Friday 24th May 2019 at the Bank South Pacific (BSP) Annual General Meeting (AGM) in Port Moresby, PNG the BSP Board announced a dividend payout of K1.37 per share for its shareholders. A great news for shareholders as this is an increase from the previous financial year dividend of K1.23.
The Solomon Islands National Provident Board has purchased its’ 15% shares in Loloata Island Resort Limited on Tuesday 14th May 2018 at the Lamana Hotel, Port Moresby, Papua New Guinea. The SINPF bought its shares for K12 million (approx. SBD$30 million) from funds generated from its’ Bank South Pacific equity investment returns.
South Pacific Oil Limited held its AGM on Friday 1st March 2019 at NPF Board Room, NPF Building. During the meeting, the AGM declared dividend payment to be paid to SPO lone shareholder SINPF and its members. In a short ceremony in packed room of media representatives and staff of SPO and NPF executive, Mr. Gideon Zoleveke declared “With such good results, on behalf of the Board of South Pacific Oil, it is my pleasure to declare a dividend of $70,000,000 for the 2018 financial year”.