The Board of COGGO is please to announce an interim dividend of $3,000,000, payable to Dividend Entitlement Unit (DEU) holders. This dividend equates to a return of 10.07% on the balance of DEUs held as at 30^th September 2011. Arrangements to pay this dividend are currently being made and should be finalised by the end of July 2012.

 

The Board further resolved to pay a final dividend to DEU holders no later than 30^th April 2013.

 

The Chairman of the Board of COGGO, Bruce Piper, said: “This interim and final dividend ends the Dividend Entitlement Unit scheme as at 30^th September 2011. COGGO members will need to continue or recommence their voluntary contributions to be entitled to any possible future dividends. Entitlement to any possible future dividend will be calculated only on voluntary contributions received from 1^st October 2011 onwards”.

 

Released by order of the Board

 

Hugh Lennerts

Company Secretary

Council of Grain Grower Organisations Ltd

 

4^th July 2012