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Incitec Pivot Ltd T.IPL


Primary Symbol: ICPVF

Incitec Pivot Limited is an Australia-based manufacturer and supplier to the resources and agricultural sectors. Its segments include Asia Pacific and Americas. Asia Pacific segment includes Fertilisers Asia Pacific (Fertilisers APAC) and Dyno Nobel Asia Pacific (DNAP). Fertilisers APAC manufactures and sells fertilizers in Eastern Australia and the export market. It also manufactures, imports and sells industrial chemicals to the agricultural sector and other specialist industries. DNAP manufactures and sells industrial explosives and related products and services to the mining industry in the Asia Pacific region, Turkey and France. Americas segment includes Dyno Nobel Americas, which manufactures and sells industrial explosives and related products and services to the mining, quarrying and construction industries in the Americas (Canada, Mexico and Chile) and initiating systems to businesses in Australia, Turkey and South Africa. It also manufactures and sells industrial chemicals.


OTCPK:ICPVF - Post by User

Comment by Oldfart74on Oct 10, 2021 10:36am
220 Views
Post# 33993210

RE:Lost Divy

RE:Lost Divy

alkhor wrote: I put in a complaint to the ASC as ther new Board of Directors decided to cancel the dividend, This new board are four Brookfield appointees and three old board members, Clearly it is a conflict of interest as cancelling the Dividend favours Brookfield. Board members are supposed to look after the interest of all shareholders. When they pull (word deleted) like this, it is obvious the shareholders be damned as long as Brookfield benefits.

Nothing like an uniformed investor filing a ridiculous claim and wasting the time of the ASC. The dividend was not canceled - it was suspended. Every month the IPL board would vote to declare a dividend - after Brookfield acquired control, the reconstituted board decided not to declare any further dividends. With regards to the change in board members, this is the process followed in all takeovers - nothing unusual. In any event, after October 28, you will no longer be a shareholder of IPL.

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