Everest Assets Group (EAG) is committed to creating a sustainable and profitable business that benefits all stakeholders. Our dividend policy reflects this commitment and is designed to balance the needs of the business with the expectations of our investors.
Our policy is to allocate pre-tax profits, after operating costs, in a strategic and responsible manner. A portion of these profits will be dedicated to Environmental, Social, and Governance (ESG) projects and staff bonuses, reflecting our commitment to corporate responsibility and our team.
Post-tax retained profits will be strategically allocated to ensure the long-term sustainability and growth of the business. Our current policy is to earmark one-third of these profits for the maintenance and development of our existing business operations. This includes necessary repairs, property maintenance, technology upgrades, and research and development initiatives.
Another third of the post-tax profits will be set aside in a 'war-chest' to fund future acquisitions. This aligns with our growth strategy of acquiring profitable companies in the IT and Cybersecurity sectors, and ensures we have the necessary capital to seize these opportunities as they arise.
The remaining third of the post-tax profits will be distributed to shareholders as dividends. In line with our commitment to our Class B sha
reholders, they will receive their dividends first. Any remaining funds will then be distributed to our Ordinary shareholders.
This dividend policy is subject to review and approval by the Board of Directors and may be adjusted based on the company's financial performance, future capital requirements, and other relevant factors. We believe this policy balances the need for reinvestment in the business with the expectations of our shareholders for a return on their investment."
Please note that this is a general overview of our dividend policy and specific details may vary. For the most up-to-date information, please refer to the Investor Relations element of our official website at https://www.eaggb.com/news-and-resources.