PPK Group Limited (AU:PPK) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
PPK Group Limited has announced a special in-specie dividend, offering shareholders one Li-S Energy Limited share for every 3.5 PPK shares held. The move is part of PPK’s strategy to deconsolidate and focus on its core businesses, while remaining the largest shareholder in Li-S Energy. Eligible shareholders will receive the fully franked dividend on October 31, 2024, with provisions made for foreign shareholders to sell their dividend shares via an agent.
For further insights into AU:PPK stock, check out TipRanks’ Stock Analysis page.