Currency Shortages

Shortage in foreign currencies delay dividend payments

Steamships Trading Company Limited in a statement to Port Moresby Stock Exchange notified that the interim dividend payment of 2016 will not be effected on Sept 30, 2016 for non-PNG shareholders due to the mentioned reasons.

Currently due to Bank of Papua New Guinea exchange controls there is a large back log of currency purchase orders

However, it is anticipated that payment will be effected by Oct 10, 2016 on current conversion availability.