The Board have determined that it does not anticipate the payment of dividends for the foreseeable future. The Directors are of the view that the dividend policy remains appropriate for the Group considering its current financial position, strategy and prospects and the continuing uncertainties faced. These uncertainties include the ongoing legal matters and the risk that SUBLOCADE and PERSERIS might not meet revenue growth expectations due to the continued impact from the COVID-19 pandemic.
Historical dividend payments
As set out in the prospectus, issued for the demerger in November 2014, the Company confirmed that it would pay out 40% of net income as a dividend, payable in US$ for the 2015 financial year. Details of these payments is set out below.
First and Second Interim Dividend Payments
|First interim dividend||Date|
|Ex-dividend date||September 17, 2015|
|Record date||September 18, 2015|
|Payment date||October 23, 2015|
|Second interim dividend||Date|
|Ex-dividend date||June 16, 2016|
|Record date||June 17, 2016|
|Payment date||July 29, 2016|