REPORTING CONTEXT ABOUT US OUR OPERATING CONTEXT OUR PERFORMANCE OUR LEADERSHIP GOVERNANCE OUR FINANCIAL STATEMENTS SHAREHOLDERS' CORNER Dividend policy No formal dividend policy has been set by the Board. Dividend payments are determined by the profitability of the Company, its cash flow, its future investment and growth opportunities. The Board of Directors decided that, based on management forecasts and the Group’s profitability, an interim dividend would be declared in November 2021 and a final dividend declared in June 2022. Each dividend paid was subject to the satisfaction of the corresponding solvency test. As such, an interim dividend of MUR 4.20 per ordinary share was paid in December 2021 and a final dividend of MUR 9.10 per ordinary share was paid in July 2022, bringing the total dividend declared for the financial year under review to MUR 13.30 per ordinary share, the same as the previous year. Key dividend information over the past five years is shown in the table below: 2022 2021 2020 2019 2018 Dividend per share (MUR) 13.30 12.80 12.80 13.30 10.90 Dividend cover (Number of times) 1.87 2.54 2.12 2.89 2.64 Dividend yield (%) 2.22 2.13 2.08 2.29 1.82 To date, a small number of dividend cheques remain outstanding. Shareholders who have not yet received their dividend cheques are requested to contact DTOS Registry Services Ltd, the Company’s share registry and transfer office. Total shareholder’s return The total return for shareholders over the last five years is shown below: 2022 2021 2020 2019 2018 Share price at 30 June, current year (MUR) 600.00 600.00 614.00 580.00 600.00 Share price at 30 June, previous year (MUR) 600.00 614.00 580.00 600.00 455.00 (Decrease) increase in share price (MUR) – (14.00) 34.00 (20.00) 145.00 Dividend, current year (MUR) 13.30 12.80 12.80 13.30 10.90 Total return per share (MUR) 13.30 (1.20) 46.80 (6.70) 155.90 Total return based on previous year share price (%) 2.22 (0.20) 8.07 (1.12) 34.26 Publication of first quarter results Declaration of interim dividend subject to Board approval Payment of interim dividend Annual Meeting 2022 Publication of second quarter results Publication of third quarter results Declaration of final dividend subject to Board approval Payment of final dividend NOVEMBER 2022 DECEMBER 2022 FEBRUARY 2023 MAY 2023 JUNE 2023 Calendar of forthcoming shareholders’ events Arnaud Lagesse Sylvia Maigrot Chairperson Chairperson of the Corporate Governance Committee 27 September 2022 CORPORATE CORPORATE GOVERNANCE CONTINUED 113 112 Phoenix Beverages Limited Integrated Report 2022 Phoenix Beverages Limited Integrated Report 2022
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