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Karachi, In a recent meeting held in Karachi, the Board of Directors of TPL Properties Limited made an important recommendation for the company’s shareholders. The board has declared an interim cash dividend for the year ended 2023.06.10 at Rs.2 per share, equivalent to 20%. This announcement comes in addition to the interim dividend already paid at Rs.0 per share, which accounted for 0%.
Additionally, the board recommended the issuance of interim bonus shares. However, the specific details regarding the proportion and number of bonus shares to be issued were not disclosed in the announcement. This proposal will be an addition to the interim bonus shares already distributed at an undisclosed rate.
No other entitlements or corporate actions were reported by the board in their meeting.
Shareholders who are eligible to receive the declared entitlements must ensure that their names appear in the Register of Members on June 20, 2023. To facilitate the processing of the entitlements, the Share Transfer Books of TPL Properties Limited will be closed from June 21, 2023, to June 22, 2023, inclusive. Further information regarding any additional price-sensitive information was not provided in the announcement.
The declaration of an interim cash dividend and the possibility of bonus shares by TPL Properties Limited demonstrates the company’s commitment to providing value to its shareholders.