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NZX Release
8 September, 2021

MHM Automation announces Special Dividend

The Board of MHM Automation Limited today announced its decision to pay a special dividend of 1.5 cents per share.

The Board of MHM Automation Limited today announced its decision to pay a special dividend of 1.5 cents per share.

The record date for the dividend will be 15th September 2021.

The special dividend is being paid from the proceeds of the sale of the New Plymouth property. The sale of the property generated a one off gain on sale of $1.9m which was recorded in the 2021 financial year. The Board considers it appropriate to pay the special dividend to shareholders given the one off gain and the stronger trading performance in the 2021 financial year.

Following on from our 2021 financial year announcement last month, we continue to see strong demand for our automated products and solutions. Our automation business has good workflows right through the 2022 financial year and beyond. Global demand for automation continues to increase. Our portfolio of products and solutions are word leading in their markets and we remain confident that we will continue to see growth both in terms of revenue as well as profitability.

We thank shareholders for their ongoing support.