The board of directors of OnCard International Limited announced that the Company will seek shareholder approval to distribute to shareholders all funds surplus to its needs. As the expected cash backing per share is currently estimated to be between $0.31 and $0.32, the board considers that the Company will be able to return $0.30 per share to shareholders. While the composition of the proposed distribution has yet to be finalised, it is likely to be by way of return of capital of $0.21 per share and by way of unfranked dividend of $0.09 per share.
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