Region Group (ASX: $RGN) FY24 Distribution Announcement

Region Group (ASX: $RGN) has announced the final distribution for the period from 1 January 2024 to 30 June 2024. The distribution payable will be 7.0 cents per stapled security, with the total distribution for FY24 amounting to 13.7 cents per stapled security. This distribution will apply to all stapled securities on issue as at the Record Date. A payment advice will be sent to security holders on or about 30 August 2024. Furthermore, details regarding the tax components of this distribution will be provided on or by 30 August 2024. The Distribution Reinvestment Plan (DRP) will be suspended for this distribution. Region Group expects to release its Full Year 2024 Results on 13 August 2024, with the possibility of the date changing. This announcement has been authorised by the Board of RGN.

Executive Commentary on FY24 Distribution and Full Year Results

The final distribution for FY24 reflects our commitment to delivering value to our security holders. We believe that the 7.0 cents per stapled security, along with the total distribution of 13.7 cents per stapled security for FY24, demonstrates our dedication to providing consistent returns. The suspension of the Distribution Reinvestment Plan for this distribution is a strategic decision aimed at optimizing our capital structure. We are also looking forward to the release of our Full Year 2024 Results on 13 August 2024, which will provide a comprehensive overview of our performance and financial position for the year.

Summary of Region Group (ASX: $RGN) FY24 Distribution Announcement

Region Group (ASX: $RGN) has announced the final distribution for FY24, with a payment of 7.0 cents per stapled security for the period from 1 January 2024 to 30 June 2024. The total distribution for FY24 amounts to 13.7 cents per stapled security. This distribution applies to all stapled securities on issue as at the Record Date, and a payment advice will be sent to security holders around 30 August 2024. Additionally, details regarding the tax components of this distribution will be provided on or by 30 August 2024. The Distribution Reinvestment Plan (DRP) will be suspended for this distribution. Region Group expects to release its Full Year 2024 Results on 13 August 2024, subject to the possibility of the date changing. The company's commitment to delivering value to security holders is evident in the distribution, and the strategic decision to suspend the DRP reflects a focus on optimizing the capital structure. The upcoming Full Year 2024 Results will offer insights into the company's performance and financial position for the year.