Splash Declares Cash Dividends, Approves Share Buy Back

Taguig–(PHStocks)–The Board of Directors of Splash Corp. (PSE: SPH) has approved Management’s recommendation to pay stockholders of record as of 11 May 2015 a cash dividend of PhP0.10 per share, an estimated total amount of PhP63 million. The Board also approved a share buyback program that will amount to PhP100 million.

The cash dividend and share buyback will be funded by:

• cash flow from operations, which has improved significantly over the last 15 months or the whole of 2014 and the first quarter of 2015; and,
• remaining proceeds from the sale of a non-core asset.