Limited has announced that it has received co-funding from New Zealand Trade and Enterprise's International Growth Fund for a range of its market development activities in North America.
The IGF provides 50:50 co-funding up to a maximum of $600,000 from NZTE over a three-year period, requiring SDL to not make distributions that exceed 50% of net profit after tax without NZTE's prior consent.
The Directors have amended the dividend policy to operate with the lower dividend payout ratio cap of 50% over the course of the co-funding period.
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