10 March 2010
Satara Announces Change in Distribution Policy
Since listing on the NZAX Satara has had a published formula in place to
calculate shareholder distributions.
The Board of Directors has resolved that, for the 2010 financial year and
beyond, Satara will no longer have a stated formula for calculating rebates
and dividends in any year.
In determining the appropriate level of distributions to Investor and
Transactor Shareholders the Board of Directors will consider a number of
factors including current and forecast earnings, the cyclical nature of the
industry, the demands on Satara to invest additional capital, the
desirability of retaining earnings, and the solvency requirements of the
Companies Act 1993. Distributions and dividends will be declared at the
discretion of the Board.
For further information contact:
Hendrik Pieters, Chairman 027 476 6080
End CA:00192318 For:SAT Type:GENERAL Time:2010-03-10:13:25:44