AVJennings Pays Special Dividend and Adjusts Scheme Consideration: What Shareholders Need to Know
Key Points for AVJennings Shareholders
- Special Dividend Paid: AVJennings Limited (ASX: AVJ) has paid a fully franked special dividend of \$0.167 per share on 6 August 2025.
- Scheme Consideration Adjusted: The amount to be paid to shareholders under the Scheme has been reduced to \$0.488 per AVJennings Share following the special dividend payment.
- Important Dates:
- Scheme Record Date: 7:00pm (AEST) on Monday, 11 August 2025
- Expected Scheme Payment Date: Thursday, 14 August 2025
- Fully Franked Dividend: The special dividend is fully franked, which may have tax implications for shareholders.
- Implementation of Scheme: Shareholders will receive the adjusted scheme consideration on implementation, after the deduction of the special dividend.
Why This News Matters for AVJennings Investors
This announcement is highly relevant to AVJennings shareholders and could move the share price. Here’s why:
- The confirmation of the special dividend and its payment provides certainty and immediate value to shareholders.
- The adjustment of the scheme consideration directly impacts the total payout shareholders will receive as part of the scheme, which could affect valuations and trading activity in AVJennings shares.
- The timing and payment of both the special dividend and the scheme consideration are now clear, allowing investors to plan accordingly and assess the impact on their portfolios.
- The announcement confirms the ongoing implementation of the scheme as outlined in previous disclosures, reducing uncertainty about the transaction process.
Detailed Breakdown: What Shareholders Should Do Next
Shareholders should take note of the following:
- If you held AVJennings shares on the relevant date, you should have received the fully franked special dividend of \$0.167 per share as of 6 August 2025.
- You should also be aware that the total scheme consideration you’ll receive on implementation has now been reduced to \$0.488 per share, reflecting the special dividend paid out.
- The record date for determining eligibility for the scheme consideration is 7:00pm (AEST) on Monday, 11 August 2025. Ensure your holdings are correct and up to date by that time.
- The scheme consideration payment is expected to be made to eligible shareholders on Thursday, 14 August 2025. Watch for communications from AVJennings regarding the payment process.
- The special dividend is fully franked, which may have positive tax implications for certain investors, particularly those who can claim franking credits.
Any shareholder with questions or requiring further information can contact Company Secretary Carl Thompson or Andrew Keys at Keys Thomas Associates, as listed in the announcement.
Potential Share Price Impact
The payment of a special dividend and clarity around the scheme consideration and timelines are material events for AVJennings. These developments could influence trading as investors digest the total value being delivered and the near-term certainty regarding the company’s corporate actions. Investors should monitor the share price for potential volatility as the scheme implementation date approaches.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions. The author and publisher take no responsibility for investment decisions made based on this article.
View AVJennings A$ Historical chart here
