State Trading Organization (STO) has reported that the company will disburse the share earnings for all shareholders from the 21st of this month.
Share earnings for STO for 2014 are MVR 76 per share. The share earnings will be disbursed on working days from 10.30 am to 1.00 pm.
STO has appealed to all shareholders to bring a copy of their ID cards or share certificates when collecting their share earnings. If the shareholders are to send a representative to collect their shares, they shareholder should send a copy of their ID card, the collector’s ID card and a letter signed by the shareholder.
STO reported that for the shareholders who had opted to deposit their share earnings in their bank accounts, the earnings would be deposited once they had filed the required paper work. Once the paper work has been filed, STO reported that the company would deposit the amount within a month.
STO also called on shareholders to update their information, if any changes had been made, on or before the 14th of this month.
STO clocked in US$ 479.9 million as profits for 2014. This a value three times of the value of 2013.
STO to disburse share earnings on 21st of this month
