OTHERS JOBSTREET CORPORATION BERHAD ("the Company") - Dividend Policy
JOBSTREET CORPORATION BERHAD |
Type | Announcement |
Subject | OTHERS |
Description | JOBSTREET CORPORATION BERHAD ("the Company") - Dividend Policy |
Reference is made to the announcements dated 16 May 2008 and 18 May 2010 on Dividend Policy of the Company. Due to the changes to the Group’s nature of business subsequent to the sale of the online job posting business to SEEK Asia Investments Pte Ltd and the need to retain cash to fund future acquisitions, the Board of Directors' of the Company has, after due deliberations, decided to discontinue the existing dividend policy with effect from 22 February 2016. The rationale is as follows: (i) the existing dividend policy was more appropriate when there was a steady business generating consistent free cash flow; and (ii) the Company needs to retain cash in order to use these funds for new acquisitions for future growth. This announcement is dated 22 February 2016.
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Announcement Info
Company Name | JOBSTREET CORPORATION BERHAD |
Stock Name | JOBST |
Date Announced | 22 Feb 2016 |
Category | General Announcement for PLC |
Reference Number | GA1-22022016-00002 |