8 Nov 2011

Salvus to return $17 million to shareholders

10:42 am on 8 November 2011

Shareholders in Salvus Strategic Investments are to have a total of $17 million returned to them as a result of the liquidation of the company.

The shareholders voted in October for the company to realise its assets, then de-list and undergo liquidation.

Salvus' directors will pay a cash distribution of 8.41 cents a share to shareholders.

The payment carries $1.5 million in imputation credits which shareholders can use to offset tax payable.

The directors say that if they money they've set aside to complete the liquidation is more than what is spent, they will distribute the remainder to shareholders, which could be up to 1 cent a share.

The payment will be made on 28 November.