Prime Media Group (ASX:PRT) to pay a special dividend

Company News

by Rachael Jones

Prime Media Group (ASX:PRT) intends to determine to pay a fully franked special dividend of $0.03 per share, conditional on the scheme of arrangement by which Seven West Media (ASX:SWM) proposes to acquire Prime.

Seven confirms that it has consented to the payment of the Special Dividend by Prime.

It’s expected to be paid on Monday, 6 January 2020.

With the exception of the Special Dividend, the Prime Board has no current intention to resume the payment of dividends.

Shares in Prime Media Group (ASX:PRT) are trading 2.56 per cent higher at 20 cents.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.