PSC Insurance Group (ASX: $PSI) suspends Distribution Reinvestment Plan

PSC Insurance Group Limited (ASX: $PSI) has announced the suspension of its Distribution Reinvestment Plan (DRP) for the interim distribution for the six month period ended 31 December 2023. Shareholders are informed that no action is required, as the cash dividend payable will be credited to their nominated bank accounts on the payment date. The Board of Directors retains the discretion to reinstate the DRP for the next dividend, and any updates on changes to the DRP or dividend distribution policies will be communicated in due course.

Executive Commentary on DRP Suspension

The Board of Directors has decided to suspend the Distribution Reinvestment Plan for the interim FY24 dividend. Shareholders are advised that they will receive the cash dividend directly in their nominated bank accounts on the payment date, and no further action is necessary from their end. The Board retains the authority to reinstate the DRP for the next dividend, and any future changes to the DRP or dividend distribution policies will be promptly communicated to shareholders. For any queries, shareholders may contact Stephen Abbott, Company Secretary, on 85938333.

Summary of PSC Insurance Group's DRP Suspension

PSC Insurance Group Limited (ASX: $PSI) has taken the decision to suspend its Distribution Reinvestment Plan (DRP) for the interim FY24 dividend. Shareholders are assured that the cash dividend will be credited to their nominated bank accounts on the payment date, and no further action is required. The Board of Directors retains the discretion to reinstate the DRP for the next dividend, and any updates on changes to the DRP or dividend distribution policies will be communicated as they occur. Shareholders are encouraged to refer to the company's corporate governance page for a copy of the DRP rules. The company aims to keep shareholders informed and will continue to provide updates on any developments regarding the DRP or dividend distribution policies.