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Karachi, In a recent board meeting held in Karachi, Matco Foods Limited announced several recommendations, including an interim cash dividend and bonus share issue. The board of directors unanimously approved these actions, benefiting the company’s shareholders.
The first recommendation is the payment of an interim cash dividend for the year ending June 30, 2023. Shareholders will receive Rs. 0.50 per share, equivalent to a 5% dividend. This cash dividend is in addition to the interim dividend of Rs. 0.50 per share, also amounting to 5%, that has already been distributed.
Furthermore, the board of directors proposed the issuance of interim bonus shares. For every share held, shareholders will receive NIL additional shares, corresponding to NIL% of their current shareholding. This decision follows the distribution of interim bonus shares previously issued at NIL%.
The entitlements mentioned above will be provided to shareholders whose names appear in the Register of Members as of June 9, 2023. To facilitate these processes, the Share Transfer Books of the Company will be closed from June 10 to June 12, inclusive.
No other specific entitlements, corporate actions, or price-sensitive information were reported during the meeting.