Special Advisory: Future Energy Source Company Limited (FESCO)

October 17, 2024

 

Future Energy Source Company Limited (FESCO) has advised that In response to a February 2024 media publication surmising from the Company’s earnings call held in the same month that “dividends will not be disbursed this year, extending into the following year”, FESCO has advised that its Board of Directors has not made any decision to delay or suspend dividends for any period. FESCO has further advised that in accordance with its dividend policy, the Company’s decision to declare a dividend in any year is subject to the need for reinvestment.

 

Disclaimer:

Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view (s) expressed by that research analyst in this research report.

Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may affect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.

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