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Geneva Finance to pay dividend

NZN 10/07/2016

Geneva Finance will pay a special dividend after overhauling the business to achieve sustainable earnings and consolidating its shares in an effort to boost their value.

The Auckland-based financier will pay a dividend of 1.5 cents per share it said.

The distribution will be the first to shareholders who agreed to convert some of their debenture stock into equity as part of a 2007 moratorium on interest repayments when it owed $132.4 million to investors.

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