GTN.ASX: Proposed Capital Return

Proposed Capital Return

Stock	GTN Ltd (GTN.ASX)
Release Time	27 Jun 2025, 1:32 p.m.
Price Sensitive	Yes

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GTN Ltd Proposes A$44m Capital Return

Key Points

Proposed capital return of approximately A$0.23 per share
Seeking shareholder approval at EGM on 29 July 2025
Capital return not expected to impact final FY25 dividend

Full Summary

GTN Limited (ASX:GTN) has announced that it intends to seek shareholder approval for a proposed capital return of approximately A$44m, representing approximately A$0.23 per share. The company will convene a general meeting on 29 July 2025 for this purpose. The precise distribution per share will depend on the number of shares on issue at the record date, which may be subject to change including as a result of the company's current on-market buyback. If approved and paid, the capital return is not expected to adversely affect the company's ability to pay a final FY25 dividend in accordance with its current 100% of NPAT dividend policy. GTN is engaging with the Australian Taxation Office (ATO) and will apply for a class ruling to confirm the Australian tax implications of the capital return for shareholders who hold their shares on capital account for tax purposes. If shareholder approval is received, the capital return is expected to take effect in early August 2025.